Investors not sold on H&M revenue growth figures

Sweden’s H&M, the second-biggest fashion retailer in the world, has reported its steepest sales growth in three years in local-currency terms in its third quarter and said that its summer collections had been well received.

Sales before currency fluctuations were up 8% in the three months to the end of August from a year earlier. It was the fifth consecutive quarterly rise, and matched the 8% recorded in the third quarter of 2016.