Stock Movers Shell Up, H&M Gains, Edenred Rises
Jun 26, 2025
H&M shows remarkable profit growth thanks to effective cost control and rising demand for women's fashion and sportswear. Meanwhile, Shell quashes rumors about a potential bid for BP, stating there's been no communication on that front. In an interesting twist, the French government plans to shake up the meal voucher sector, aiming for a paperless system by 2027 that will also allow Sunday usage. Stay tuned for insights into these intriguing market movements and the potential implications for investors!
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Shell Rules Out BP Bid
- Shell dismissed rumors of a BP takeover bid, citing recent strategic shifts focused on fossil fuels.
- Analysts view a BP acquisition as too risky amidst Shell's pivot, limiting deal chances.
H&M Earnings Beat Expectations
- H&M's second-quarter profit rose on improved women's wear sales and tighter cost control.
- Shipping costs fell, boosting margins and leading to H&M's best market performance since April.
French Meal Voucher Reform Benefits Edenred
- France plans to fully digitalize meal vouchers by 2027 and allow Sunday usage, increasing accessibility.
- No fee caps were announced, relieving uncertainty for providers like Edenred, boosting their shares.