Wetherspoon sales rise in Q3, share buyback announced
4th May 2016 09:27
(ShareCast News) - JD Wetherspoon reported a rise in like-for-like sales in the third quarter and announced plans to buy back up to £60m of shares. In the 13 weeks to 24 April, LFL sales at the pub operator rose 3.8%, while total sales were up 5.5%. Year-to-date, LFL sales were up 3.2% and total sa
Read moreRevenue up, profits down as Wetherspoon chairman backs Brexit
11th Mar 2016 07:19
(ShareCast News) - FTSE 250 pubco J D Wetherspoon saw more cash across its bars in the first half of its financial year, with revenue up 6.2% to £790.3m from £744.4m, and like-for-like sales up 2.9%. The company's operating profit was down by 10.8% in the 26 weeks to 24 January, however, to £49.4m,
Read moreLondon pre-open: Stocks expected to bounce back
11th Mar 2016 07:15
(ShareCast News) - London stocks are set to push higher at the open on Friday, bouncing back from the previous session's Draghi-fuelled losses following positive trading in Asia. The FTSE 100 is seen starting 67 points higher at 6,103. "It was the admission by Mr Draghi during the press conference
Read moreFriday preview: Wetherspoon expected to reveal first half earnings decline
10th Mar 2016 12:21
(ShareCast News) - JD Wetherspoon is expected to report a decrease in first half earnings on Thursday as margins decline due to higher salaries. Deutsche Bank (DB) sees earnings before interest, tax, depreciation and amortisation falling 9.1% to £50m and margins dropping 1.1 percentage points to 6.3
Read moreWednesday broker round-up
9th Mar 2016 16:26
(ShareCast News) - Worldpay: Jefferies reiterates buy with a target price of 340p and Goldman Sachs keeps at buy with a target price of 400p. Burberry: HSBC downgrades to hold, 1500p target. Croda International: Goldman Sachs downgrades to neutral with a target price of 3300p. Ashtead: Credit Suis
Read moreThursday newspaper share tips: Tough year ahead for JD Wetherspoon
21st Jan 2016 10:53
(ShareCast News) - JD Wetherspoon is facing a number of challenges, which has prompted The Telegraph's Questor to rate the company at 'sell'. The hospitality business 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
Read moreFTSE 250 movers: JD Wetherspoon slumps on profit warning; WH Smith rallies
20th Jan 2016 14:18
(ShareCast News) - London's FTSE 250 index was down 2.3% to 15,741.87 at 1430 GMT, tracking the broader market as worries about Chinese growth and sliding oil prices kept investors on edge. JD Wetherspoon was the worst performer after the pub group said like-for-like sales improved in the first 12 w
Read moreBroker tips: JD Wetherspoon, WH Smith, Shawbrook
20th Jan 2016 13:07
(ShareCast News) - JD Wetherspoon was under pressure on Wednesday as Investec cut its target price to 760p from 800p after the pub operator guided full year profits lower. In a trading statement, chairman Tim Martin warned that full year profits "were likely to below the lower end of analysts' expec
Read moreInvestec lowers target price on JD Wetherspoon
20th Jan 2016 10:22
(ShareCast News) - JD Wetherspoon was under pressure on Wednesday as Investec cut its target price to 760p from 800p after the pub operator guided full year profits lower. In a trading statement, chairman Tim Martin warned that full year profits "were likely to below the lower end of analysts' expec
Read moreJD 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
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