Wednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreOctober trading slowdown hits Wetherspoon
5th Nov 2014 08:45
Pub group JD Wetherspoon said a slowdown in business in October and higher costs would hit its operating margins, knocking its shares on Wednesday morning. Wetherspoon said like-for-like sales increased 6.3% in the 13 weeks to 26 October and total sales rose 11.3%. Sales were good through August an
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreWetherspoon’s finance director poached by Greene King
1st Oct 2014 09:20
JD Wetherspoon's finance director, Kirk David, has resigned in order to join rival pub chain Greene King. Wetherspoon chairman Tim Martin thanked Davis for his work and said the group had begun looking for his successor. Davis will replace Green King's chief financial officer Matthew Fearne, who wa
Read moreLondon pre-open: FTSE to open above 6,800
12th Sep 2014 07:43
London-listed stocks look set for a modest rise on Friday morning, following a mixed performance by global indices overnight. City sources predict the FTSE 100 will open around five points higher than Thursday's close of 6,799.62. US equity markets ended broadly flat after erasing early losses, wit
Read moreWetherspoon warns on tax as profits fizz up
12th Sep 2014 07:23
Pub chain JD Wetherspoon served up record full-year revenues and and profits and said sales in the last six weeks were up 6%, although it warned of a risk to the pub industry from rising taxes. Wetherspoon said pre-tax profit before one-off items in the 52 weeks to 27 July rose 3.1% to £79.4m on
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreLondon open: Admiral leads markets lower as investors await Fed minutes
9th Jul 2014 09:00
- Admiral shares drop as H1 revenues fall - Markets await FOMC minutes for rate-hike clues - Chinese inflation eases - Alcoa beats forecasts as Q2 earnings season gets underway techMARK 2,783.11 -0.39% FTSE 100 6,721.47 -0.25% FTSE 250 15,601.53 -0.33% UK stocks fell for a third straight day on We
Read moreWetherspoon frustrates with slower sales and margin guidance
9th Jul 2014 08:10
- LFL sales up 4.9% in previous 10 weeks - On track to open 45 pubs for full year - "Sales slowed in recent weeks" - Guidance to flat or lower margins in FY 2015 Sales have slowed in recent weeks at JD Wetherspoon as England crashed out of the World Cup, but the pubs group is confident of meeting e
Read moreWednesday preview: Anxiety about FOMC minutes may suppress activity
8th Jul 2014 14:27
While UK company news may be centred around Sainsbury's Chief Executive Justin King's tearful departure at the company's annual meeting and a trading update from pubs group JD Wetherspoon, the market will still be angsting about news from across the Atlantic. The anxious anticipation about what w
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreMorgan Stanley screens say sell CRH, JD Wetherspoon and many others
10th Jun 2014 15:41
Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s
Read moreFTSE 250 movers: Icap falls on FX trading volume decline
7th May 2014 14:41
Interdealer broker Icap was sharply lower on Wednesday after it reported a decline in its foreign exchange trading volumes in April. Pub group JD Wetherspoon also fell after it voiced uncertainty about fourth-quarter trading, with sales having slowed in the last few weeks. Wetherspoon said it had
Read moreBroker tips: HSBC, AstraZeneca, Rolls-Royce...
7th May 2014 13:34
HSBC shares will continue to underperform the wider banking sector following the company's 'mixed' first-quarter results, according to wealth manager Brewin Dolphin. Overall, we would argue that this is a mixed set of results: costs, impairments and capital were all either better or in line with ex
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