Russ sees signs of Europe’s earnings growth picking up

Several successive years of no earnings growth for European corporates could finally be at an end, according to Argonaut’s Olly Russ. The European Income Fund manager tells FT Adviser that despite tail risks such as the fallout from the Volkswagen emissions scandal, a much weaker euro and an improvement in the domestic economy due to rising consumer spending will lead to earnings growth for the first time in four years.