This Barclays morning research summary covers rating changes and insights across European equities including banking, chemicals, consumer staples, and industrials as of June 12, 2026.
Key Takeaways
- 1.European/Nordic platforms showing sector-leading earnings growth; initiation of flatexDEGIRO at Overweight.
- 2.Unipol acquisition is viewed as transformational and accretive to earnings and dividends by 2030E.
- 3.Metals and mining sector shows divergent copper production in Chile/Peru with downside risks to consensus.
Table of Contents
- European Morning Research Summary
- Summary of Changes
- Company Research
- Industry Research
- Publications Summary
- Evonik: Key Takeaways from House of Care in Essen
- Global Metals & Mining: Chile/Peru copper production: divergence continues
- Barry Callebaut: Look for +3.5% Q3 volume
- Kerry Group: Key takeaways from Leipzig
- Lindt & Spruengli: H1-26 Preview: Tale of two regions
- European Consumer Staples: India Consumer Health: The next battleground
- Global Nicotine: Key takeaways from our call with Will Woodlee
- Shell Plc: An inflection point – five reasons to buy now
- Unipol: Highly accretive, strategically compelling deal
- EU/Nordic Platforms: Growing gains; initiate flatexDEGIRO at OW, u/g Avanza to OW
- AbbVie Inc.: Why BE BOLD, when you can still be number one?
- BIIB/LLY/BMY: Barclays Alzheimer's KOL Call: US takeaways
- Global Biopharma: Alzheimer's Disease KOL Call Prep Pack
- Halma: Photonics guide set low; fundamentals remain strong
- Renault SA: Model update and recap: Strong bones, but no real catalysts
- SKF AB: Need more patience
- Wizz Air: A daunting year in store, but existential doubts fade
- Capital Goods: China Industrial Trip – Day 4
- European Airlines: Europe - Asia / Africa fare strength fades
- European Airports: 2026 Edition SOTP valuation
- European Week Ahead: 15th June – 19th June and beyond
- Marine Monthly – June 2026: Orderbooks still up MoM. Tankers creating congestion at Panama canal
- U.S. Autos & Mobility: Auto reads from the expected USMCA non-renewal
- M6/ TF1: Model update
- LVMH: 2Q26 Preview: Expecting FLG at 0.7%
- Whitbread PLC: Q1 27 Preview: Not a Material Event
- Global Semiconductors & Semiconductor Capital Equipment: 2026 Investor Guide
- European Telecom Services: 1Q26 Wrap - Defensive and optionalities
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Katie RichardsAlex Sloane
Securities
AVANZ.STRDShell
Themes
AI Impact on IndustrialsCopper Production Divergence
Regions
EuropeNorth AmericaChilePeruIndia