JD 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 moreWetherspoon 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
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