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Top related persons:
Morgan Stanley - 1 Angelo Meda - 1 Mark Denham - 1 Denham - 1 Kasper Elmgreen - 1 Elmgreen - 1 Fabio Di Giansante - 1 Carmignac's Denham - 1
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Milan Swiss London
Top related orgs:
Sanofi - 1 Barclays - 1 Banor SIM - 1 Siemens Energy - 1 Volkswagen - 1 Volvo - 1 Asset Management - 1 Euroland Equity - 1

Search resuls for: "Mark Denham"


2 mentions found


☆ Investors deliver harshest punishment for earnings warnings in 16 years
  + stars: | 2023-10-27 | by ( Lucy Raitano | ) www.reuters.com   time to read: +4 min
Barclays (BARC.L), a big UK lender, fell as much as 8% after signalling major cost cuts because of weakness on its home turf. Mark Denham, head of European equities at Carmignac, said high quality companies with high valuations tend to be very vulnerable if they miss earnings. According to Kasper Elmgreen, CIO at Nordea Asset Management, the fact that the economy is now starting to slow is one factor behind investors' harsh treatment of earnings disappointments. Amid the volatility, some investors see a buying opportunity in overly punished stocks. It is an example of a highly valued stock being extra punished for the environment," Denham said.
Persons: Morgan Stanley, Angelo Meda, Mark Denham, Denham, Kasper Elmgreen, Elmgreen, Fabio Di Giansante, Carmignac's Denham, Danilo Masoni, Alun John, Joice Alves, Amanda Cooper, Hugh Lawson Organizations: Sanofi, Barclays, Banor SIM, Siemens Energy, Volkswagen, Volvo, Asset Management, Euroland Equity, pharma, Thomson Locations: Milan, Swiss, London
☆ Europe's luxury stocks have room to rise, but becoming costly
  + stars: | 2023-01-31 | by ( Lucy Raitano | ) www.reuters.com   time to read: +5 min
REUTERS/Sarah Meyssonnier/FilesLONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. An index of European luxury goods retailers (.dMIEU0TA00PUS) has rallied around 18% so far this year, outperforming the wider pan-European STOXX 600 (.STOXX), which is up 6.2% in the same time frame. But the fact that luxury goods companies are not as cheap as they once were is a "concern/point of attention", said Kasper Elmgreen, Head of Equities at Amundi, Europe's largest asset manager. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50% priced in. These shares have more room to run higher as Chinese consumers hit the shops again and luxury companies flex their pricing power.
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