Stefan Ingves, governor of Sweden's central bank, defends the bank's decision to cut interest rates, shocking the markets.» Read More
*Q1 pretax 4.7 bln SEK vs consensus 4.4 bln. *Slow start to Q2 as March 1-21 sales rise 9 pct. STOCKHOLM, March 24- Hennes& Mauritz, the world's second-biggest fashion retailer, reported a bigger than expected rise in profits over the last three months but cautioned that the strong dollar would increasingly affect costs this year.
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*Q4 pretax 7.80 bln SEK vs consensus 7.96. STOCKHOLM, Jan 28- Hennes& Mauritz, the world's No.2 fashion retailer, missed quarterly earnings forecasts as it spent heavily on new ranges and websites in its battle with cut-price rivals, a drive it plans to extend in 2015 with a new beauty line. "These are disappointing results, as margins continue to decline," said...
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