Debenhams' share price climbs 42% following Sports Direct news

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Debenhams’ share price rocketed 42% to 2.2p on Tuesday after Sports Direct continued its approaches, announcing it was considering a cash offer for the struggling department store.

Last week Debenhams announced a £200m cash call, which it said will allow it to restructure the business but risked wiping investors’ capital causing its share price to collapse.

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