H&M

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Reuters - 2 days ago

Retailers with highest number of shipments into US East Coast ports

FACTBOX-Retailers with highest number of shipments into US East Coast ports NEW YORK, Oct 3 (Reuters) - The largest dockworker strike in nearly fifty years has entered its third day at U.S. East Coast ports, threatening shortages of goods ranging from bananas to auto parts and causing a backlog of ships anchored outside major ports. Major retailers are implementing back-up shipping plans to ensure goods arrive in time for the peak holiday season.

Reuters - 1 week ago

Big Technologies, Safran, Volution Group

EUROPE RESEARCH ROUNDUP-Big Technologies, Safran, Volution Group Sept 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Big Technologies, Safran and Volution Group on Friday. HIGHLIGHTS * 3I Group III.L : Citigroup raises target price to 4140p from 3850p * Big Technologies Plc BIGB.L : Peel Hunt raises to add from hold * Safran SAF.PA : Jefferies raises target price to EUR 220 from EUR 205 * Solar Foods Oyj SFOODS.HE : Inderes rai

Reuters - 1 week ago

H&M bets on lower prices, trendy clothing to boost holiday sales

H&M bets on lower prices, trendy clothing to boost holiday sales H&M broadens trendy clothing range to attract shoppers CEO Erver says value for money crucial for cautious consumers Star-studded marketing campaign aimed at boosting H&M brand H&M shares fell after it scrapped 2024 margin target By Helen Reid and Marie Mannes STOCKHOLM, Sept 26 (Reuters) - Swedish fashion retailer H&M HMb.ST is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cau

Reuters - 1 week ago

Europe's STOXX 600 clocks all-time closing high on China stimulus boost

UPDATE 2-Europe's STOXX 600 clocks all-time closing high on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 1.3% Sweden's H&M falls after abandoning 2024 margin target Switzerland's Swatch jumps on report of potential delisting Swiss National Bank cuts rate by 25 bps Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 26 (Reuters) - European shares jumped on Thursday, with China-exposed stock

Reuters - 1 week ago

Europe's China-exposed stocks turbocharged on stimulus hopes

LIVE MARKETS-Europe's China-exposed stocks turbocharged on stimulus hopes STOXX 600 up 1% Miners, luxury lead rally China pledges more spending Wall St futures rise Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE'S CHINA-EXPOSED STOCKS TURBOCHARGED ON STIMULUS HOPES European miners, luxury names and tech are getting a considerable boost this morning as optimism around addi

Reuters - 1 week ago

H&M tumbles on Q3 profit miss, dropped margin target

BUZZ-H&M tumbles on Q3 profit miss, dropped margin target Updates shares, adds analysts comments, milestones ** Shares in H&M HMb.ST fall 6.8% after the Swedish fashion retailer abandoned its 2024 operating margin goal and posted lower than expected Q3 profits ** H&M says external factors impacted revenue and purchasing costs more than expected in the quarter, and posts rising costs of markdowns and marketing ** Its Q3 operating profit falls to 3.51 billion Swedish crowns ($346 million) vs 4.93

Reuters - 1 week ago

H&M seen falling as it drops margin target, posts Q3 profit miss

BUZZ-H&M seen falling as it drops margin target, posts Q3 profit miss ** Shares in H&M HMb.ST are seen falling 3% after the Swedish fashion retailer abandoned its 2024 operating margin goal and posted lower than expected Q3 profits ** H&M says external factors impacted revenue and purchasing costs more than expected in the quarter ** Its Q3 operati

Reuters - 1 week ago

European futures bounce as China stimulus optimism persists

LIVE MARKETS-European futures bounce as China stimulus optimism persists Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES BOUNCE AS CHINA STIMULUS OPTIMISM PERSISTS European futures are hinting at a bounce at the open, as stocks get a renewed boost on optimism around China stimulus.

Reuters - 1 week ago

H&M Sees Operating Margin Below 10% This Year

BRIEF-H&M Sees Operating Margin Below 10% This Year Sept 26 (Reuters) - H & M Hennes & Mauritz AB HMb.ST : BOARD OF DIRECTORS HAS DECIDED TO BUY BACK H&M CLASS B SHARES FOR SEK 1 BILLION, STARTING ON 26 SEPTEMBER 2024 AND CONTINUING UNTIL NO LATER THAN 26 NOVEMBER 2024 AT PRESENT WE ESTIMATE THAT THIS YEAR'S OPERATING MARGIN WILL BE LOWER THAN 10 P

