City&FinanceBriefing more in Debenhams stores. Templeman said: A lot of young customers come to the cosmet- ics hall. We are giving them another reason to shop here. Like-for-like sales slid 3.8% in the six months to the end of August, partly due to disruption after Debenhams replaced concession stalls with its own, more profitable, ranges. Analysts predict pre-tax profits for the year of around 122.4 million, up from 110 million last year. However, Templeman warned that consumer spending remains unpredictable. London Lite Tuesday, 15 September 2009 33 Inbrief Kraft to sweeten Cadbury offer l HOPES for a sweeter offer for Cadbury from Kraft emerged today after the British chocolate groups American stalker said it would be back. In the weeks ahead we look forward to engaging in constructive dialogue with the board and management of Cadbury, said Kraft chief executive Irene Rosenfeld. Krafts original 10 billion offer was rejected. BG finds new oil off Brazil l BG has struck oil yet again in the deep water off the coast of Brazil. Less than a week after categorising last years Guara find in the Santos Basin as a supergiant with recoverable reserves of up to two billion barrels of oil, the explorer said it had made another discovery in Brazilian waters, this time in the Abare West field, 30 miles west of Guara. Hotels slash room rates l UK HOTELS have cut prices an average of 16% as the struggling tourism industry tries to drum up business. Britons paid an average of 83 for a room in the first six months of the year, against 99 a year earlier, according to Hotels. coms index.Travellers from the US and Europe got even cheaper deals because of the weak pound, paying 28% and 22% less respectively. Fund managers crisis pessimism l RESEARCH by business advisers FTI Consulting found 73% of senior fund managers in London dont believe that the global financial crisis has ended. US and Australian investors are also pessimistic, with 76% and 80% respectively claiming there is more pain to come, compared with 62% in Asia and 59% in Europe. Australia Dollars 1.8323 Canada Dollars 1.7126 Denmark Kroner 8.0682 Eurozone Euro 1.0874 Hong Kong Dollars 12.1900 Japan Yen 143.0300 New Zealand Dollars 2.2099 South Africa Rand 11.6400 Sweden Kronor 11.1600 Switzerland Francs 1.6430 UAE Dirham 5.7101 United States Dollars 1.5821 TourisT raTes UP 2.39 at 5022.74 FTse 100 dow jones niKKei -$ UP 21.39 at 9626.80 UP 15.56 at 10,217.62 UP 0.36c at $1.662 >>For all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available dunelm shines in summer DUNELM proved there was life on Planet Retail, as the discount haberdasher and homewares group reported a stunning 16% rise in like-for-like sales over the summer. The group, which sells cut-price furnishings and kitchenware from 85 out- of-town stores and 12 High Street shops, made profits of 53 million in the year to 4 July against 49 million during the same period 12 months earlier. The dividend for the year is up 9% at 6p. Markets climbing year after Lehman collapse ShareS in London edged higher again today on the anniversary of the collapse of Lehman Brothers that sent the stock market into freefall. The FTSe 100 index ticked 3.89 points higher to 5022.74, having rallied from a post- Lehman low of 3512 which it hit in March after months of financial turmoil in the wake of the Lehman disaster. Todays rise came amid a series of warnings that the lessons of Lehman have not been learned -- as illustrated by the return of big bonuses -- and serious reform of the financial system is needed. Chancellor alistair Darling today pledged to force banks to draw up living wills so they can be dismantled more easily in a future crisis. and US President Barack Obama said: We will not go back to the days of reckless behaviour and unchecked excess at the heart of this crisis. Traders said the mood in both London and New York today was in stark contrast to a year ago when the FTSe 100 crashed more than 200 points or nearly 4% on the day Lehman went under. Despite renewed optimism, the Footsie is still below the 5416 it closed at the session before Lehman went under. Darling today outlined plans to introduce new laws this autumn to force banks to produce living wills. Whilst the FSa has got the power to, we are considering whether or not we need to make that more explicit, and in particular, I think we need a timetable, said the Chancellor. designer range is a fashion hit for debenhams BY ROSAMUND URWIN Fashionable: Henry Hollands designs will attract new customers DEBENHAMS said today it expects to beat last years profits despite a drop in sales, thanks to shoppers trading down from luxury labels to its designer range. People who normally buy more expensive brands are recognising the quality of Designers at Debenhams, said chief executive Rob Templeman. Some of our regular customers are trading up, too. This has helped improve margins, he added. Henry Holland, the London Fashion Week designer best-known for slogan T-shirts, was added today to the portfolio of tie-ups in a bid to get teenagers and twentysomethings to spend index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html