Shares in fashion retailer H&M jump after Q1 profit surprise
March 30, 2023 at 12:33 PM EDT
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 … Source