Browse related articlesDebenhams shares rise
Wednesday, January 30 - 2008 at 10:05
British department-store group Debenhams said Milestone Resources, an investment group linked to Dubai-based retailer Landmark, had raised its stake to 9.13 per cent, boosting its share price, reported Gulf Daily News. That was up from the 8.39per cent that Milestone - headed by Micky Jagtiani, the chief of Landmark - held on January 11. Shares in Debenhams, which returned to the stock market in May 2006 at 195 pence apiece but have since fallen as low as 60p as trading deteriorated, were 6.3pc higher, valuing the company at about $1.2bn.
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Amena Bakr, Senior ReporterWednesday, January 30 - 2008 at 10:05 UAE local time (GMT+4)
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