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Debenhams Share News (DEB)

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Odey Asset Management Now Holds Over 5% Interest In Debenhams (ALLISS)

Wed, 27th Mar 2019 12:05

LONDON (Alliance News) - Debenhams PLC on Wednesday said that Odey Asset Management LLP now holds a 5.23% interest in the company.

Odey's stake in the department store chain operator prior to Tuesday's deal, if any, was not disclosed.

Debenhams shares were trading more than 50% higher at 3.34 pence each on Wednesday around midday after Sports Direct International PLC priced a proposed offer for Debenhams at 5p per share valuing the firm at GBP61.4 million.

Shares in Debenhams closed at 2.198 pence on Tuesday, giving the company a market capitalisation of just under GBP27 million. This is less than half what Sports Direct is considering offering.

More News

13 Sep 2018 07:54

Sports Direct rules out bid for Debenhams

(Sharecast News) - Sports Direct clarified overnight that it does not currently intend to bid for Debenhams, in which it has a 29% stake.

10 Sep 2018 17:14

LONDON MARKET CLOSE: FTSE 100 Finishes Flat After Barnier Boosts Pound

LONDON (Alliance News) - The FTSE 100 just about managed to end Monday's session in the green, lagging European peers as an afternoon jump in the pound weighed on the foreign earnings-heavy an in

10 Sep 2018 13:25

TOP NEWS: Debenhams Expects Profit In Line With Market Range

LONDON (Alliance News) - UK department store chain Debenhams PLC said Monday it expects to post an annual profit in line with the current market range despite deteriorating market in the store 10%

10 Sep 2018 12:02

LONDON MARKET MIDDAY: FTSE 100 Up; GDP Reading Fails To Inspire Pound

LONDON (Alliance News) - The FTSE 100 climbed higher at midday on Monday, while the pound failed to benefit from a better-than-expected gross domestic product reading out the UK on Monday.WM

10 Sep 2018 10:39

WINNERS & LOSERS SUMMARY: RPC Group Surges Amid Takeover Talks

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------WM Morrison up

10 Sep 2018 09:33

PRESS: Debenhams Mulling Store Closures As It Looks To Restructure

LONDON (Alliance News) - Department store Debenhams PLC has asked KPMG to look at restructuring plans that could lead to store closures, the Financial Times reported on Monday.The options a

10 Sep 2018 08:55

Debenhams still considering 'longer-term options', reviewing non-core assets

(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.

29 Aug 2018 09:23

Dunelm Non-Executive Director Departs To Become Debenhams Finance Boss

LONDON (Alliance News) - Dunelm Group PLC on Wednesday said Non-Executive Director Rachel Osborne has resigned immediately after her appointment as chief financial officer at fashion retailer was

22 Aug 2018 08:40

Debenhams Appoints Former Domino's Finance Boss Osborne As CFO

LONDON (Alliance News) - Department store chain Debenhams PLC said Wednesday that it appointed Rachel Osborne as chief financial officer, with effect from September 17.Osborne previously as

22 Aug 2018 07:59

Debenhams appoints Rachel Osborne as new CFO

(Sharecast News) - Struggling department store chain Debenhams has appointed former Domino's Pizza CFO Rachel Osborne as its new chief financial officer.

22 Aug 2018 07:39

LONDON MARKET PRE-OPEN: CFO Hires At Capita, Intertek And Debenhams

LONDON (Alliance News) - Stocks in London are set to open lower on Wednesday, with focus on minutes from the Federal Open Market Committee released later in the day ahead of the keenly-awaited Hole a

17 Aug 2018 09:54

Debenhams confirms further job cuts

(Sharecast News) - Debenhams said it will cut up to 200 more jobs in the latest phase of the embattled department store's restructuring plan.

14 Aug 2018 11:10

Sports Direct boss shares House of Fraser plans, Debenhams rallies

(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.

10 Aug 2018 12:16

LONDON MARKET MIDDAY: Pound Remains Weak Despite Pickup In UK Economy

LONDON (Alliance News) - London stocks traded largely in the red on Friday, but a depressed pound kept the foreign-earner heavy FTSE 100 from experiencing the steeper losses seen on European index or

10 Aug 2018 09:05

Debenhams rallies as Sports Direct buys House of Fraser

(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.