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Tag Archives: H&M

Overnight Market News – September 24, 2009

24-Sep-09

US Federal Reserve Says Economy Improving, but Stresses Intention to Keep Key Interest Rates at Record Lows for Extended Period Citigroup Inc to Consider Shrinking North American Retail Branch Network to Six Metropolitan Areas Germany Lowers Planned Fourth Quarter Debt Sales by 22% on “Improved Funding Conditions” Japan’s Largest Brokerage, Nomura Holdings Inc to Raise [...]

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Hennes & Mauritz Announces Profit Increase

26-Jun-09

Hennes & Mauritz (H&M) AB, Europe’s second-largest clothing retailer, announced yesterday a 6% profit increase, beating 2nd quarter forecasts. Net income for the quarter ended May 31, 2009 jumped to EUR 379M, up from EUR 356M, a year earlier and ahead of analysts’ forecasts of EUR 375M. H&M also stated that currency swings were becoming [...]

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