sweden
Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets. Q2 profit falls short of expectationsH&M, the world’s second-largest retailer, announced an operating profit of 7.1 billion Swedish kroner ($672 million) for the March to May period. This figure fell short of the 7.37 billion Swedish kroner anticipated by analysts, according to a poll conducted by LSEG and ci...
Invezz
Nasdaq Stockholm, Nasdaq Inc’s stock exchange in Sweden, has been fined 100 million Swedish kronor ($9.6 million) by the country’s financial watchdog, the Financial Supervisory Authority (Finansinspektionen), over deficiencies in monitoring insider trading violations. The regulatory body found flaws in how Nasdaq Stockholm conducted its trade monitoring during significant company events in 2021 and 2022. Deficiencies in trade monitoringThe investigation by the Financial Supervisory Authority revealed that Nasdaq Stockholm had shortcomings in its processes to prevent, identify, and report insid...
Invezz
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