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Thursday, November 14, 2024

Shares in fashion retailer H&M jump after Q1 profit surprise

STOCKHOLM, March 30 (Reuters) – Shares in H&M (HMb.ST) jumped 15% to a 10-month high after the fashion retailer reported a surprise operating profit for its first quarter due to a one-off gain and as cost-cutting measures started to bear fruit despite consumers curbing spending. While H&M showed …

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