BEST OF THE BROKERS August 11, 2009 VODAFONENomura said that Vodafone’s European assets declined 2.7 per cent faster than its main rivals in the June quarter and the underperformance has increased over the past year. The broker is concerned that its forecasts assume a sudden return to stable revenue share next calendar year. It fears this is too optimistic and retains its [...]
Wetherspoon is boosted by cheap booze July 15, 2009 PUBS group JD Wetherspoon yesterday said it expected its pre-tax profit for the year to 26 July to come in towards the top end of market expectations, after cost cutting improved margins. The pub chain, known for its low-cost food and bargain booze said in a trading update that like-for-like sales in the financial year to [...]
Hot weather to prove thirsty work and give pubs a boost July 12, 2009 The City has good reason to focus on the pub this week, with numbers from JD Wetherspoon, Enterprise Inns and Mitchells & Butlers all likely to be high on the agenda. The recent hot weather should have provided some welcome business for the hard-hit pubcos. But investors will also look for firms to further defend [...]
Met Office holds the secret to summer success June 14, 2009 I THOUGHT this whole “green shoots” argument was becoming a bit clichéd…then we started getting results from the DIY retailers. In a strictly horticultural sense “green shoots” went a long way towards propping up earnings at Home Retail last week, as sunny weather motivated the great British public to snap up gardening gear, barbecues, bikes [...]