(Il Sole 24 Ore Radiocor) - London, 27 Jun - In European stock market dealings, Swedish retailer H&M dipped 12.97% at 169.40 Swedish crowns in Stockholm dealings after reporting a smaller-than-expected increase in second quarter profits and said it would be more challenging to achieve its full year operating margin guidance of 10%, which it kept unchanged.

Meanwhile shares of the Italian fashion house Brunello Cucinelli jumped 3.91% at 97.05 euros in Milan trade, leading the gains on the FTSE MIB index, after analysts at Stifel raised their recommendation on the stock to "buy" from "hold" and as shares in the European luxury goods sector perform strongly.

Shares of the Italian eyewear manufacturer Safilo jumped 7.13% at 1.0820 euros following Italian media reports it has abandoned efforts to purchase its peer Marcolin. According to analysts at the Italian broker Intermonte, Safilo maintained that the price sought by Marcolin controlling shareholder PAI Partners of 1.3 billion euros was "too high." PAI currently owns 78.5% of Marcolin.

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(RADIOCOR) 27-06-24 18:43:24 (0640) 5 NNNN