Thursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreThursday broker round-up
19th Jan 2017 16:45
(ShareCast News) - G4S: Barclays upgrades to equal-weight with a target price of 260p. Weir: Credit Suisse reiterates outperform, 2200p target. Coca Cola HBC: Goldman Sachs upgrades to buy with a 2120p target. Diageo: HSBC reiterates buy with a 2600p target. Aveva: Goldman Sachs reiterates sell w
Read moreSector movers: UK engineers, travel stocks lead gains
18th Jan 2017 16:19
(ShareCast News) - The incoming newsflow drove the price action, by sectors, on the leaderboard, with cyclical issues figuring large among the best and worst performers of the session. Shares in steel-maker Evraz advanced, alongside gains in Chinese rebar futures in overnight trading from $500.1 per
Read moreWetherspoons sales slow less than expected in second quarter
18th Jan 2017 08:20
(ShareCast News) - Sales slowed and profit margins narrowed at JD Wetherspoon in the second quarter but while the pub group remained cautious its expectations full year results have "slightly improved". Like-for-like sales in the first 12 weeks of the second quarter grew 3.2% and total sales by 0.7%
Read moreWednesday preview: Burberry reports third quarter trading update
17th Jan 2017 13:18
(ShareCast News) - Burberry is expected to report growth in like-for-like retail sales in its third quarter trading update on Wednesday, supported by tourism spending in the UK. The luxury fashion brand will report retail sales only and the focus will be on like-for-like trends. UBS expects a 1% in
Read moreDeutsche Bank initiates Wetherspoon and Restaurant Group at 'sell'
8th Dec 2016 10:49
(ShareCast News) - Deutsche Bank initiated coverage of JD Wetherspoon and Restaurant Group at 'sell' and price targets of 600p and 290p respectively, in a note on pubs groups on Thursday. With the outlook for the UK pubs and restaurant sector is uncertain and assumptions for next year becoming mo
Read moreWetherspoons fizzes in first quarter as Martin rails at EU 'hectoring'
2nd Nov 2016 07:29
(ShareCast News) - Pub group JD Wetherspoon said its outlook for the full year remained unchanged after a first quarter in which like-for-like sales increased 3.5% but dropped 2.3% in the latter five weeks of the period. As the FTSE 250 group opened one new pub and sold nine, total sales increased 2
Read moreWetherspoon shares down after chain cancels Christmas dinner
26th Sep 2016 11:28
(ShareCast News) - Shares in pub chain JD Wetherspoon were down on Monday morning, after the company announced it was bringing the axe down on the traditional Christmas dinner. The FTSE 250 firm said turkey and trimmings would come off the menu this December, and be replaced with a Christmas-themed
Read moreTuesday broker round-up
13th Sep 2016 11:56
(ShareCast News) - GVC Holdings: Berenberg reiterates buy with a target price of 760p. Softcat: Citigroup reiterates buy, 410p target. GlaxoSmithKline: Jefferies downgrades to underperform with a 2300p target. Relx: UBS stays at buy with a 1600p target. GB Group: Citigroup starts coverage at buy
Read moreJD Wetherspoon offers staff chance to move away from zero-hour contracts
12th Sep 2016 09:07
(ShareCast News) - JD Wetherspoon is the latest company to offer staff on casual contracts the chance to become permanent employees after pressure from Trade Union Congress (TUC). Wetherspoon joined Sport Direct and McDonald's in offering staff the chance to move away from zero-hour contracts. The p
Read moreLondon open: Markets edge lower after mixed Chinese data
9th Sep 2016 08:31
(ShareCast News) - Stocks dipped at the start of trading, weighed down by mixed inflation readings in China and as investors continued to mull over the European Central Bank's announcement in the previous session. As of 0825 BST the FTSE 100 was trading 19.04 points lower at 6,840.67, alongside simi
Read moreWetherspoons posts full-year growth as chairman trumpets Brexit
9th Sep 2016 07:09
(ShareCast News) - Pub operator JD Wetherspoon posted its preliminary results for the year to 24 July on Friday, with revenue rising 5.4% to £1.595bn, and like-for-like sales improving 3.4% over the prior year. The FTSE 250 firm's profit before tax was up 3.6% at £77.8m, with operating profit droppi
Read moreFriday preview: Wetherspoon reports full year results
8th Sep 2016 13:56
(ShareCast News) - JD Wetherspoon is expected to report flat full year earnings on Friday after warning that increased labour costs would cut into profit margins. The pub operator in January said that annual profit will be at the low end of market expectations due to higher wage costs. In the tradi
Read moreWetherspoon sales up, sees UK prospects improving after Brexit
13th Jul 2016 07:16
(ShareCast News) - Pub operator JD Wetherspoon reported a rise in sales and said it expects to see an improvement in the UK's prospects following the vote to leave the European Union. For the 11 weeks to 10 July, like-for-like sales rose 4% and total sales were up 3.8%. In the year to date, LFL sale
Read moreJD Wetherspoon now selling takeaway coffee for 99p
18th May 2016 15:44
(ShareCast News) - Pub chain J D Wetherspoon began selling a new product on Wednesday - takeaway coffee. For the princely sum of 99p, caffeine-loving Brits can get their fix at any of the FTSE 100 company's 950 locations in a takeaway cup. The chain already serves coffee to dine-in customers, with
Read more