DEB.L - Debenhams plc

LSE - LSE Delayed Price. Currency in GBp
2.9900
-0.0960 (-3.11%)
As of 2:49PM GMT. Market open.
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Previous Close3.0860
Open3.1000
Bid2.97 x 209200
Ask3.00 x 471500
Day's Range2.7935 - 3.1780
52 Week Range2.7840 - 32.1400
Volume17,086,162
Avg. Volume15,278,528
Market Cap36.675M
Beta (3Y Monthly)0.85
PE Ratio (TTM)N/A
EPS (TTM)-37.50
Earnings DateApr 17, 2019 - Apr 22, 2019
Forward Dividend & Yield0.03 (51.37%)
Ex-Dividend Date2018-06-07
1y Target Est10.00
  • Is Debenhams plc (LON:DEB) Struggling With Its 3.9% Return On Capital Employed?
    Simply Wall St.10 hours ago

    Is Debenhams plc (LON:DEB) Struggling With Its 3.9% Return On Capital Employed?

    Today we are going to look at Debenhams plc (LON:DEB) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital Employed Read More...

  • Moody's20 hours ago

    Debenhams plc -- Moody's affirms Debenhams ratings and changes outlook to negative

    Moody's Investors Service ("Moody's") has today changed to negative from stable the outlook on the Caa1 corporate family rating (CFR), Caa1-PD probability of default rating (PDR) of Debenhams plc (Debenhams or the company), as well as the Caa1 rating on the GBP200 million due 2021 senior unsecured notes issued by the company. "Today's change in outlook reflects our view that there is a risk that refinancing negotiations may not result in a timely and cost effective solution and thus the process could ultimately culminate in losses for financial creditors", says David Beadle, a Moody's Vice President -- Senior Credit Officer and lead analyst for Debenhams. Last week Debenhams published a Christmas trading update.

  • How to Save Fashion Retail 101
    Bloomberg3 days ago

    How to Save Fashion Retail 101

    The deal gives the chain of fashion stores crucial breathing space, and provides a blueprint that others in the industry are likely to follow as they grapple with online competition and dwindling consumer confidence. The debt-for equity swap will cut gross borrowings to about 500 million pounds ($643 million) from 1.35 billion pounds and reduce annual cash interest payments by about half to about 40 million pounds. Depending on the take up of these new securities, Brait SE, the South African investment company backed by Christo Wiese, will see its controlling stake in the retailer shrink to between 18 percent and 30 percent.

  • Debenhams may close 90 stores, putting 10,000 jobs at risk
    The Independent3 days ago

    Debenhams may close 90 stores, putting 10,000 jobs at risk

    Debenhams is reportedly planning to shut around 90 stores, potentially putting more than 10,000 jobs at risk, as part of a rescue plan. The struggling department store chain, a fixture on high streets for more than two centuries, has said publicly that it plans to shut around 50 stores over three to five years, affecting around 4,000 jobs. Debenhams is understood to be considering all options as it battles falling numbers of shoppers, a large rent bill and intensifying online competition.

  • New Debenhams chairman seeks investor consensus as shares slide again
    Reuters6 days ago

    New Debenhams chairman seeks investor consensus as shares slide again

    Shares in Debenhams (DEB.L), 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. On Thursday, two major Debenhams shareholders - Mike Ashley's Sports Direct (SPD.L) and Middle Eastern investor Landmark Group - forced Chief Executive Sergio Bucher off the board and Chairman Ian Cheshire out of the company following a drop in Christmas sales. Terry Duddy, Debenhams' senior independent director, was appointed interim chairman, and said he would meet with shareholders to understand their concerns.

  • Ashley Leads Coup to Oust Debenhams Chairman, CEO From Board
    Bloomberg6 days ago

    Ashley Leads Coup to Oust Debenhams Chairman, CEO From Board

    The coup led by Ashley, the controversial founder of the U.K.’s largest sporting goods chain, stirred speculation he may look to combine Debenhams with House of Fraser, another struggling retailer he rescued last year. The turmoil comes at a tense time for Britain’s shopping districts, as uncertainty surrounding Brexit and a shift to online purchases hammer brick-and-mortar retailers like Debenhams, which had a particularly tough Christmas season. Chairman Ian Cheshire will leave and Chief Executive Officer Sergio Bucher will quit the board after more than half of shareholders, led by Ashley, opposed them at the annual meeting Thursday.

