Debenhams, China, Colman’s: Everything that matters this morning

Job cuts and store closures likely at Debenhams
Debenhams is facing the prospect of job cuts and store closures following yesterday’s profit warning, issued off the back of poor festive trading.
Sales fell by 2.6% at Debenhams’ established UK stores in the 17 weeks to 30 December, with seasonal gifts and clothing failing to catch consumers’ attention despite heavy discounting.
Meanwhile profits dropped 30% lower than expected as the department store blamed a “volatile an