Debenhams eyes options as shares take a tumble

Debenhams issued another profit warning as it thrashes out a restructuring deal with landlords, local authorities, and creditors which will lead to it closing at least 50 stores.

Shares in Debenhams, which has struggled to keep pace with consumers moving online, fell sharply after it said it was no longer on track to hit an annual profit target of £8.2m (€9.5m) set in January.