H&M's recovery continues as fourth quarter sales jump 9%

STOCKHOLM (Reuters) - Fashion retailer H&M said on Monday its sales rose 9% in the fourth quarter, putting it on course to increase annual profits for the first time in four years following heavy investment in online and other services to adapt to a changing market. Shares in the world's second-biggest apparel group were up 2% at 1000 GMT, outperforming the wider market in Stockholm .They have now climbed 53% this year on hopes the group has embarked on a road to recovery after slowing footfall..