JD Wetherspoon warns profits will be at lower end of forecasts
20th Jan 2016 07:50
(ShareCast News) - JD Wetherspoon said like-for-like sales improved in the first 12 weeks of the second quarter but that operating margins would be 1.1% lower than the same period last year due to increased labour costs. But chairman Tim Martin warned that his current view was that profits for this
Read moreLondon open: Equities follow European counterparts in the red amid lack of data
4th Dec 2015 08:26
(ShareCast News) - UK stocks kicked off the final session of the week on a downbeat note, as they followed their European counterparts into the red after the European Central Bank's latest policy measures left investors disappointed. At 0840 GMT, the FTSE 100 was down 0.26% to 6,258.45. The pound, m
Read moreJD Wetherspoon hit by cyber attack
4th Dec 2015 07:12
(ShareCast News) - Pub operator JD Wetherspoon said it was taking action after discovering that some customer and staff information has been accessed in a data hack. The group said on Friday that information was obtained from its old website, which has been replaced in its entirety. It stressed tha
Read moreThursday broker round-up
5th Nov 2015 09:38
(ShareCast News) - Standard Chartered: Macquarie downgrades to underperform. Target price: 550.00p. Quarto Group Inc: Northland Capital Partners initiates new coverage with a buy, sets target price at 350.00p. Howden Joinery Group: N+1 Singer upgrades to buy. Sabmiller: Societe Generale downgrades
Read moreWetherspoon slumps as it warns labour costs could dent profit
4th Nov 2015 08:32
(ShareCast News) - Wetherspoon shares slumped after the pub chain said its operating margin has fallen in the past few weeks and warned that increased labour costs could dent annual profits. For the 13 weeks to 25 October, the operating margin fell to 6.2% from 7.7% in the same period last year due
Read moreJD Wetherspoon full-year profits down 2%
11th Sep 2015 07:33
(ShareCast News) - Full-year pre-tax profits fell 2% to £77.8m at pub group JD Wetherspoon as the company continued to battle competition from supermarkets and restaurant groups. Revenues were up 7.4% to £1.5bn in the year to 26 July 2015 while like-for-like sales rose 3.3%. After exceptional items
Read moreFriday preview: JD Wetherspoon reports full-year results
10th Sep 2015 15:06
(ShareCast News) - JD Wetherspoon's full-year results on Friday are projected to report a dip in adjusted net income and a 7.8% increase in revenue as the pub operator trumps its rivals. The consensus forecast is for annual adjusted net income of £58.55 and revenue of £1.51b. The group also reports
Read moreFTSE 250 movers: Mitchells & Butlers hit by double downgrade, miners lower
16th Jul 2015 14:48
(ShareCast News) - Mid-caps edged higher on Thursday, as an expected interest rate hike from the federal reserve was tempered by strength in the construction, automobile and banking sectors. As of 15:30 BST, the FTSE 250 was trading 0.7% higher at 17,759. Pub group Mitchells & Butlers topped the fa
Read moreFTSE 250 movers: Wetherspoon dips on profit warning, Workspace buoyed rent rise
15th Jul 2015 14:37
(ShareCast News) - Mid-caps were sluggish on Wednesday, with weakness from electronics and energy stocks balanced by promising performances from the real estate, food retail and financial sectors. As of 15:30 BST, the FTSE 250 was trading flat at 17,627. Shares in Wetherspoon plunged after the comp
Read moreLondon midday: Stocks recover ahead of speech by Fed chair Yellen
15th Jul 2015 13:04
(ShareCast News) - London stocks recovered from the losses seen earlier in the day as traders waited on word from Athens regarding the approval of the reform measures demanded by creditors. As of 11:45 the FTSE 100 was 2.92 points higher to 6,756.65 points, although the more UK-focused FTSE 250 was
Read moreBroker tips: Anglo American, Vodafone, Wetherspoon, Just Eat
15th Jul 2015 11:49
(ShareCast News) - Anglo American rose to the top of the FTSE 100 after Credit Suisse upgraded the stock to 'outperform' from 'neutral'. It noted that a wide valuation gap has opened versus peers with the selloff in the stock led by balance sheet concerns rather than earnings. "We think at current
Read moreCanaccord cuts Wetherspoon rating while others reiterate
15th Jul 2015 10:44
(ShareCast News) - Canaccord has moved Wetherspoon's rating from 'sell' to 'hold' while other analysts reiterated views after the pub owner said expected profit to fall. Analysts at Canaccord cut their target price from 720p to 750p, and earnings per share expectations from 9% for the 2016 financial
Read moreWetherspoon shares dive on full year profit announcement
15th Jul 2015 08:32
(ShareCast News) - Shares in Wetherspoon were down 6.87% to 718p at 10:09 BST after the company said pre-tax profit was likely to be lower than the year before. The pub operator said that while sales figures for the full year had increased, cost increases meant pre-tax profit was likely to be down
Read moreWednesday preview: China, Greece, ECB and Fed in focus (in that order)
14th Jul 2015 19:40
(ShareCast News) - Burberry's first quarter figures will make for a very interesting read given the company has the pulse on the demand for luxury goods in several markets in which traders now have a particularly keen interest, not least China. A raft of macroeconomic data from Asia's largest econom
Read moreFTSE 250 movers: Supergroup soars on full-year confidence, Aveva higher on takeover rumours
6th May 2015 13:25
Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following "clearance activity" in the previous quarter, while it expect
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