Debenhams, AB InBev, WPP: Everything that matters this morning

Debenhams to close 50 stores amid widening losses
Debenhams is to close 50 of its 166 stores over the next three to five years in the wake of a £491.5m loss.
This is a significant increase on the 10 stores previously earmarked for closure over the next five years and is likely to affect 4,000 jobs according to BBC reports.
Profit posted by the department store chain also plummeted, falling 65% to £33.2m in the year to 1 September. Like-for-like sales during the period declined