Debenhams, British Airways, retail sales: Everything that matters this morning

Debenhams sales slump at Christmas as discounting bites
Struggling department store chain Debenhams reported a sales drop over the crucial Christmas shopping period as a “volatile” environment hit performance.
Sales for the 18 weeks to 5 January were down 5.7% on a like-for-like basis, while total transactions were down 3.6% despite a 4.6% increase in digital sales. Debenhams says there is growing evidence customers are seeking out promotions, meaning it had to reinstate some tactic