Debenhams chief exec acquires further shares

Debenhams chief executive Michael Sharp has purchased

an additional 50,000 shares in the retailer, which means he now holds 6,204,579 shares in the department store.

Sharp, who has been in his current role since September 2011, bought the shares at 97.20 pence for a total of 48,598 pounds.

Following the announcement of the transaction yesterday, shares in Debenhams increased 1.4 percent to 97.55 pence on the FTSE 250.