UK: Debenhams In £100m Share Buy-Back Plan
Retail giant Debenhams said on Wednesday it will buy back £100 million of its own shares as it looks to "accelerate" its new store opening programme. The department store operator said in a statement that the buy-back, which amounts to 8.5 per cent of its issued share capital, will boost its earnings per share as well as allow it to improve its supply chain and increase brand development.
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