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Debenhams PLC (DEB.L)

DEB.L on London Stock Exchange

9.86GBp
21 Sep 2018
Change (% chg)

0.37 (+3.84%)
Prev Close
9.50
Open
9.48
Day's High
10.16
Day's Low
9.44
Volume
31,515,338
Avg. Vol
7,186,659
52-wk High
51.44
52-wk Low
9.44

Latest Key Developments (Source: Significant Developments)

Debenhams Sees FY Pre-Exceptional Pretax Profit Within Market Range
Monday, 10 Sep 2018 08:08am EDT 

Sept 10 (Reuters) - Debenhams PLC ::RESPONSE TO MEDIA SPECULATION.EXPECT TO REPORT PRE-EXCEPTIONAL PRE-TAX PROFIT FOR FY2018 OF AROUND £33M.ANTICIPATE YEAR END NET DEBT WILL BE APPROXIMATELY £320M, IN LINE WITH GUIDANCE.EXPECT FY2018 EBITDA OF AROUND £157M.EARLY WEEKS OF NEW SEASON HAVE SHOWN MORE POSITIVE TRENDS AND ANY SUSTAINED UPTURN WOULD RESULT IN A REBOUND IN PROFIT PERFORMANCE.MARKET ENVIRONMENT REMAINS CHALLENGING AND UNDERLYING TRENDS DETERIORATED THROUGH SUMMER MONTHS.UNDERLYING TRENDS DETERIORATED THROUGH SUMMER MONTHS.BOARD CONTINUES TO WORK WITH ADVISERS ON LONGER TERM OPTIONS, WHICH INCLUDE STRENGTHENING BALANCE SHEET, REVIEWING NON-CORE ASSETS.SAYS "WE ARE READY TO SCALE UP SOME OF OUR STRATEGIC ACTIVITY AHEAD OF PEAK".  Full Article

Sports Direct Says Increased Total Holdings In Debenhams To 29.70 Pct
Friday, 2 Mar 2018 05:39am EST 

March 2 (Reuters) - Sports Direct International Plc ::‍STATEMENT REGARDING DEBENHAMS PLC​.‍COMPANY HAS INCREASED ITS TOTAL HOLDINGS IN DEBENHAMS PLC TO 29.70%.‍"OBVIOUS SYNERGIES THAT CAN BE ACHIEVED THROUGH INTEGRATION OF OUR RESPECTIVE WEB OPERATIONS" HEAD OF STRATEGIC INVESTMENTS SPORT DIRECT​.‍SEES VALUE FOR BOTH COS IN A STRATEGIC PARTNERSHIP BETWEEN DEBENHAMS AND SPORTS DIRECT​.  Full Article

Debenhams Cutting 320 Jobs In Store Management Shake-Up - Sky News ‍​
Thursday, 8 Feb 2018 02:54am EST 

Feb 8 (Reuters) - :DEBENHAMS CUTTING 320 JOBS IN STORE MANAGEMENT SHAKE-UP - SKY NEWS ‍​.  Full Article

Debenhams says no plans to close more stores
Thursday, 4 Jan 2018 03:28am EST 

Jan 4 (Reuters) - Debenhams ::CFO SAYS NO FURTHER PLANS TO CLOSE MORE STORES THAN 10 ALREADY ANNOUNCED.CEO SAYS CUSTOMERS "CAME LATER TO CHRISTMAS", SAYS COMPANY HELD GROUND IN CLOTHING.CEO SAYS IN HINDSIGHT GIFTING CATEGORY NEEDED TO BE MORE "PREMIUM".CFO SAYS NET DEBT NOW MAY BE SLIGHTLY HIGHER, BUT HAS NO CONCERNS ABOUT BALANCE SHEET.CFO SAYS WILL TAKE ANOTHER LOOK AT STORE PORTFOLIO AT HALF YEAR, FULL YEAR STAGES.CFO SAYS NO CHANGE TO INVESTMENT PLANS.CFO SAYS WILL REVIEW CENTRAL FUNCTIONS TO DELIVER FURTHER 5 MILLION STG OF SAVINGS.  Full Article

Debenhams says trading director Suzanne Harlow to step down
Thursday, 7 Sep 2017 06:37am EDT 

Sept 7 (Reuters) - Debenhams Plc :SUZANNE HARLOW, GROUP TRADING DIRECTOR, WILL STEP DOWN FROM BOARD AND INTENDS TO EXPLORE NEW OPPORTUNITIES ELSEWHERE.SUZANNE HARLOW WILL LEAVE BUSINESS ON 20 TH OCTOBER 2017.‍BUSINESS IS CREATING THREE NEW BUSINESS UNITS: FASHION AND HOME; BEAUTY AND BEAUTY SERVICES; AND FOOD AND EVENTS​.A NEW EXECUTIVE COMMITTEE MEMBER RESPONSIBLE FOR FASHION AND HOME IS EXPECTED TO BE APPOINTED IN DUE COURSE.‍AS A RESULT OF MAIN BOARD ROLE OF GROUP TRADING DIRECTOR WILL NO LONGER EXIST​.  Full Article

Debenhams says May a poor month, some recovery in June
Tuesday, 27 Jun 2017 02:56am EDT 

June 27 (Reuters) - Debenhams :Trading director says May was a poor month, some recovery in June.CEO says will update in October on real estate strategy/store closures.FD says fully hedged to Aug 2017 at $1.50/pound, mostly hedged to Aug 2018 at $1.30/pound.  Full Article

Debenhams says unit, Debenham Flowers hit by cyber attack
Friday, 5 May 2017 03:45am EDT 

May 5 (Reuters) - Debenhams Plc ::Ecomnova ltd, company that owns and operates flower and gifting website including Debenhams Flowers, has suffered a cyber attack.Taken immediate steps to minimise risk to customers affected and made contact with all those customers whose data has been accessed.Incident has only affected customers of Debenhams Flowers.Customers of Debenhams.com site are not affected.Working with Ecomnova and all relevant authorities to investigate this attack.  Full Article

BUZZ-Debenhams: Slips after Sports Direct rules out bid

Sept 13 ** Debenhams slips as much as 12.1 pct on Thursday, after Mike Ashley's Sports Direct officially ruled out a takeover bid for co