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...Cotton represents about 60 per cent of H&M’s material needs, while polyester accounts for about a fifth....
...Ervér said his appointment was a matter for the board but that he was confident “that we have a very good direction for where we’re heading” and argued H&M’s strength was its “core business model”....
...The jolt from its earnings also touched off a wider stock market rally, pushing the S&P 500 index above 5,000 to a new record high....
...H&M’s operating margin was 3.9 per cent in the first quarter, more than double what it was a year earlier....
...Warming marine temperatures are a phenomenon that Richard Spinrad, head of the US National Oceanic and Atmospheric Administration (Noaa), has been observing since the 1970s....
...“I’m not saying it’s good but in America you have a lot of AI and no regulation, in Europe you have no AI and a lot of regulation. It’s interesting,” he added....
...Here to talk to me about it now is the FT’s Nordic and Baltic bureau chief, Richard Milne. Hi, Richard. Richard MilneHi there Marc. Marc FilippinoAll right, so just do me a favour....
...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....
...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....
...Partly because it’s been subject to some MainFT scrutiny as a potential M&A candidate recently....
...Much of that status is down to editor Richard Horton, who took on the role 29 years ago when the publication was in a parlous state....
...“I feel, in my life, like I’m writing one big piece,” she has said, but it does not sound like that....
...Dealing with the dividends doubters So, I’m not saying Daniel Peris got lucky....
...“At the moment, I’m sheriff for only half the county . . . and my arsenal is weaker than other regulators....
...Let’s look at the S&P then, right? So you’ve got to be big. You’ve got to be liquid for the S&P 500. You also have to have a certain number of quarters of profitability in order to get in....
...I bought an S&P 500 fund a few weeks later, selling again in September for a tidy 12 per cent profit. I felt smug after share prices dropped almost a tenth over the subsequent two months....
...The most recent one — P&G in 2017 — marked one of the largest, most expensive and most dramatic proxy battles of all time, with Peltz claiming a board seat by a whisker following a recount....
...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....
...This made me feel very glad I’m not a chief executive. All of us are vulnerable to employer whims....
...“Perhaps there’s a bit of establishment pressure being put on the regulator,” he said, adding: “I don’t know, but I tell you what folks, you want to come and pick a fight with me, I’m ready anytime you like...
...Here’s more on the regions driving a nascent recovery in the M&A market....
...“Would I have liked to have seen a new game go out in 2020? Yes. Am I proud that our teams kept the bar high? I’m really proud,” he said....
...“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...
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