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Top related persons:
Fabio Di Giansante - 2 Morgan Stanley - 1 Angelo Meda - 1 Mark Denham - 1 Denham - 1 Kasper Elmgreen - 1 Elmgreen - 1 Carmignac's Denham - 1
Top related locs:
London Milan Swiss MADRID Zara Amundi Inditex . U.S
Top related orgs:
Thomson - 2 Sanofi - 1 Barclays - 1 Banor SIM - 1 Siemens Energy - 1 Volkswagen - 1 Volvo - 1 Asset Management - 1

Search resuls for: "Fabio Di Giansante"


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
☆ Pricing in focus as Zara owner Inditex seeks to maintain its edge over rivals
  + stars: | 2023-09-11 | by ( Helen Reid Corina Pons | Helen Reid | Corina Pons | ) www.reuters.com   time to read: +2 min
Inditex shares have risen around 64% over the past 12 months as the world's biggest clothing retailer successfully passed cost increases on to shoppers and reported record profit margins. But after several U.S. retailers including Macy's and Foot Locker warned of weak consumer spending, fears of an economic slowdown have come back into focus. "I think companies will be more disciplined and will reduce pricing where they think they can gain volumes," said Fabio Di Giansante, portfolio manager at Amundi, which holds shares in Inditex. In the six months to July last year, Inditex's sales increased by 25% and profits climbed by 41% - but that was in comparison with a period marked by COVID-19 lockdowns around the world. According to Bernstein analysts, Inditex's key rival H&M (HMb.ST), set to report third-quarter sales on Friday, has pushed through more price increases than peers over the past year.
Persons: Inditex, Locker, Inditex's, Fabio Di Giansante, Geoffroy De Mendez, De Mendez, Bershka, Massimo Dutti, Bernstein, Amundi's Di Giansante, Helen Reid, Corina Pons, Emelia Sithole Organizations: Macy's, Inditex . Bank of America, Thomson Locations: MADRID, Zara, Amundi, Inditex ., U.S, London, Madrid
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