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Darius McDermott: Europe's prospects looking up

There is always something wrong in Europe, meaning the negatives often outweigh the positives. Is this changing? ....

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Peak Profit Spells Danger for Europe's Earnings Season

Publishing date: Jul 18, 2021 • 10 hours ago • 3 minute read •
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(Bloomberg) Pain is likely to come down fast and hard for any European company that doesn’t deliver this earnings season.
At least, that’s the early read from a handful of names among the ones that have reported so far.
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Peak Profit Spells Danger for Europe s Earnings Season Back to video
Online-only fashion retailer Asos Plc saw almost a fifth of its market value wiped out in a single day on weaker sales on Thursday. Just Eat Takeaway.com and Siemens Gamesa Renewable Energy SA also tumbled after disappointing investors last week. A sales beat by U.K. trench-coat maker Burberry Group Plc on Friday wasn’t enough to impress investors and the shares fell as much as 5.2%. ....

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