Tag Archives: JP Morgan

26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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25Mar/15

Telefonica finalise £10bln sale of O2

(BVO) – Negotiations to buy Britain’s O2 have been going on since January.

Now a deal looks certain.

Spain’s Telefonica, owners of O2, have agree to sell to Hong Kong listed Hutchison Whampoa for 10.25 billion pounds.
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