Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Company
LON:JDW
J D Wetherspoon plc is a United Kingdom-based company engaged in the development and management of public houses. The Company owns and operates pubs throughout the United Kingdom.
373 stories · page 16 of 19
Investments and investor services
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Tim Martin's J D Wetherspoon is launching its biggest ever single investment, developing a new site within the European Union.
“Although there are still 7 weeks left of the current 53-week financial year, we anticipate a slightly better trading outcome than was foreseen at the last update”
In a note to clients, the US bank’s analysts said: “Since early July 2016 JDW’s share price has increased 50% and the shares are now trading close to our 1,030p target price.”
The pubs group's chairman, Tim Martin, used the group’s third-quarter trading update to lambast the “current desperation of the CBI and others for a 'deal'” over Brexit
The FTSE 100 closed 15.52 down at 7,234 with Sainsbury's and mining shares under pressure
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The pub chain enjoyed solid growth over the past six months, but as usual, the main talking point is what its boss, Tim Martin, had to say…
FTSE 100 stocks ended higher on Friday, led by telecoms behemoth BT after confirming it would separate Openreach
Peel Hunt has downgraded its rating for Wetherspoon to ‘reduce’ from ‘hold’ with a target price of 925p, while, Shore Capital cut its stance to ‘sell’ from ‘hold’.
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The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
Deutsche Bank comes not to Bury St Edmunds, but to praise the Suffolk-based brewer
Analysts at the bank have cut their rating for M&B shares to ‘underweight’ from ‘equal-weight’ with an unchanged target price of 220p.
We've heard of a disguised profit warning, but disguised profits upgrades are considerably more rare
Chairman Tim Martin did not spurn the opportunity to gloat over how the predictions of doom and gloom post the Breixt vote failed to materialise
“We expect Burberry’s Q3 trading update (to be released tomorrow before the market) to show similar trends to Q2," Haitong said.