Investing.com – Denmark stocks were lower after the close on Tuesday, as losses in the Personal & Household Goods, Healthcare and Software & Computer Services sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.76%.

The best performers of the session on the OMX Copenhagen 20 were GN Store Nord (CSE:GN), which rose 11.15% or 25.90 points to trade at 258.10 at the close. Meanwhile, Vestas Wind Systems A/S (CSE:VWS) added 3.71% or 6.08 points to end at 170.20 and Danske Bank A/S (CSE:DANSKE) was up 0.45% or 0.50 points to 111.30 in late trade.

The worst performers of the session were Ambu A/S (CSE:AMBUb), which fell 6.29% or 5.92 points to trade at 88.20 at the close. Pandora A/S (CSE:PNDORA) declined 3.90% or 20.20 points to end at 497.20 and Coloplast A/S (CSE:COLOb) was down 3.63% or 30.00 points to 796.60.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 103 to 46 and 15 ended unchanged.

Shares in Pandora A/S (CSE:PNDORA) fell to 52-week lows; down 3.90% or 20.20 to 497.20. Shares in Coloplast A/S (CSE:COLOb) fell to 52-week lows; falling 3.63% or 30.00 to 796.60.

Crude oil for July delivery was down 0.49% or 0.54 to $109.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.08% or 0.09 to hit $110.69 a barrel, while the June Gold Futures contract rose 1.01% or 18.59 to trade at $1,866.39 a troy ounce.

USD/DKK was down 0.41% to 6.93, while EUR/DKK unchanged 0.02% to 7.44.

The US Dollar Index Futures was down 0.31% at 101.79.

© Reuters. FILE PHOTO: A man walks past Ralph Lauren Corp.’s flagship Polo store on Fifth Avenue in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermid

By Praveen Paramasivam

(Reuters) -Ralph Lauren Corp on Tuesday forecast improved full-year margins as demand for its luxury apparel in its biggest markets in North America and Europe stays strong at a time when inflation is denting profits at major U.S. retailers.

The spending power of higher-income customers has stayed unaffected by higher prices of essentials, and they are now splurging on fashion as they return to old routines and venture out more.

“Our consumers are resilient. They’re at the higher end of income demographics, and they’ve proven through COVID that their desire for the brand has increased,” Chief Financial Officer Jane Nielsen said on an earnings call.

The 55-year-old brand also forecast revenue to increase in high single digits, versus Wall Street’s expectation of a 3.6% increase, according to Refinitiv IBES.

Ralph Lauren (NYSE:RL), which said it could raise prices further to counter increased freight and product costs, forecast fiscal 2023 gross margin to increase 30 to 50 basis points on a comparable, constant currency basis.

Major discount chains, meanwhile, have seen their profits dwindle. Walmart (NYSE:WMT) Inc, Target Corp (NYSE:TGT) and Kohl’s Corp (NYSE:KSS) have reduced their earnings expectations.

Ralph Lauren’s shares fell marginally amid broader declines, after the company also forecast gross margin to be down for the first half of fiscal 2023 due to higher expenses and a strong dollar.

The brand said its forecasts take into account a potentially softer European consumer sentiment and the impact of Chinese lockdowns. But it expects its China business to grow this year.

For Ralph Lauren, which increased its quarterly dividend by 9%, fourth-quarter net revenue rose 18% to $1.52 billion, beating estimates of $1.46 billion. Adjusted per-share profit was 49 cents, above estimates of 36 cents.

“We think the company could hold up well amid the current macro uncertainty (benefiting from return-to-office, return-to-events, etc.),” Wedbush analyst Tom Nikic said.

© Reuters. FILE PHOTO: An orchard is planted near Teviston, California, U.S., October 22, 2021. REUTERS/Stephanie Keith

By Simon Jessop and Karl Plume

LONDON/CHICAGO (Reuters) – Billionaire Tom Steyer and investment partner Katie Hall have led the latest funding round for technology start-up Regrow Ag, which aims to help accelerate the shift to climate-friendly farming.

Their Galvanize Climate Solutions was joined in the $38 million Series B fundraising by Salesforce (NYSE:CRM) founder Marc Benioff’s TIME Ventures and Rethink Impact, alongside existing investors including trader Cargill and Microsoft (NASDAQ:MSFT)’s M12.

Food and agriculture contributes 26% of the world’s total carbon emissions, Regrow says, and is a growing area of focus for companies as they look to reduce their own emissions by greening their supply chains.

To help fix the problem, Regrow, a software-as-a-service (SaaS) company, connects companies and others with farmers, who enrol in various programmes that pay them for adopting farming practices that reduce emissions, preserve soil quality and minimise use of chemicals.

“Agriculture needs resilience not just to put food on our plates today, but to support a liveable planet for future generations,” said Regrow co-founder and chief executive Anastasia Volkova.

Such farming techniques in many cases involve reverting to more traditional practices, common before the advent of industrial-scale farming, but at a cost that many farmers are unwilling to take without financial help.

Companies and others keen to see it happen, such as state-backed institutions, meanwhile, want to be sure they are getting what they pay for and not wasting money on a farmer who hasn’t actually changed methods and cut emissions.

Markets for carbon captured and stored in agricultural soils have struggled to scale up due to systemic problems with measuring their climate benefit and questions about the permanence of carbon captured by intensive row crop farming.

Global croplands and grasslands can capture and store the equivalent of up to 8.6 gigatons of carbon dioxide a year, according to a 2019 report from the Intergovernmental Panel on Climate Change.

Regrow’s technology platform allows farmers to establish a baseline for their carbon emissions and then estimate the likely savings by changing certain practices, such as by tilling the fields less or by introducing livestock to the farm.

After agreeing to make the changes, Regrow uses satellite imaging and remote sensing to check the emissions have been reduced, giving greater assurance to the buyers of the carbon credits that are created as a result.

(This story corrects spelling of Steyer in headline and first paragraph.)