Debenhams share price crashes in response to cash call

Getty stock market data large

Debenhams’ share price plummeted 45% on Friday to 1.59p after the company looked to raise £200m but warned the action may “result in no equity value for the company’s current shareholders”.

The retailer asked current investors for the funds, which it said it would use to restructure the business and help fight off advances from Mike Ashley’s Sports Direct.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now