Friday 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
Read moreWetherspoon serves up lukewarm like-for-like growth
6th May 2015 09:45
Like-for-like sales growth at pub chain JD Wetherspoon continued to slow in the third quarter, with margins also watered down by increased breakfast promotions. The FTSE 250 group, which operates over 900 pubs across Britain, said like-for-like sales rose 1.7% in the three months to 26 April. This
Read moreBroker tips: M&S, Persimmon, JD Wetherspoon
2nd Apr 2015 11:46
Shore Capital has maintained a 'hold' rating on Marks & Spencer but has hailed the retailer's latest trading update, which showed an unexpected return to growth in general merchandise sales in the fourth quarter. "At this juncture we believe it is wise for us to watch and wait to see if there is a f
Read moreCanaccord cites weak margins at Wetherspoons, cuts target price
2nd Apr 2015 11:43
Canaccord Genuity has decided to retain its 'hold' stance on pub operator JD Wetherspoon after putting it under review, but has lowered its target for the share price from 800p to 750p. The move follows last month's interim results which showed that like-for-like sales momentum at Wetherspoon had sl
Read moreLondon close: FTSE jumps 1.6% after business-friendly Budget, Fed meeting ahead
18th Mar 2015 16:41
Those expecting little market reaction to the Budget on Wednesday were probably left surprised, with stocks in the energy, financial, housing and consumer staples sectors leading the surge in London following George Osborne's statement. Dovish comments from Bank of England policymakers were also buo
Read moreShares in UK listed booze makers and pub owners advance after duty relief
18th Mar 2015 15:27
Shares in UK listed pub landlords, brewers and beverage companies all added gains on Wednesday after UK chancellor George Osborne decided to cut duty on beer by 1p for the third successive time in his budget. "Today I am cutting beer duty for the third year in a row - taking another penny off a pint
Read moreFTSE 250 movers: Afren plummets on looming dilution, Diploma higher on Kubo deal
13th Mar 2015 13:47
Shares in Afren tumbled after the struggling oil and gas group proposed a debt-for-equity swap with creditors to address its funding needs and recapitalise . The company said it "will result in substantial dilution for existing shareholders", and if shareholders don't approve the plan, the company w
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