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Debenhams PLC (DEB.L)

DEB.L on London Stock Exchange

2.90GBp
17 Jan 2019
Change (% chg)

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2.90
Open
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Day's High
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Volume
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Avg. Vol
13,647,187
52-wk High
32.14
52-wk Low
2.60

Latest Key Developments (Source: Significant Developments)

Debenhams Says Ian Cheshire To Step Down As Chairman
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Debenhams PLC ::IAN CHESHIRE INFORMED COMPANY OF HIS DECISION TO STEP DOWN FROM BOARD.IAN CHESHIRE INFORMED COMPANY OF HIS DECISION TO STEP DOWN FROM BOARD AND THIS WILL TAKE PLACE WITH IMMEDIATE EFFECT.FOLLOWING TODAY'S SHAREHOLDER VOTE, SERGIO BUCHER WAS NOT RE-ELECTED TO BOARD.IAN HAS CONCLUDED IT IS NO LONGER POSSIBLE FOR HIM TO REMAIN CHAIRMAN OF DEBENHAMS PLC.BOARD AND SERGIO HAVE AGREED THAT HE SHOULD CONTINUE AS CEO OF DEBENHAMS PLC, REPORTING TO BOARD.TERRY DUDDY, DEBENHAMS' SENIOR INDEPENDENT DIRECTOR, APPOINTED INTERIM CHAIRMAN WITH IMMEDIATE EFFECT.  Full Article

Brandes Investment Cuts Stake To 10.08 Pct From 11.92 Pct In Debenhams
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Debenhams PLC ::BRANDES INVESTMENT PARTNERS CUTS STAKE TO 10.08 PERCENT FROM 11.92 PERCENT IN DEBENHAMS PLC - FILING.  Full Article

Sports Direct Confirms It Does Not Intend To Make An Offer For Debenhams
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Sports Direct International PLC ::SPORTS DIRECT INTL. - STATEMENT RE DEBENHAMS.CONFIRMS IT DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF DEBENHAMS PLC.DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF DEBENHAMS PLC.  Full Article

Debenhams says Sports Direct supportive of strategy
Thursday, 19 Apr 2018 

April 19 (Reuters) - Debenhams ::CFO SAYS RESIGNATION HAS NOTHING TO DO WITH CONFIDENCE IN TURNAROUND PLAN - "IT'S A GOOD PLAN".CEO SAYS SPORTS DIRECT <<>>/MIKE ASHLEY SUPPORTIVE OF STRATEGY.SHARES DOWN 8 PERCENT AFTER H1 PROFIT SLUMP, DIVIDEND CUT, NEW FY WARNING.  Full Article

Debenhams Says CFO Matt Smith To Quit Firm
Thursday, 19 Apr 2018 

April 19 (Reuters) - Debenhams PLC ::MATT SMITH, CFO, HAS INFORMED BOARD OF HIS INTENTION TO LEAVE GROUP TO TAKE UP POSITION OF FINANCE DIRECTOR AT SELFRIDGES.A SEARCH HAS BEGUN FOR SMITH'S SUCCESSOR AND IN MEANTIME HE WILL CONTINUE IN HIS ROLE TO ENSURE AN ORDERLY HANDOVER.  Full Article

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

New Debenhams chairman seeks investor consensus as shares slide again

LONDON, Jan 11 Shares in Debenhams, the British department store chain that is fighting for survival, plunged as much as 22 percent on Friday as its new interim chairman began the task of trying to find a consensus among investors on the way forward.