邀请：专家参与巴克莱顶级活动：英国杂货商讨论

Relevant ResearchIG/HY Grocers: A battle but not a war, 15 April 2025UK Food Retail: Kantar market share - 'Remarksable' result, 28 May 2025M&S (MARSPE): Earnings beat shines through cyber incident cloud, 22 May 2025Meet the SpeakersSteve Dresser, CEO at Grocery InsightSteven Dresser is the owner of Grocery Insight (January 2007-present), a consultancy hefounded which specialises in the UK food retail market.Previously, Steve worked at UK food retailers Sainsbury's and Asda. His retail backgroundis in fresh food and stock availability systems that each retailer employs to keep stock onthe shelves and meet demand. In his role, he carries out category reviews to compare andcontrast each retailer'sofferingon a particular area to provide insight on who is getting itright or wrong and how to drive improvement.Meet the Analysts Karine Elias is a Managing Director in Credit Research atBarclays. Karine has been involved in Fixed Income CreditResearch and dedicated to the Retail and Consumer sectorfor the past two decades. She is responsible for coverageof the Consumer, Retail and Gaming sectors. Karine joinedBarclays in 2010. Prior to that, she held similar roles atRBS and Morgan Stanley. In 2024 she was ranked #1 inRetail/Consumer Products coverage across HY in Europe,and #2 for Retail/Consumer Products in IG, in Extel’sGlobal Fixed Income Research Team Survey.James Anstead is a managing director covering theEuropean Retail sector within Barclays equity research. Hejoined Barclays in 2009afterworking at Citi for theprevious ten years. He has been covering the EuropeanRetail sector since 1999, originally with a focus on the foodretailers but increasingly extending over the general retailnames as well. The team has been consistently ranked inexternal surveys over many years. It ranked #3 in FoodRetail and runner-up in General Retail in the 2024 Extelsurvey. James earned a degree in Modern History atOxford University before qualifying as a CharteredAccountant at PwC in London. View Analyst Page Karine Elias+971 43 621017Barclays Bank, DIFCThis event is intended for Barclays institutional investor clients only. This event is strictly and solelyfor the benefit of the intended recipients. Please do not forward this invitation to any other partywithout written consent from Barclays Research. Barclays' Investment Bankers are prohibited fromattending this event. Participant comments are not for attribution.If your firm is in-scope for research unbundling under MiFID II and you require further informationregarding pricing to participate in this Barclays Research content event, please contact your salesrepresentative. For FICC clients this Event will qualify as Level 1This document is intended for institutional investors and is not subject to all of the independence anddisclosure standards applicable to debt research reports prepared for retail investors under U.S. FINRARule 2242. Barclays trades the securities covered in this report for its own account and on adiscretionary basis on behalf of certain clients. Such trading interests may be contrary to therecommendationsofferedin this report.Any views or opinions by Barclays research analysts have been previously published in researchreports available to our clients on Barclays Live.For analyst certifications and important disclosures including, where applicable, foreignaffiliatedisclosures, and the date and time when the production of each recommendation was completed andfirst disseminated, please refer to the full document(s) included in this email or go to our Researchportal on Barclays Live. To access conflict of interest disclosures relating to issuers covered byBarclays Research, please see https://publicresearch.barclays.com.Barclays Events Terms of Service | Barclays Events Privacy NoticeDisclaimer:BARCLAYSThis communication has been prepared by Barclays.“Barclays” means any entity within the Barclays Group of companies, where “Barclays Group” meansBarclays Bank PLC, Barclays PLC and any of their subsidiaries,affiliates,ultimate holding companyand any subsidiaries oraffiliatesof such holding company.CONFLICTS OF INTERESTBARCLAYS IS A FULL SERVICE INVESTMENT BANK. In the normal course ofofferinginvestment bankingproducts and services to clients, Barclays may act in several capacities (including issuer, marketmaker and/or liquidity provider, underwriter, distributor, index sponsor, swap counterparty andcalculation agent) simultaneously with respect to a product, giving rise to potential conflicts ofinterest which may impact the performance of a product.BARCLAYS POSITIONSBarclays may at any time acquire, hold or dispose of long or short positions (including hedging andtrading positions) and trade or otherwiseeffecttransactions for their own account or the account oftheir customers in the products referred to herein which may impact the performance of a product.FOR INFORMATION ONLYTHIS DOCUMENT IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IT IS SUBJECT TO CHANGE.This