Wetherspoon sales up but profits fall September 9, 2011 Pub group JD Wetherspoon has warned that competition from supermarkets is threatening its trade as higher interest charges caused its pre-tax profits to fall 5.7 per cent in the past year. Wetherspoon said revenues and operating profits had both hit record levels in the year to 24 July, with sales up 7.6 per cent to [...]
THE WEEK AHEAD September 4, 2011 COMPANY NEWS ● Lonrho announces today. It invests in infrastructure, transport, agribusiness, hotels and support services businesses in Africa. ● On Tuesday, Allstate, Ashtead and Genus all announce. The latter is a British-based business selling products manufactured using biotechnology to cattle and pig farmers. ● Amphenol will announce on Wednesday. Amphenol was founded in Chicago [...]
Wetherspoon in revenue rise July 13, 2011 JD WETHERSPOON reported higher fourth-quarter sales and said an encouraging performance from its recently opened pubs should help it achieve a reasonable full-year outcome, despite rising costs and weaker consumer confidence. The pub company said its like-for-like sales for the 11 weeks to 10 July were 1.6 per cent up, with year to date sales [...]
Wetherspoon sales edge up July 13, 2011 Pubs firm JD Wetherspoon reported higher fourth-quarter sales and said an encouraging performance from its recently opened pubs should help it achieve a reasonable full-year outcome, despite rising costs and weaker consumer confidence. Wetherspoon on Wednesday said its like-for-like sales for the 11 weeks to 10 July were 1.6 per cent up, with year to [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2011 FINANCIAL TIMES BA CABIN CREW VOTE FOR PEACE DEAL British Airways cabin crew have voted overwhelmingly to accept a peace deal, ending 18 months of conflict in one of the most bitter recent industrial disputes. Unite said members voted 92 per cent in favour of what it described as an “honourable settlement’’, with eight per [...]
JD Wetherspoon sales up May 4, 2011 JD Wetherspoon yesterday reported rising third-quarter sales and said an encouraging performance from its recently opened pubs should help it achieve a reasonable full-year outcome. The pub group said like-for-like sales for the 13 weeks to 24 April were 2.4 per cent higher. The company said in a statement: “Sales and cashflow continue to be [...]
JD Wetherspoon sees profit drop by 11pc March 11, 2011 JD Wetherspoon reported an 11 per cent decline in first half pre-tax profit, blaming higher interest charges following the renewal of its bank facilities in March last year. The company, which has 787 pubs across Britain made a pretax profit of £32.2m in the half year to 23 January, down from £36.2m the year before. [...]
THE WEEK AHEAD March 6, 2011 COMPANY NEWS ● Ireland’s biggest bookmaker Paddy Power will announce its end of year results on Monday. ● So will the financial spread betting and CFD provider IG Group. Both will be betting on good results. ● On Tuesday, Weir Group, founded in 1981 by descendants of Robert Burns, will hope to have engineered strong [...]
HEDGE FUND MANAGERS GET A VERY RAW DEAL January 25, 2011 HEDGE fund managers rightly feel they are being persecuted by creeping EU legislation, which is suffocating their industry. But Hugh Hendry, a Scottish fund manager at Eclectica Asset Management, may be suffering from a touch of hyperbole. In the latest issue of Bloomberg Markets he likens the plight of the humble hedgie manager to the [...]