  • Bloomberg6 days ago

    Here’s What to Watch in European Stocks This Morning

    The yellow metal has restored its place as a haven from market storms, and Goldman Sachs analysts say it will climb to levels not seen for five years. President Donald Trump denied reports that he slammed a table and stormed out of a meeting on ending the shutdown this week, saying he just got up, ``politely said bye-bye’’ and left.

  • Financial Times6 days ago

    [$$] Mike Ashley’s Debenhams coup sets up battle for ailing retailer

    — Debenhams’ biggest shareholder — combined with Landmark Group, another large investor, to vote against the reappointment of Debenhams’ chairman, Sir Ian Cheshire, and chief executive, Sergio Bucher. Sir Ian resigned immediately, Mr Bucher will continue as chief executive, reporting to the board but not sitting on it.

  • Financial Times7 days ago

    [$$] Best of Lex: your weekly round-up

    Does the divorce of Jeff Bezos constitute a financial news story? To Lex it seems obvious that the Amazon founder’s personal upheaval will have little impact on the company he runs. It is true that splitting apart the assets of the world’s richest man could involve Amazon shares. Mr Bezos owns a hefty 16 per cent of the company’s stock.

  • Reuters7 days ago

    Debenhams, fighting for survival, says chairman forced out, CEO off board

    Angry investors forced Debenhams (DEB.L) Chief Executive Sergio Bucher off the board on Thursday, and the chairman out of the company, after another plunge in sales left the department store group fighting for its survival. Two shareholders - Mike Ashley's Sports Direct and Landmark Group - voted against the re-election of both men at the annual general meeting after they earlier said they needed fresh funding to prop up the business. Chairman Ian Cheshire said he would stand down with immediate effect.

  • Billionaire Mike Ashley Has a Message for Debenhams
    Bloomberg7 days ago

    Billionaire Mike Ashley Has a Message for Debenhams

    Ashley will no doubt be blamed for the exit of this City grandee — but it is the right outcome for investors. From the start, Cheshire’s decision to install Bucher as CEO looked like a strange choice. Bucher’s plan, outlined in 2017, put “social shopping” — experiences and razzmatazz — at the heart of the group’s revival.

  • Reuters7 days ago

    Debenhams CEO loses re-election to board, to continue in role

    (Reuters) - British department store Debenhams Plc (DEB.L) said on Thursday Chief Executive Sergio Bucher was not re-elected to the board after two major shareholders voted against him at the general meeting. ...

  • Reuters7 days ago

    British retailers count cost of brutal Christmas trading

    British retailers suffered their worst Christmas since the depths of the financial crisis a decade ago as cautious customers forced high street stores such as John Lewis and Debenhams to slash prices to shift stock. With Britain heading for a potentially messy exit from the European Union at the end of March, consumer spending is drying up, exposing the weakness of many major retailers which are having to sacrifice profits in the quest for sales. "There's no doubt that there was significantly more promotional activity in the market, a combination of consumer confidence and the travails in the marketplace as a whole," said Paula Nickolds, managing director of John Lewis stores.

  • Debenhams rules out borrowing Mike Ashley cash
    Evening Standard7 days ago

    Debenhams rules out borrowing Mike Ashley cash

    Debenhams on Thursday said it did not want Mike Ashley’s help to bolster its coffers as it tries to revive its fortunes. The ailing department store chain is in talks with its lenders to refinance the business, but new finance chief Rachel Osborne made clear that the Sports Direct tycoon “is not a lender”. Ashley, who owns 29.7% of Debenhams, went to war in December with the retailer after it refused a £40 million loan from him.

  • Financial Times7 days ago

    [$$] Opening Quote: not so Super Thursday for M&S, Debs and John Lewis

    Yes, it’s the day they are all calling ‘Retail Super Thursday’! “They” being mainly the Financial Times’ long-suffering retail correspondent and sarcastic news editors, as they brace themselves for yet ...

