Debenhams PLC (DEB.L)
19 Jan 2018
LONDON, Jan 8 (IFR) - New Look, House of Fraser and Debenhams bonds hit lows on Monday because of financial stress, but the year's first high-yield deal for online property platform Zoopla will test how far concerns around UK consumer names has spread to the market.
LONDON Britain's main stock index and the mid-cap benchmark scaled new peaks on Friday, lifted by a wave of gains across equities worldwide, while a sharp fall in UK car sales hit some motor dealers and insurance stocks.
Jan 5 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON, Jan 4 A rise in oil majors helped pushed the UK's top share index to an all-time high on Thursday but below the level enjoyed by its European peers, as retailers hurt after a Debenhams profit warning and house prices weighed on the real estate sector.
LONDON Department store group Debenhams slashed its annual profit forecast on Thursday after it was forced to cut prices to drive sales of Christmas gifts, illustrating the challenges facing some of Britain's best known retailers.
* Muddies picture for retailers after Next shines (Adds CEO comments, further reaction)
LONDON, Jan 4 A rally in oil majors pushed the UK's top share index to an all-time high on Thursday, though elsewhere retailers were under pressure after a profit warning from Debenhams.
LONDON British clothing chain Next reported better-than-expected Christmas sales, helped by colder weather, sending shares across the sector higher on hopes other retailers have defied forecasts for gloomy festive trading. | Video
LONDON, Jan 4 British retailer Debenhams plc downgraded its profit forecast on Thursday after disappointing trading in the autumn and a poor start to its post-Christmas sale.
* Next leads charge as retail shares rise (Adds detail, CEO, analyst comment, John Lewis numbers, updates shares)
Earnings vs. Estimates
- Gold, silver and bronze medals to my top 3 British retailers!
- Is Debenhams plc doomed due to Asos plc, Marks & Spencer Group plc and Next plc?
- 3 bargain basement stocks: Tullow Oil plc, Debenhams plc and Shire plc
- Why Tesco plc, Debenhams plc and Just Eat plc have 25%+ upside
- Are Vodafone Group plc, Debenhams plc and Admiral Group plc the best dividend stocks EVER?
- Does today's news make Debenhams plc, Pets at Home Group plc and Imagination Technologies Group plc a buy?