9 Sep 2016 08:31
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Debenhams Share News (DEB)
DEB Share
Price
DEB Share
News
DEB Share
Chat
DEB Share
Trades
DEB
Live RNS
DEB Share
Charts
DEB Broker
Ratings
DEB Directors
Deals
DEB Financial
Diary
DEB
Fundamentals
DEB Short
Positions
DEB
Media
Debenhams Information
- There is currently no data for DEB
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Debenhams rallies as Sports Direct buys House of Fraser
Fri, 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.Sports Direct said in a statement that it has agreed to buy House of Fraser from its administrators for £90m in cash.Chief executive Mike Ashley said: "This is a massive step forward and further enhances our strategy of elevation across the Group. This will benefit both House of Fraser and Flannels in the luxury sector. We will do our best to keep as many stores open as possible. It is vital that we restore the right level of ongoing relationships with the luxury brands. Our deal was conservative, consistent and simple. My ambition is to transform House of Fraser into the Harrods of the High Street."Commenting earlier on reports that Sports Direct was nearing a deal to buy HoF, Neil Wilson, chief market analyst at Markets.com, said: "This would be an exciting development for the retail sector as it could effectively consolidate the two troubled department store chains into a single offering. This appears the only viable solution; combining the operations to reduce overheads and stop competing against each other after a pretty brutal period of sales that has hammered margins."But Chris Beauchamp, chief market analyst at IG, said: "Without root and branch reform, such a combination merely postpones the inevitable." Back in July, Sports Direct posted a big drop in annual profits as it took an £85m hit from its Debenhams stake. The retailer said pre-tax profit fell to £77.5m in the year to 29 April, from £281.6m the year before.At 1605 BST, Debenhams shares were up 1.4% to 11.68p, while Sports Direct was down 0.2% to 406p.
More News
9 Sep 2016 08:15
HSBC downgrades Debenhams on structural concerns
(ShareCast News) - HSBC downgraded Debenhams to 'reduce' from 'hold' but nudged the price target up to 55p from 53p, pointing to long-term structural concerns. The bank said a rally in GBPUSD has supported a rebound in wider sector valuations. However, Debenhams is structurally challenged. It noted
Read more30 Aug 2016 13:10
Broker tips: Smiths Group, AB Foods, Micro Focus
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read more30 Aug 2016 09:52
RBC ups AB Foods, downgrades Sports Direct and Debenhams
(ShareCast News) - RBC Capital Markets upgraded Associated British Foods, but downgraded Debenhams and Sports Direct as it took a look at the European general retail sector. "The general retail sector has bounced back from a post-Brexit selloff. However, we still see opportunities to buy stocks like
Read more22 Aug 2016 16:17
Ireland's Debenhams Retail Ltd exits examinership, 1330 jobs saved
(ShareCast News) - The High Court of Ireland has approved a restructuring programme for Debenhams Retail Ltd, meaning it will leave examinership in Ireland and 1330 jobs will be saved, a report said. Debenhams Retail Ltd is the Ireland subsidiary of Debenhams. Back in May, KPMG's Kieran Wallace was
Read more22 Aug 2016 13:44
FTSE 250 movers: Gold miners weigh against rising builders
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read more7 Jul 2016 16:57
British Land sells London retail building after Brexit vote
July 7 (Reuters) - Property company British Land said it had exchanged contracts to sell a Debenhams store located in London's West End shopping district to a private investor, a sign that deals were still being struck in a sector gripped with concerns around the impact of Brexit. The sal
Read more7 Jul 2016 16:18
Director dealings: Debenhams and NewRiver execs go bargain hunting
(ShareCast News) - A pair of Debenhams directors have dipped into the market as shares in the department store group sank to a seven-year low, while the chief executive of NewRiver Retail has also looked to top up his holdings as the retail property investment group subsided to a 20-month low. Senio
Read more