Debenhams share price crashes in response to cash call

2019-03-25T08:01:00

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.

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