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Consumer CyclicalsHighly SpeculativeMid CapMomentum Trap

UK's Debenhams rises on upbeat profit forecast

** Shares of British retailer Debenhams DEBS.L up 3.6% at 15.1p

** Company expects H1 adj. EBITDA for continuing operations to be higher than the year earlier

** Says all its brands are now trading profitably in terms of adj. EBITDA

** Company is exploring a potential sale of PLT and assessing long-term options for its U.S. and Burnley distribution sites

** Shares down ~55% YTD

 (Reporting by Yamini Kalia in Bengaluru)

 ((Yamini.Kalia@thomsonreuters.com))

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