FTSE LIVE: Debenhams boss to quit; Shopper numbers pick up; TSB to refund fraud victims

FTSE LIVE: Debenhams boss under pressure to quit; High Street visitor numbers pick up; TSB vows to refund victims of fraud

  • Shopper numbers picked up in March, a report says, thanks to the weather 
  • Debenhams boss Sergio Bucher could be forced to quit as soon as today 
  • High Street lender TSB has lifted the lid on a new ‘fraud refund guarantee’  

Debenhams chief executive Sergio Bucher is expected to step down as the troubled department store chain enters a new phase under the ownership of its lenders.

In other retail news, the number of shoppers visiting stores in March was 1.4 per cent higher than the same time last year when the Beast From the East pummelled many UK high streets, a report has found. 

And TSB has become the first retail bank to guarantee customers that they will be refunded if they fall victim to fraud.  

High Street: Shopper numbers were up in March thanks to warmer weather, Springboard said, but that won't help the boss of Debenhams, who looks set to step down

High Street: Shopper numbers were up in March thanks to warmer weather, Springboard said, but that won’t help the boss of Debenhams, who looks set to step down 

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