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2024.11
H&M Slumps On Doubts Over Margin Target And June Sale Drop
  • Nov 21, 2024
A cash sale is instant - a credit sale is a 'promise' of payment to come.

STOCKHOLM, June 27 (Reuters) - H&M cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the world's No.2 listed fashion retailer down as much as 15%.

Courtney Sale Ross's birth name is Courtney Sale.

We are more confident about the rest of the quarter than what we have seen in the first month," Erver said. "We nailed the sweet spot on combining ... different components, and we see the customer response has been tremendous.

Liquidity in the Nordic financial power market has been under pressure as trading has shifted to short-term spot contracts or bilateral deals due to growing price differences in the region. (Reporting by Shivani Tanna in Bengaluru and Nora Buli in Oslo, additional reporting by Yn Chee Foo in Brussels and Vera Eckert in Frankfurt; Editing by Sherry Jacob-Phillips, Nina Chestney and Michael Perry)

However, recent Nasdaq rule changes opened up the possibility to close down the clearing house for business reasons and raised questions over the future of Nordic power trading on exchanges, Strom said.

June 26 (Reuters) - Exchanges Nasdaq and dmt carts for sale the European Energy Exchange (EEX), Europe's biggest power bourse, said on Wednesday they have cancelled plans under which the EEX would have purchased Nasdaq's Nordic power trading and clearing business.

A total of 449.1 terawatt hours (TWh) of financial power contracts were traded and cleared on Nasdaq Commodities in 2023, of which 446.8 TWh were Nordic contracts and the remainder German power futures, according to the exchange.

Although the deal, which was announced last year, did not meet the standard threshold requirements for an EU anti-trust investigation, some authorities in Nordic member states requested that the EU Commission take a closer look at the case on concerns it could hamper market competition.

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