Reminder: Barclays: Consumer outlook – light at the end of the tunnel?

Research evidence excerpt

Reminder: Barclays: Consumer outlook – light at the end of the tunnel?

European Luxury Goods & Specialty Retail: Beyond the boom, 11 May 2026

Global Consumer Stapes: The new rules of the FMCG game, 20 Jan 2026

Meet the Analysts

Emmanuel Cau is a Managing Director and Head of

European Equity Strategy, based in London. His team

produces research aimed at advising institutional

investors on global equity and cross market positioning.

Emmanuel joined Barclays in 2018, having previously

spent 14 years at J.P. Morgan as a global equity strategist.

Emmanuel holds a Master’s in Finance from ESCP Europe

and is a CFA charterholder. He ranked top 3 for Equity

Strategy in the 2025 Extel survey and was the 6th ranked

analyst across all categories, sectors and regions.

View Analyst Page

Warren Ackerman heads our top-ranked European

Consumer Staples team. He has been the #1 ranked

analyst in his sector in the Institutional Investor survey for

the past 3 years. This year he was also voted the #1

individual analyst in Europe across all equity sectors. His

team is top-ranked in Food Producers, Beverages, HPC

and Tobacco. Warren provides broad sector knowledge,

with a wealth of industry contacts. He focuses on deep-

dive research. He is also a columnist for the influential

Grocer magazine. Warren has 25 years’ experience in the

sector. He studied Economics at Exeter University.

Viktoria (Vika) Petrova is a senior research analyst at

Barclays. Vika leads the European Consumer Discretionary

& Retail equity research franchise, where she oversees the

Luxury, General, and Food Retail teams. Key areas of focus

include global cross-sector collaboration, data-led

insights, and deep industry immersion. Vika brings 20

years of experience, including lead analyst roles at Credit