H&M January takings rise as cost cutting pays off February 15, 2012 WORLD number two fashion retailer Hennes & Mauritz said yesterday sales at its established stores grew in January for a second consecutive month, by three per cent in local currencies. The budget clothing firm and rivals such as Zara owner Inditex have had to slash prices to shift a build-up of stock caused by unusually [...]
What the other papers say this morning September 20, 2012 FINANCIAL TIMES EU faces bacon shortage as herds fall A global shortage of bacon beckons as European farmers continue to cull their pig herds in the face of higher feed prices, an industry association is warning. Data showing the EU pig herd is declining “at a significant rate” in a trend mirrored around the world [...]
What the other papers say this morning September 20, 2012 FINANCIAL TIMES EU faces bacon shortage as herds fall A global shortage of bacon beckons as European farmers continue to cull their pig herds in the face of higher feed prices, an industry association is warning. Data showing the EU pig herd is declining “at a significant rate” in a trend mirrored around the world [...]
H&M continues with its expansion as profits fall January 26, 2012 HENNES & Mauritz has pledged to continue its aggressive expansion into new markets despite revealing a surprise fall in fourth quarter profits, as high cotton prices and a strong Swedish currency take their toll. The world’s second largest clothes retailer reported a five per cent drop in pre-tax profits to SEK6,802m (£640.8m), missing analyst expectations [...]
What you need to know before the open – 08/01 January 8, 2014 European markets are set to open flat this morning, as US employment data and Fed Open Market Committee meeting minutes are due out later today. European opening may be reflective after rudderless rally yesterday – FTSE -2, DAX -14, CAC -4 — David Buik (@truemagic68) January 8, 2014 Strong US data yesterday gave [...]
London’s Night Tube could see property prices jump November 21, 2013 Great news if you own London property. Maybe not so great if your rent is already eating up half of your wages. An impact study by GVA found that the Crossrail transport project would increase "residential and commercial value of as much as £5.5bn along the route between 2012 and 2021". The availability of a [...]
What the other papers say this morning February 22, 2013 FINANCIAL TIMES Brussels turns up pressure on Libor Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe’s top competition authority as it expands the scope of its probes. In a speech on Friday in Paris, the EU’s competition commissioner will stress his determination to pursue the cases and [...]
H&M in same store sales dip November 15, 2011 SWEDISH fashion group Hennes & Mauritz yesterday posted a second straight monthly fall in sales at established stores in October as the debt crisis in the Eurozone pushed consumer sentiment even lower. H&M said same-store sales in October fell two per cent. Total turnover for H&M, including newly opened stores, rose eight per cent in [...]
BEST of the BROKERS June 14, 2012 H&M Liberum rates the fashion chain “sell” with a target price of SEK170. The broker thinks H&M will struggle to leverage costs and maintain its gross margins in a tough time for European clothes retailers. But it expects like for like sales to rise 1.3 per cent at the firm’s quarterly results on Wednesday. TUI [...]
H&M swoops on Carnaby St November 1, 2011 SWEDISH Fashion retailer H&M yesterday signed for the first UK stand-alone stores for its Monki and Cheap brands on London’s Carnaby Street. West End property company Shaftesbury has let its two newly-built stores for a ten year term, which will produce a total rental income of £965,000 per year. Last month H&M took full control [...]