Debenhams must be quicker in revealing what's in store | Nils Pratley

Despite saying it is well equipped for choppy waters the board has to be prepared for fresh stormsPhew, there will be no catastrophe at Debenhams imminently. The department store chain was silly to wait until lunchtime, by which time its share price had fallen 17%, to attempt a few reassuring words but at least the board addressed some key points eventually. Pre-tax profits this year will be about £33m before one-offs, which is a miserable return but no worse than predicted in June. The de