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Business Analyst to h&m Global Logistics
Permanent · Stockholm
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Sql Developer to Workforce Planning & Scheduling – Business Tech h&m Group
Permanent · Stockholm
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Product Owner – Product Visualization
Permanent · Stockholm
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Power bi Specialist to h&m Group Business Tech
Permanent · Stockholm
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Product Owner – Sap Data Volume Management
Permanent · Stockholm
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Group Manager Group Compliance
Permanent · Stockholm
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Product Area Manager – Ecosystem Platform, Customer Domain
Permanent · Stockholm
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Senior Communications And PR Manager to h&m Group Business Tech
Permanent · Stockholm
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Accounting Business Expert With Sap Experience
Permanent · Stockholm
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Product Area Lead Engineer Within Circular Business Models - h&m Group
Permanent · Stockholm
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Learning And Development Specialist to Business Tech HR
Permanent · Stockholm
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Business Analyst For The h&m Brand Customer Insights & Analytics Team
Permanent · Stockholm
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Tech Oriented HR Business Partner –h&m Group Business Tech
Permanent · Stockholm
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Process And Learning Specialist Within Business Controlling to Assortment Support & Learning
Permanent · Stockholm
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Head of Product Analytics – h&m Business Tech - Customer Domain
Permanent · Stockholm
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Product Area Manager - Business Tech Checkout
Permanent · Stockholm
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Business Expert With Passion For Product Information to h&m Group Business Tech - Customer Domain
Permanent · Stockholm
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Software Engineer to The Network Management & Security Team Within Business Tech
Permanent · Stockholm
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Analytical Engineer to Business Tech, h&m Group
Permanent · Stockholm
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Technical Engineer to Monitoring & Insights Team, Business Tech h&m Group
Permanent · Stockholm
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Data Specialist to Tech Enablement, Business Tech h&m Group
Permanent · Stockholm
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Product Owner – Engagement Engine - Customer Engagement, h&m Group Business Tech
Permanent · Stockholm
By
Reuters API
Published
Jul 30, 2020
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PayPal profit jumps 86% on pandemic-driven online spending shift

By
Reuters API
Published
Jul 30, 2020


PayPal Holdings Inc reported an 86% jump in second-quarter profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic.


Reuters



Net income increased to $1.53 billion, or $1.29 per share, in the quarter ended June 30, from $823 million, or 69 cents per share, a year earlier.

The results reflected an unrealized investment gain worth 58 cents a share and included additional loan loss reserves amounting to 7 cents a share, down from the 17-cent reserve addition in the first quarter.

On an adjusted basis, the company said net income rose to $1.26 billion, or $1.07 per share, from $848 million, or 71 cents per share, a year earlier.

E-spending surged during lockdowns in multiple countries and those who facilitate that -- such as PayPal -- benefited as much as the e-tailers from whom consumers were buying their essentials and discretionary items. And they're likely to continue to benefit with predictions that higher e-spending will carry on, even as physical stores reopen worldwide.

Additional reporting by Sandra Halliday

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