Ashley offers Debenhams £150m loan - with strings attached
14th Mar 2019 07:25
(Sharecast News) - Sports Direct has offered Debenhams an alternative to the £150m loan it is seeking, with the proviso that Mike Ashley would take over as chief executive.
Read moreDebenhams lines up new £150m bank facility
11th Mar 2019 08:42
(Sharecast News) - Debenhams said it is in "advanced negotiations" with its lenders to put in place a new £150m bank loan, it said on Monday.
Read moreDebenhams bites back as Sports Direct unveils new coup
8th Mar 2019 07:29
(Sharecast News) - Debenhams said it was "disappointed" after Sports Direct called an extraordinary shareholder meeting to remove all but one of the current board and to appoint the sports chain's founder Mike Ashley as its new boss.
Read moreDebenhams slows sales decline but has concerns around profit
5th Mar 2019 08:34
(Sharecast News) - Debenhams reported a slowing in its sales decline in an update to the market on Tuesday, as the struggling department store chain worked to turn around its fortunes, though it did signal doubts over its profit expectations.
Read moreDebenhams bounces over bridge loan, new sourcing partnership
12th Feb 2019 07:52
(Sharecast News) - Debenhams has secured a 12-month bridge loan providing as it looks to thrash out a long-term solution to its debts, and has teamed up with a new Hong Kong sourcing partner for its own-brand products.
Read moreMonday broker round-up
4th Feb 2019 13:29
(Sharecast News) - TUI: Citigroup upgrades to buy with a target price of 1,550p.
Read moreWednesday broker round-up
16th Jan 2019 13:07
(Sharecast News) - Ashmore group: Berenberg downgrades to hold with a target price of 413p.
Read moreTuesday broker round-up
15th Jan 2019 13:03
(Sharecast News) - Ten Entertainment Group: Berenberg downgrades to hold with a target price of 250p.
Read moreDebenhams rescue plan could cost over 10,000 jobs - report
14th Jan 2019 09:54
(Sharecast News) - Debenhams' attempts to keep itself afloat could lead to the shutdown of 90 stores across the UK and the loss of 10,000 jobs.
Read moreDebenhams keeps Bucher as CEO after Sports Direct coup
11th Jan 2019 07:36
(Sharecast News) - Debenhams chief executive and chairman have been voted off the board after its largest shareholder ambushed the embattled department store group at its annual general meeting.
Read moreDebenhams sales keep falling, but debt cut as bank talks start
10th Jan 2019 08:19
(Sharecast News) - Debenhams said it had cut debt and begun talks with lenders after a performance over the festive period that the troubled department store group said kept it on track for full year targets.
Read moreWednesday broker round-up
31st Oct 2018 13:07
(Sharecast News) - Auto Trader: UBS upgrades to buy with a target price of 445p.
Read moreMonday broker round-up
29th Oct 2018 13:34
(Sharecast News) - Just Eat: Peel Hunt downgrades to sell with a target price of 520p.
Read moreThursday broker round-up
25th Oct 2018 11:31
(Sharecast News) - Hastings: Numis upgrades to buy with a target price of 295p.
Read moreDebenhams plans to close 50 stores as losses mushroom
25th Oct 2018 07:54
(Sharecast News) - Debenhams unveiled record annual losses and said it plans to close up to 50 of its department stores and withdraw the final dividend in order to preserve cash.
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