Euro earnings flat in 2002

Thames River's European fund manager Tony Zucker is predicting European corporate earnings could be down by as much as 10% this year and flat for 2002. Zucker, whose fund is offering a 1% discount until 15 November, said this represented a realistic view of the future growth prospects for Europe. He said his view is slightly more pessimistic than the market consensus but points to the fact a number of investment banks are now being forced to downgrade their earnings forecasts Zucker said: 'European economic growth has slowed down quite considerably. Earlier in the year, analysts had...