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Debenhams PLC (DEB.L)

DEB.L on London Stock Exchange

29.00GBp
23 Feb 2018
Change (% chg)

0.20 (+0.69%)
Prev Close
28.80
Open
29.88
Day's High
29.88
Day's Low
28.70
Volume
2,437,297
Avg. Vol
5,831,679
52-wk High
55.60
52-wk Low
26.06

Latest Key Developments (Source: Significant Developments)

Debenhams says no plans to close more stores
Thursday, 4 Jan 2018 

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

N Brown posts H1 adjusted profit before tax ‍32.2​ mln stg
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - N BROWN GROUP PLC ::H1 REVENUE ROSE 5.6 PERCENT TO 453.4 MILLION STG.INTERIM DIVIDEND 5.67 PENCEPER SHARE.H1 ADJUSTED PROFIT BEFORE TAX ‍32.2​ MILLION STG VERSUS 31.6 MILLION STG YEAR AGO.‍"IN LINE WITH OTHER RETAILERS, FX RATES REPRESENT A HEADWIND AND THIS WAS PARTICULARLY FELT THIS HALF​" - CEO.H1 NET DEBT ‍305.7​ MILLION STG VERSUS 286.7 MILLION STG YEAR AGO.‍"CURRENT TRADING IS ON TRACK WITH OUR PLAN AND WE ARE FOCUSED AND WELL PREPARED FOR PEAK TRADING PERIOD AHEAD​" - CEO.‍ANNOUNCING PARTNERSHIPS WITH AMAZON FASHION (SIMPLY BE AND JACAMO), NAMSHI (SIMPLY BE) AND DEBENHAMS (JACAMO) TO SELL CAPSULE COLLECTIONS ONLINE​.  Full Article

British Land sells Debenhams store on Oxford Street
Thursday, 7 Jul 2016 

British Land Company Plc : Has exchanged contracts for sale of 334-348 Oxford Street, London to a private investor for £400 million . Building is let in its entirety to Debenhams until 2039 . Has exchanged on £99 million of further retail disposals since 31 March 2016, including £79 million of superstores, 3.1% ahead of March valuations . Transactions bring total retail disposals since year end to £499 million . Since EU referendum, co has exchanged 11 long term retail leases totalling 50,000 sq ft and £2.1 million of rent on terms agreed prior to referendum .In aggregate these lettings are 4.7% ahead of March 2016 ervs; a further 210,000 sq ft of retail lettings are under offer.  Full Article

Debenhams says Irish unit applied for appointment of interim examiner
Thursday, 12 May 2016 

Debenhams Plc : Restructuring of Irish business . Directors of unit Debenhams Retail (Ireland) have applied to high court in Dublin seeking appointment of an interim examiner . Debenhams (Ireland) applied for examinership with aim of restructuring operations to create competitive and sustainable business in Ireland .Decision reflects disproportionately high operating costs, such as above-market rents and other overheads..  Full Article

UPDATE 1-UK's Debenhams to cut 320 store management jobs

LONDON, Feb 8 Department store Debenhams said on Thursday it plans to cut 320 in-store management roles, following several other British retailers who are shedding staff to cut costs.