JD Wetherspoon enjoys Olympic performance
8th Nov 2012 08:08
Pub group JD Wetherspoon said it had received a boost from the Olympics but added it wouldn't be able to maintain sales at that level for the rest of the year. In the three months to 28th October - the company's first quarter - like-for-like sales increased by 7.1% and total sales increased by 11.1
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreMonday broker round-up
1st Oct 2012 08:58
Barclays: Liberum Capital upgrades to buy, target lifted from 210p to 245p. British American Tobacco: Investec upgrades to buy. Capital & Counties: Seymour Pierce downgrades from buy to add, 233p target kept. Charles Stanley: Peel Hunt downgrades to hold. Electrocomponents: Panmure Gordon downgr
Read moreVectura director exercises options after milestone payment
28th Sep 2012 17:17
Shares of Cambridge-based Vectura rose after it confirmed the Japanese government has approved its Seebri inhalation capsules used in inhaler devices. The shares rose 2p to 86.5p, on news that government clearance will trigger a £2.5m milestone payment for Vectura from its partner Novartis. Whethe
Read moreBroker tips: Burberry, JD Wetherspoon, Asian Citrus
21st Sep 2012 13:28
Analysts at Credit Suisse were left scratching their heads after a meeting with Burberry management and a visit to the Spring '13 showroom on Thursday night. What has gone wrong in the two weeks through September 8th, they ask themselves. "Our recent conversations with peers and initial checks wit
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 250 movers: Miners leap on QE3 decision
14th Sep 2012 15:53
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement, with investors hopeful that an improved US economy will boost the demand for commodities. Aquarius Platinum, Ferrexpo, Talvivaara, Lonmin and Centamin were all firmly higher
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreBroker tips: Gold stocks, Imperial, JD Wetherspoon
14th Sep 2012 10:53
With gold prices jumping after the announcement of further quantitative easing (QE) from the Federal Reserve last night, Nomura has maintained its 'bullish' view on the sector. "Following yesterday's Federal Open Market Committee (FOMC) announcement of a new open-ended QE programme, gold prices hav
Read moreBroker snap: JD Wetherspoon - the cheapest stock in the sector
14th Sep 2012 10:50
JD Wetherspoon's financial year has got off to a great start and the pubs group is the cheapest stock in the sector, according to Jefferies. Full-year earnings beat consensus estimates by around 5% with pre-tax profits (pre-exceptionals) coming in at £72.4m, up 8.4% year-on-year. Meanwhile, like-fo
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreFast start won't last, cautions Wetherspoon
14th Sep 2012 07:37
Helped by a summer of special events and the fact that it is going up against soft comparatives, pubs group JD Wetherspoon has made a flying start to its new financial year, but conceded it won't be able to keep up the record pace. In the first six weeks of the financial year just ended, like-for-l
Read moreLondon pre-open: FTSE set to soar on QE3 decision
14th Sep 2012 07:30
City sources predict the FTSE 100 will open up 85 points from yesterday's close of 5,820, after the US Federal Reserve announced on Thursday that it will launch its third round of quantitative easing, or QE3. The Fed announced that, in order to bolster the economy and make sure that inflation stays
Read moreWetherspoon off to fast start
14th Sep 2012 07:00
Pubs group JD Wetherspoon's new financial year has got off to a flying start, helped by a strong performance during the Olympic and Paralympic Games. In the six weeks to 9th September 2012, like-for-like sales increased by 8.4%, with total sales increasing by 12.8%. For the 53 weeks to July 29th,
Read moreFriday preview: JD Wetherspoon up against soft comparatives
13th Sep 2012 17:53
Pubs group JD Wetherspoon announces full-year results, but of greater interest will be the update on trading in the first six weeks of the current year. Although the weather has not been kind to pubs this summer, the group is going up against relatively soft comparatives from a year earlier, when l
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