BUZZ-Street view: Sector winners and losers post UK election

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** Some reactions from analysts across the Street on UK election outcome and likely sector winners and losers

** British Prime Minister Theresa May will form a government supported by a small Northern Irish party after the Tories lost parliamentary majority days before talks on Brexit are due to begin

UK BANKS

Bernstein says election bad news for the banks & that it will be a weak government leading UK into Brexit negotiations -- "the single biggest tail risk for the economy and that can't be good news for the banks"

Morgan Stanley (Xetra: 885836 - news) economists expect easier fiscal policy; say softer Brexit should be positive for 2018+ GDP, benefit for UK banks over time

RBC says the uncertainty created by a hung parliament could mean rates remain lower for longer

UK CONSUMER SECTOR

RBC sees election outcome as a negative for UK exposed businesses with high dollar sourcing costs

UK TRANSPORTATION:

RBC says if the UK election result is perceived to reduce the probability of a hard Brexit, beneficiaries would include Wizz Air (Frankfurt: WI2.F - news) and Ryanair.

Beneficiaries from weaker sterling include National Express (Frankfurt: 888871 - news) and FirstGroup (LSE: FGP.L - news) , from their US operations

UK GAMING

Berenberg says a hung parliament could lead to harsher decisions about gaming machines

Davy Research says "passing anything controversial would be a challenge," in a hung parliament; adds gaming machines are increasingly controversial with on-going media scrutiny

UK UTILITIES

"We view a Conservative/DUP coalition as thematically more favourable, as the threat of Labour introducing more punitive policies has for now receded," RBC says

(Reuters Messaging: tenzin.pema1.thomsonreuters.com@reuters.net; derek.francis.thomsonreuters.com@reuters.net)