H&M shares dip as cool April weather dents sales

Shares in Swedish clothing retailer, H&M fell yesterday after the company said sales in April were hurt by unseasonably cool weather in many parts of Europe.

Sales rose 5% last month at local currency rates, missing the 7.9% average estimate of analysts surveyed by SME Direkt.

Unusually, the company included a commentary with its monthly figures to cite the impact of the weather.