Debenhams share price plunge

Shares in Debenhams have plunged after the department store warned of poor sales during the key Christmas period.

It said that it now expects its pre-tax profits for the six months to April 2014 to be £85m, down from £115m in the same period in 2012-2013.

Analysts had been expecting pre-tax profits of £110m for that period.

Emma Simpson reports.