UK retailer Debenhams, which holds the record for returns on a UK buyout, this morning saw shares rise slightly on their return to the stock market after being sold at the bottom of their price range last night.

Debenhams shares were issued at 195p, the bottom of the 250p to 195p range, valuing the company at £1.68bn (€2.44bn), and raising £950m for the firm and its private equity backers.