On this episode of Stock Movers:
- H&M profit was buoyed by tighter cost control and demand for its women’s fashion and sportswear ranges in the second quarter, a sign Chief Executive Officer Daniel Erver’s turnaround strategy is finally progressing.
- Shell says it has not been actively considering making an offer for BP, has not made an approach and no talks have taken place with BP with regards to a possible offer, according to a statement. What to watch for in European M&A today:
- The French government wants to open the meal vouchers sector to more competition, as well as making them entirely paperless starting in 2027 and usable on Sundays, Véronique Louwagie, junior minister for commerce and small and midsize businesses, tells RMC radio and Le Parisien newspaper.