H&M decides to buy back own shares for SEK 1 billion

The board of directors of H & M Hennes & Mauritz AB has decided to utilise the authorisation granted by the 2024 annual general meeting to acquire the company’s own B shares, in order to transfer capital to the shareholders and adjust the company’s capital structure.

The share buyback programme will be carried out in accordance with the EU Market Abuse Regulation (MAR) and Commission Delegated Regulation (EU) 2016/1052 (the so-called Safe Harbour Regulation). Acquisitions of shares will be managed by an investment firm or credit institution that makes its trading decisions regarding the

Continue reading

H & M Hennes & Mauritz AB Nine-month report 2024

THIRD QUARTER (1 JUNE 2024 – 31 AUGUST 2024)

· The H&M group’s net sales in the third quarter amounted to SEK 59,011 m (60,897). In local currencies net sales were flat compared with the previous year.
· Gross profit amounted to SEK 30,133 m (31,015). This corresponds to a gross margin of 51.1 percent (50.9).
· Selling and administrative expenses increased by 1 percent to SEK 26,602 m (26,271). In local currencies the increase was 4 percent.
· Operating profit amounted to SEK 3,507 m (4,739), corresponding to an operating margin of 5.9 percent (7.8). Excluding currency

Continue reading

Texicare Collaborates with Tempopay to Streamline Health Care Payments for Small Business Groups in Texas

TempoPay, a flexible payment solution designed to bridge the affordability gap in healthcare, has partnered with Texicare, the health affiliate of Texas Mutual. This collaboration aims to enhance financial accessibility for healthcare services, providing innovative solutions for consumers. Explore how TempoPay and Texicare are working together to improve healthcare affordability and support better health outcomes.

Continue reading

Newbie expands in the UK market

The Kappahl Group’s brand, Newbie, continues its growth journey with the opening of three new stores in the London area this autumn. This expansion is part of Newbie’s strategy to establish more standalone stores in the European market.
[image][image]

Newbie first launched in the UK in 2017 and currently operates four stores. Starting this autumn, that number will increase to seven with the addition of three new locations across the London area. The new stores will open in Canary Wharf, Brent Cross in London, and Guildford, just outside of London.

“We see great potential in the UK

Continue reading

U.S. Postal Service and Toys ‘R’ Us Team Up for Festive Gift Deliveries

Boost Your Holiday Spirit with USPS Operation Santa: Join Geoffrey the Giraffe and the Toys ‘R’ Us Team!

The U.S. Postal Service is enhancing its annual Operation Santa program by introducing Geoffrey the Giraffe and the Toys ‘R’ Us team. This heartwarming initiative allows U.S. households to “adopt” letters from those in need during the holiday season, spreading joy and generosity. Get involved this year and make a difference in your community!

Continue reading