Walker Crips pair buy Barclays for first time in four years

Walker Crips managers Steve Bailey and Jan Luthman have re-introduced Barclays to their portfolios for the first time in nearly four years.

They have added 2% positions in the bank to the Equity Income and UK Growth portfolios after a recent setback in the share price, Bailey says. "We have recently been buying Barclays as we view it as a real force in the global capital markets space. We think it is a leading player. There are some headwinds in the UK domestic market but we are holding it for exposure to global capital markets." The duo last held the bank in June 2007 and the only other bank on the portfolios is HSBC, which they have held for the past six months. Bailey says they have increased exposure to mining comp...