Reuters - 1 week ago

H&M abandons 2024 margin target as costs hurt profit

UPDATE 6-H&M abandons 2024 margin target as costs hurt profit H&M scraps goal of 10% operating margin Quarterly operating profit lags expectations September sales expected to rise by 11% H&M shares fall 8% Adds CEO quotes in paragraphs 12 and 18 By Marie Mannes and Helen Reid STOCKHOLM, Sept 26 (Reuters) - H&M HMb.ST scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest list

Reuters - 2 weeks ago

Firms including Amazon to buy $180 million in carbon credits from namesake rainforest

UPDATE 1-Firms including Amazon to buy $180 million in carbon credits from namesake rainforest LEAF's first deal in the Amazon rainforest Para state to allocate proceeds to Indigenous and local communities Amazon, Bayer, BCG, Capgemini, H&M, Walmart to buy 5 million credits at $15 each Updates with official announcement at climate week By Jake Spring SAO PAULO, Sept 24 (Reuters) - Amazon AMZN.O and other companies have agreed to buy carbon offset credits that will support the conservation of its

Reuters - 2 weeks ago

Firms including Amazon to buy $180 million in carbon credits from namesake rainforest

CORRECTED-Firms including Amazon to buy $180 million in carbon credits from namesake rainforest Changes name of purchaser in paragraph 8 to Walmart Foundation By Jake Spring SAO PAULO, Sept 24 (Reuters) - Amazon AMZN.O and other companies have agreed to buy carbon offset credits that will support the conservation of its namesake rainforest in the Brazilian state of Para, in a deal valued at around $180 million.

Reuters - 2 weeks ago

BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB

Reuters - 2 weeks ago

Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead Sept 20 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 26-Sep-2024 06:00 HMb.ST H & M Hennes & Mauritz AB Q3 2024 H & M Hennes & Mauritz AB Earnings Release Start Date Start Time (GMT) RIC Company Name Event Name 25-Sep-2024 05:00 LAT1V.HE Lassila & Tikanoja Oyj Q3 2024 Lassila & Tikanoja Oyj Earnings Release ** All times are

Reuters - 2 weeks ago

Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Sept 20 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 24-Sep-2024 11:00 TENR.MI Tenaris SA Tenaris SA Investor Presentation- London 24-Sep-2024 BMO SMIN.L Smiths Group PLC Full Year 2024 Smiths Group PLC Earnings Release 25-Sep-2024 16:18 EXOR.AS Exor NV Half Year 2024 Exor NV Earnings Release 25-Sep-2024 NTS LPPP.WA L

Reuters - 2 weeks ago

UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec

Reuters - 3 weeks ago

European shares end marginally lower on tech drag; Fed in focus

UPDATE 2-European shares end marginally lower on tech drag; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's Rexel jumps after rejecting $9.4 bln QXO bid UK insurer Phoenix falls on halting sale of unit SunLife STOXX 600 down 0.2% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 16 (Reuters) - Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the in

Reuters - 3 weeks ago

Paul Costelloe takes fashionistas to Paris, Bora Aksu honours mother at London shows

UPDATE 1-Paul Costelloe takes fashionistas to Paris, Bora Aksu honours mother at London shows Adds Bora Aksu show By Marie-Louise Gumuchian LONDON, Sept 13 (Reuters) - Irish designer Paul Costelloe took fashionistas to a fantasy Paris for his spring collection as London Fashion Week got underway on Friday. The 79-year-old mainly stuck to four pastel colours - blue, pink, yellow and green - for the line, called "Le ciel est bleu" (the sky is blue), which also introduced his new bridal l ine .

Reuters - 3 weeks ago

Paul Costelloe takes fashionistas to chic Paris at London Fashion Week

Paul Costelloe takes fashionistas to chic Paris at London Fashion Week By Marie-Louise Gumuchian LONDON, Sept 13 (Reuters) - Irish designer Paul Costelloe took fashionistas to Paris for his spring collection at London Fashion Week on Friday, as the British capital picked up the catwalk season baton. Costelloe, 79, mainly stuck to four pastel colours - blue, pink, yellow and green - for the line, called "Le ciel est bleu" (the sky is blue), which also introduced his new bridal collection.

Reuters - 3 weeks ago

Boohoo's prettylittlething brings back free returns ahead of holidays

Boohoo's prettylittlething brings back free returns ahead of holidays By Richa Naidu LONDON, Sept 11 (Reuters) - The returning boss of Boohoo-owned BOOH.L online fashion retailer prettylittlething.com is bringing back free returns ahead of the holiday season, accepting a drain on profitability widely viewed as necessary to be competitive. On Tuesday, Umar Kamani, prettylittlething.com's (PLT) founder who left the business in 2023, announced his return on X and said: "one of my first changes will

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