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...H&M had backed Renewcell, another textile recycling start-up, but it went bankrupt last month. “It is not easy,” Daniel Ervér, H&M’s new chief executive, told the Financial Times....
...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
...But Robinson, who is MP for East Belfast, challenged his depiction by commentators as a continuity candidate, “I’m my own man,” he said....
...H&M will close more stores than it opens this year, he added....
...So I’m not terribly concerned about rescission, but I recognise that is an option....
...Thanks, Richard. Richard MilneThanks very much....
...Daniel is a competent, experienced and respected leader and has the qualities needed to continue to develop the H&M group,” said Karl-Johan Persson, H&M’s chair and a former chief executive....
...“What I’m fed up with is our entire livelihoods being used as political pawnage....
...Good afternoon from across the Irish Sea where I’m standing in for Peter as he takes a well-earned summer break....
...Thanks, Richard. Richard Waters Well, it’s a pleasure....
...“I’m a little bit worried about this rather belligerent talk about Russia going to test Article 5 [Nato’s collective defence clause], and that Europe is next in line....
...“I have cut back on my international travel, which means I’m in London most of the time, so I’m much more engaged in the work of The Lancet . . ....
...“I feel, in my life, like I’m writing one big piece,” she has said, but it does not sound like that....
...But the restoration of power-sharing and Donaldson’s leadership face at least two known threats....
...I’m standing in for Peter this week — and it’s a good time to look at Northern Ireland since we have a trade delegation from the US in town, the first substantial upset to the operation of the Windsor framework...
...“At the moment, I’m sheriff for only half the county . . . and my arsenal is weaker than other regulators....
...Democratic Senator Richard Blumenthal welcomed a recent agreement for American sports magnates to inject $3bn into the PGA Tour’s commercial operations, and warned of intense scrutiny if the Saudi sovereign...
...Richard McGregorYes, India on the other side. I’m thinking about maritime Asia....
...I’m really proud,” he said. He added that the one thing that defined Supercell was only putting out games that met its high quality standards. “What is the price we are willing to pay for a value?”...
...“I’m proud to see how our ambition to mass produce the world’s greenest battery attracts top-tier financial partners, as global capital is looking to invest in electrification and climate change mitigation...
...But Donaldson has a reputation as a cautious leader. “The longer he dithers, the weaker he is,” said Heenan. “Is his legacy going to be ‘Dithering Donaldson’?’”...
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...In M&A news, consolidation in the US shale oil sector continues, this time with the announcement yesterday of Diamondback Energy’s $26bn tie-up with Autry Stephens’ Endeavour Energy Resources....
...I’m joined now by the FT’s Nordic and Baltic correspondent Richard Milne. Hi, Richard. Richard Milne Yeah, hi there. Marc Filippino So what exactly did Tesla sue over?...
...I’m waiting for an answer.” Kristersson said he was “concerned” about how the summit would unfold....
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