Debenhams Beats Estimates But Cuts Margin Target

Debenhams Plc, the U.K.’s second-largest department-store chain, reported Christmas sales that exceeded estimates and cut its forecast for full-year margin growth as it stepped up promotions to gain shoppers.

Fed's Yellen: Persistent Strains Could Weigh on Outlook
08:19 - Federal Reserve Chair Janet Yellen testifies about monetary policy and the U.S. economy before the House Financial Services Committee. She speaks on "Bloomberg Markets." (Source: Bloomberg)
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