Debenhams benefits from 'store of the future' concept launch
25th Sep 2018 09:28
(Sharecast News) - Watford is the scene for Debenhams to launch a new department store 'vision of the future', integrating digital features and putting a greater emphasis on services, such as personal shopping and a beauty club.
Read moreSports Direct rules out bid for Debenhams
13th Sep 2018 07:54
(Sharecast News) - Sports Direct clarified overnight that it does not currently intend to bid for Debenhams, in which it has a 29% stake.
Read moreDebenhams still considering 'longer-term options', reviewing non-core assets
10th Sep 2018 08:55
(Sharecast News) - With its shares in freefall following reports that it has called in KPMG to explore restructuring plans, beleaguered department store chain Debenhams put out a statement on Monday in a bid to reassure investors.
Read moreDebenhams appoints Rachel Osborne as new CFO
22nd Aug 2018 07:59
(Sharecast News) - Struggling department store chain Debenhams has appointed former Domino's Pizza CFO Rachel Osborne as its new chief financial officer.
Read moreDebenhams confirms further job cuts
17th Aug 2018 09:54
(Sharecast News) - Debenhams said it will cut up to 200 more jobs in the latest phase of the embattled department store's restructuring plan.
Read moreSports Direct boss shares House of Fraser plans, Debenhams rallies
14th Aug 2018 11:10
(Sharecast News) - Shares in Debenhams jumped on Tuesday on speculation of a takeover by Sports Direct after Mike Ashley pledged to keep most of House of Fraser stores open.
Read moreDebenhams rallies as Sports Direct buys House of Fraser
10th Aug 2018 09:05
(Sharecast News) - Debenhams was on the rise on Friday as Sports Direct - which has a 30% stake in the department store chain - announced the acquisition of House of Fraser.
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreDebenhams beats expectations for Christmas trading
12th Jan 2017 08:09
(ShareCast News) - Debenhams reported better than expected Christmas trading, with like-for-like sales at the department store group strengthening into January and profit margins remaining in line with targets. Group LFL sales in the 18 weeks to 7 January, which represents the first quarter and a ha
Read moreSector movers: Retailers hard hit by woes at Next
4th Jan 2017 15:43
(ShareCast News) - Fashion retailers' shares got whacked after Next posted lower-than-expected sales for the period over Christmas and warned that further weakness may lie ahead. Group sales from the start of November until Christmas Eve shrank 0.4%, as a 3.5% decline in shop sales was largely of
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreDeutsche Bank downgrades Next, Halfords, Debenhams
3rd Jan 2017 08:42
(ShareCast News) - Deutsche Bank cut its stance on a number of UK retailers as it said demand is likely to soften in 2017. "Retail stocks are typically early-cycle but there are risks a prolonged downturn means many could be value traps, particularly as the sector is typically showing average rather
Read moreBarclays to appoint Debenhams chairman as head of UK bank
7th Dec 2016 15:43
(ShareCast News) - Barclays has selected Debenhams chairman Ian Cheshire as its number one candidate to lead its new ring-fenced UK bank as it prepares to adopt a new regulatory framework designed to insulate taxpayers in the event of a future financial crisis, according to a report by Sky News. An
Read moreThursday broker round-up
27th Oct 2016 12:29
(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a
Read moreDebenhams full-year profit nudges up
27th Oct 2016 08:03
(ShareCast News) - Department store chain Debenhams posted a small increase in underlying full-year pre-tax profit on Thursday, but reported profit fell and the company said the trading environment in the second half was more challenging. Underlying pre-tax profit nudged up 0.5% to £114.1m but repor
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