Debenhams Share News (DEB)

Debenhams full-year profit nudges up

(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

TOP NEWS: Debenhams Annual Profit Falls On Costs Despite Revenue Rise

Debenhams annual profit inches up in tough retail environment

LONDON, Oct 27 (Reuters) - Debenhams, Britain's second-largest department store group, said annual profit inched up 0.5 percent as it struggled to grow in a tough retail environment in 2016. The company, whose new chief executive Sergio Bucher started earlier this month, reported pretax pro

Thursday preview: UK GDP, Debenhams finals, Barclays interims

(ShareCast News) - UK economic growth is expected to slow in the third quarter amid uncertainty surrounding the Brexit vote. The Office for National Statistics' preliminary estimate of gross domestic product for the third quarter on Thursday is expected to show 0.3% growth compared to the previous t

UPDATE 1-Fashion brands ignore "endemic" abuse of Syrian refugees in Turkey - watchdog

(Adds ASOS comment in paragraph 10) By Timothy Large LONDON, Oct 25 (Thomson Reuters Foundation) - Big fashion brands are failing to protect Syrian refugees from "endemic" abuse in Turkish clothing factories supplying European retailers, a monitoring group said on Tuesday. Child

Fashion brands ignore "endemic" abuse of Syrian refugees in Turkey - watchdog

By Timothy Large LONDON, Oct 25 (Thomson Reuters Foundation) - Big fashion brands are failing to protect Syrian refugees from "endemic" abuse in Turkish clothing factories supplying European retailers, a monitoring group said on Tuesday. Child labour, pitiful pay and dangerous conditi

Sunday newspaper round-up: GDP, RBS, Anglo, William Hill, bank exit

(ShareCast News) - In the first official reading on how the whole UK economy has performed since the Brexit vote, the Office for National Statistics (ONS) is expected to say growth more than halved from 0.7% in the second quarter to 0.3% between July and September. According to economists polled by

Tuesday broker round-up

(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510

BROKER RATINGS SUMMARY: Merrill Lynch Downgrades Burberry To Neutral

Broker tips: Wood Group, Petrofac, Ashmore, Debenhams

(ShareCast News) - Raymond James initiated coverage of Wood Group at 'outperform' with a 900p price target. It said Wood was in the frontline to take advantage of the oil market recovery it expects. Raymond James said management has weathered the downturn well, preserving the strong balance sheet.

Morgan Stanley downgrades Debenhams on pension deficit woes

(ShareCast News) - Morgan Stanley downgraded Debenhams to 'equalweight' from 'overweight' and cut the price target to 70p from 95p on pension deficit concerns. "When Debenhams reports its prelims next Thursday, we expect the operating results to be routine. We are concerned, however, that these may

UK fashion retailers' sales slump in September heat - BDO survey

LONDON, Oct 7 (Reuters) - Britain's fashion retailers endured a slump in sales in September as unseasonably warm weather deterred sales of autumn and winter collections, industry data showed on Friday. UK high street fashion sales fell 5.9 percent year-on-year in September, according to BDO

UK clothing retailer Bonmarche's shares dive after profit warning

LONDON, Sept 21 (Reuters) - British women's clothing retailer Bonmarche warned on profit on Wednesday as unseasonably hot September weather hit demand, hammering its stock price. Shares in Bonmarche, which predominantly serves the 50 plus women's clothing market, fell up to 31 percent, taki

Most-shorted Morrisons could see burnt fingers for shorters, Cavendish warns

(ShareCast News) - Around 18% of Wm Morrisons' stock is currently out on loan, offering investors the potential for strong gains should the grocer continue to perform as well as its half-year results suggest, a fund manager said on Thursday. The FTSE 100 supermarket is reported to be the second most

Friday broker round-up

(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w