Poor Christmas at Debenhams prompts surprise profit warning

Department store chain shares plunge after disappointing Christmas sales with plan to bring forward job cuts as part of turnaround planDebenhams shares have plunged 20% after the store chain issued an unexpected profits warning after poor festive sales and a failure to entice shoppers to its post-Christmas sale.The department store struck a gloomy tone as it brought forward its Christmas trading update by a week. It also warned that the current UK trading environment was “volatile and high