London midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreMARKET TALK: Panmure Reduces JD Wetherspoon Target Price
14th Jul 2010 11:56
1056 GMT [Dow Jones] Panmure Gordon reduces JD Wetherspoon (JDW.LN) target price to 580p from 594p to reflect slightly harsher macro-economic conditions. Cuts '10 EPS forecast to 34.63p from 34.92p and '11 to 39.02p from 40.4p. Notes this morning's in-line pre-close statement with like-for-like sale
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 11:56
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1056 GMT [Dow Jones] Panmure Gordon reduces JD Wetherspoon (JDW.LN) target price to 580p from 594p to reflect slightly har
Read moreLondon open: Modest gains for Footsie
14th Jul 2010 08:49
Footsie has made progress after a cautious start, though BP's recent good run has come to an end while derivatives broker ICAP is lower after a cautious statement. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while reports today said US politicians now want t
Read moreUPDATE: JD Wetherspoon Returns To Sales Growth In Fourth Quarter
14th Jul 2010 08:34
(Adds comment from the CFO) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group J.D. Wetherspoon PLC (JDW.LN) Wednesday returned to sales growth in the fourth quarter and said it expects a resilient performance next year. The operator of more than 700 managed
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 08:08
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0708 GMT [Dow Jones] Seymour Pierce upgrades JD Wetherspoon (JDW.LN) to hold from sell following the company's trading update
Read moreMARKET TALK: Seymour Pierce Upgrades JD Wetherspoon To Hold
14th Jul 2010 08:08
0708 GMT [Dow Jones] Seymour Pierce upgrades JD Wetherspoon (JDW.LN) to hold from sell following the company's trading update. Notes the group has returned to a like-for-like sales growth trend. Says in recent days the stock has risen in anticipation of a positive pre-close statement and the market
Read moreMARKET TALK: JD Wetherspoon Update Better Than Expected -Shore
14th Jul 2010 07:55
0655 GMT [Dow Jones] JD Wetherspoon's (JDW.LN) trading update is better than expected, says Shore Capital. Like-for-like sales are up 1% in 4Q from 0.8% the previous quarter and ahead of the brokerage's expectations of broadly flat. Shore retains its 2010 pretax profit estimate of GBP71.3M and EPS e
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:55
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0655 GMT [Dow Jones] JD Wetherspoon's (JDW.LN) trading update is better than expected, says Shore Capital. Like-for-like sale
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:40
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0640 GMT [Dow Jones] JD Wetherspoon's (JDW.LN) 4Q sales show improvement on the previous quarter says Investec. Breakfast ope
Read moreMARKET TALK: JD Wetherspoon 4Q Sales Show Improvement
14th Jul 2010 07:40
0640 GMT [Dow Jones] JD Wetherspoon's (JDW.LN) 4Q sales show improvement on the previous quarter says Investec. Breakfast openings and good weather are believed to be the main factors behind this. The company is on track to deliver on full-year estimates, says Investec. However it's concerned that a
Read moreLondon pre-open: Higher start expected
14th Jul 2010 07:39
Footsie is expected to climb higher in early dealings as US results continue to impress following the start of the earnings season. This year continues to "shape up well" for Rio Tinto, but the mining heavyweight today warned investors to expect further volatility in commodity prices on fears of a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0638 GMT [Dow Jones] Goldman Sachs upgrades JD Wetherspoon (JDW.LN) to neutral from sell, saying the risk-reward is now more
Read moreMARKET TALK: Goldman Upgrades JD Wetherspoon To Neutral
14th Jul 2010 07:38
0638 GMT [Dow Jones] Goldman Sachs upgrades JD Wetherspoon (JDW.LN) to neutral from sell, saying the risk-reward is now more balanced. Notes the share price has traded down and is now in line with the brokerage's 6-month price target of 410p. "We believe JD Wetherspoon's value price points and plann
Read moreJD Wetherspoon Returns To Sales Growth In Fourth Quarter
14th Jul 2010 07:19
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group J.D. Wetherspoon PLC (JDW.LN) Wednesday returned to sales growth in the fourth quarter and said it expects a resilient performance next year. The operator of more than 700 managed pubs across the U.K. said sales
Read more