  • Debenhams, fighting for survival, says chairman forced out, CEO off board
    Reuters7 days ago

    Debenhams, fighting for survival, says chairman forced out, CEO off board

    Angry investors forced Debenhams (DEB.L) Chief Executive Sergio Bucher off the board on Thursday, and the chairman out of the company, after another plunge in sales left the department store group fighting for its survival. Two shareholders - Mike Ashley's Sports Direct and Landmark Group - voted against the re-election of both men at the annual general meeting after they earlier said they needed fresh funding to prop up the business. Chairman Ian Cheshire said he would stand down with immediate effect.

  • Financial Times7 days ago

    [$$] M&S and Debenhams’ recovery efforts fail to deliver

    Investors’ worst fears of more profit warnings at major retailers may have been averted on “Super Thursday” but big chains including Marks and Spencer and Debenhams provided little evidence that their turnround plans were yet working. M&S chief executive Steve Rowe launched his five-year plan to rejuvenate the high-street stalwart in 2016.

  • Financial Times7 days ago

    [$$] Debenhams reports tough trading over Christmas

    Shares fell 4 per cent after the figures came out and the company confirmed that it was in talks with its banks about refinancing loans that expire in 2020. or inject additional equity but had been rejected.

  • Financial Times7 days ago

    [$$] Mike Ashley ousts CEO and chairman from Debenhams board

    Terry Duddy, the senior independent director, will become interim chairman, replacing Ian Cheshire. Former Amazon executive Sergio Bucher will continue to run the company, but will not sit on the board. The dramatic development comes after growing frustration at the management of Debenhams on the part of Sports Direct, which has a 29 per cent stake in the department store group.

  • Debenhams lenders hire FTI to advise on restructuring - Sky News
    Reuters8 days ago

    Debenhams lenders hire FTI to advise on restructuring - Sky News

    (Reuters) - A group of lenders to Debenhams Plc (DEB.L) has hired FTI Consulting to advise on restructuring of the British department store group, Sky News reported https://news.sky.com/story/debenhams-lenders-brace-for-restructuring-amid-retail-crisis-11602690 ...

  • Financial Times8 days ago

    [$$] Christmas trading signals a widening high street divide

    for overexpansion of its stores last year, while Gear4Music’s sales growth was held back only by the capacity of its distribution centre. “Quite a lot of renewed optimism might give the idea that everything is rosy again — but you have to remember that expectations had dropped very low,” said Patrick O’Brien, UK research director at GlobalData.

  • Next Shows Retail May Have Skipped a Meltdown
    Bloomberg14 days ago

    Next Shows Retail May Have Skipped a Meltdown

    Next Plc has kicked off the post-Christmas reporting season with what looks like a pretty decent performance. True, sales in stores were slightly worse than expected, while its forecast for full-year profit has been trimmed slightly.

  • Last-minute demand boosts John Lewis Christmas sales
    Reuters15 days ago

    Last-minute demand boosts John Lewis Christmas sales

    Britain's John Lewis said sales in its department stores rose 4.5 percent in the week ending December 29, boosted by strong demand on Christmas Eve and "a confident start to post-Christmas clearance both online and in shops". Christmas shoppers also spent more on beauty and wellbeing. John Lewis is the first retailer to update on trading at the end of a tough year for a sector that has seen a string of chains going out of business and rival department stores Debenhams (DEB.L) and House of Fraser announcing store closures.

  • Reuters21 days ago

    Big discounts fail to draw UK shoppers to post-Christmas sales

    The number of British shoppers hitting the post-Christmas sales dipped by 4.2 percent year-on-year on Wednesday, offering no relief for struggling stores that had already discounted heavily to encourage spending in the run-up to the holiday. Out-of-town stores and shopping centres were hit harder than towns and cities, but visits to both fell for the third year in a row, according to data for the first hours of trading on the morning after Christmas. Shopping centre visits were down 6.7 percent by midday, market research firm Springboard said, while traditional town and city shopping streets saw a 2.8 percent drop.