"In the FTSE 250, short-sellers closed out of Debenhams, up 9p to 68p, even though UBS cut its price target to 55p and said there was a risk of a rights issue to avoid breach of bank covenants. There is the chance of a bid from the shareholder Baugur or the Middle Eastern group Landmark."
http://business.timesonline.co.uk/tol/business/markets/article3594241.ece