Hennes’ sales up

Sales by Swedish clothing chain Hennes and Mauritz increased by 9 percent in June compared to the same month last year.

The increase was not good enough for analysts, however, who had expected more. According to a survey by Reuters, analysts had on average expected a sales increase of 12.5 percent.

Sales in May increased by 13 percent.

News agency AFX said H and M shares were expected to fall in opening trading on Monday.