Lower profit: Shoppers walk past Debenhams store in Oxford Street, London. The company expects pretax profit of 35mil to 40mil, compared with a current market consensus of 50.3mil. — Reuters
LONDON: Debenhams Plc plunged after the British department-store owner, struggling to compete with online rivals, cut its full-year profit forecast and moved to reduce spending on its turnaround efforts.
The company now expects pretax profit of £35mil to £40mil, compared with a current market consensus of £50.3mil.
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