U.K. Equities Should See N-T Bounce, Barclays Says After Polls
2015-05-08 06:18:30.930 GMT
By Gaurav Panchal
(Bloomberg) -- Removal of uncertainty surrounding likely
make-up of next U.K. government, maintenance of something close
to status quo is likely to be beneficial for the overall
direction of U.K. market, Barclays says.
* U.K. has underperformed Europe-ex U.K. in common currency
terms by 3.6% so far this year, that gap may be closed now:
Barclays
* Says companies most closely associated with pre-election
uncertainty should now recover relative underperformance
since March
* Cites Utilities, Banks, Insurance companies, Asset
Managers, Outsourcing Companies, Bookmakers and Defence
Companies sectors
* Barclays UK Election basket: BAE, Prudential, Berkeley,
Rolls-Royce, Capita, RBS, Centrica, Serco, G4S, IG
Group, St. James’s Place, Ladbrokes, Standard Life,
Legal & General, United Utilities, Lloyds Banking,
William Hill, Mitie
* Barclays UK Election basket: BAE, Prudential, Berkeley,
Rolls-Royce, Capita, RBS, Centrica, Serco, G4S, IG
Group, St. James’s Place, Ladbrokes, Standard Life,
Legal & General, United Utilities, Lloyds Banking,
William Hill, Mitie</li></ul>
* Earlier: FTSE 100 futures trade 1.9% higher at open as
Conservative Party’s David Cameron is set to remain prime
minister with an effective majority in Parliament after
pulling off a surprise election victory. Link
Link to Company News:{WMH LN <Equity> CN <GO>}
Link to Company News:{UU/ LN <Equity> CN <GO>}
Link to Company News:{SL/ LN <Equity> CN <GO>}
Link to Company News:{STJ LN <Equity> CN <GO>}
Link to Company News:{SSE LN <Equity> CN <GO>}
Link to Company News:{SRP LN <Equity> CN <GO>}
Link to Company News:{RBS LN <Equity> CN <GO>}
Link to Company News:{RR/ LN <Equity> CN <GO>}
Link to Company News:{PRU LN <Equity> CN <GO>}
Link to Company News:{MTO LN <Equity> CN <GO>}
Link to Company News:{LGEN LN <Equity> CN <GO>}
Link to Company News:{LAD LN <Equity> CN <GO>}
Link to Company News:{IGG LN <Equity> CN <GO>}
Link to Company News:{GFS LN <Equity> CN <GO>}
Link to Company News:{CNA LN <Equity> CN <GO>}
Link to Company News:{CPI LN <Equity> CN <GO>}
Link to Company News:{BKG LN <Equity> CN <GO>}
Link to Company News:{BA/ LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-3525-0511 or
gpanchal2@bloomberg.net
2015-05-08 06:18:30.930 GMT
By Gaurav Panchal
(Bloomberg) -- Removal of uncertainty surrounding likely
make-up of next U.K. government, maintenance of something close
to status quo is likely to be beneficial for the overall
direction of U.K. market, Barclays says.
* U.K. has underperformed Europe-ex U.K. in common currency
terms by 3.6% so far this year, that gap may be closed now:
Barclays
* Says companies most closely associated with pre-election
uncertainty should now recover relative underperformance
since March
* Cites Utilities, Banks, Insurance companies, Asset
Managers, Outsourcing Companies, Bookmakers and Defence
Companies sectors
* Barclays UK Election basket: BAE, Prudential, Berkeley,
Rolls-Royce, Capita, RBS, Centrica, Serco, G4S, IG
Group, St. James’s Place, Ladbrokes, Standard Life,
Legal & General, United Utilities, Lloyds Banking,
William Hill, Mitie
* Barclays UK Election basket: BAE, Prudential, Berkeley,
Rolls-Royce, Capita, RBS, Centrica, Serco, G4S, IG
Group, St. James’s Place, Ladbrokes, Standard Life,
Legal & General, United Utilities, Lloyds Banking,
William Hill, Mitie</li></ul>
* Earlier: FTSE 100 futures trade 1.9% higher at open as
Conservative Party’s David Cameron is set to remain prime
minister with an effective majority in Parliament after
pulling off a surprise election victory. Link
Link to Company News:{WMH LN <Equity> CN <GO>}
Link to Company News:{UU/ LN <Equity> CN <GO>}
Link to Company News:{SL/ LN <Equity> CN <GO>}
Link to Company News:{STJ LN <Equity> CN <GO>}
Link to Company News:{SSE LN <Equity> CN <GO>}
Link to Company News:{SRP LN <Equity> CN <GO>}
Link to Company News:{RBS LN <Equity> CN <GO>}
Link to Company News:{RR/ LN <Equity> CN <GO>}
Link to Company News:{PRU LN <Equity> CN <GO>}
Link to Company News:{MTO LN <Equity> CN <GO>}
Link to Company News:{LGEN LN <Equity> CN <GO>}
Link to Company News:{LAD LN <Equity> CN <GO>}
Link to Company News:{IGG LN <Equity> CN <GO>}
Link to Company News:{GFS LN <Equity> CN <GO>}
Link to Company News:{CNA LN <Equity> CN <GO>}
Link to Company News:{CPI LN <Equity> CN <GO>}
Link to Company News:{BKG LN <Equity> CN <GO>}
Link to Company News:{BA/ LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-3525-0511 or
gpanchal2@bloomberg.net