JD Wetherspoon to nudge up prices as costs rise
14th Sep 2018 07:10
(Sharecast News) - JD Wetherspoon reported solid annual results and boss Tim Martin took time out of his traditional pro-Brexit diatribe to say that 4.0% growth would be needed in the present year to maintain profits.
Read moreFriday preview: US data barrage, Investec in focus
13th Sep 2018 14:21
(Sharecast News) - The focus at the weekend - barring surprises around international trade or Brexit - will be on a barrage of economic data scheduled for release in the States.
Read moreBerenberg upgrades 'category killer' Wetherspoon's to 'buy'
11th Sep 2018 14:33
(Sharecast News) - Analysts at Berenberg upgraded pubco JD Wetherspoon to 'buy' from 'hold' on Tuesday, labelling the landlord as a clear "category killer" in the value pub market thanks to its relentless drive towards price leadership and customer satisfaction.
Read morePubs sector 'in a precarious state' - Citi
3rd Sep 2018 12:39
(Sharecast News) - Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.
Read moreWednesday broker round-up
15th Feb 2017 09:21
(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.
Read moreDirectors dealings: Spouse of JD Wetherspoon director unloads shares near resistance
3rd Feb 2017 15:47
(ShareCast News) - The spouse of JD Wetherspoon's Operations Director, Helena Geoghegan, sold £47,284.42-worth of shares in the pub company on 2 February, the company said in a statement. Mrs Geoghegan unloaded 4,927 shares at an individual price of 959.71p as the stock price reached an area of tech
Read moreThursday 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
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