** Pub operator JD Wetherspoon down 6 pct, lowestsince August 2014, after saying that new minimum wage laws wouldhurt its margins
** British finance minister George Osborne announced a newminimum wage in his budget earlier in July
** Minimum wage will rise by 38 pct to about 9 pounds perhour by 2020; co had already negotiated an 8 pct pay rise
** Investec analysts cut PT on stock to 800p from 833p, keep"add" rating; Canaccord Genuity cuts PT to 720p from 750p,rating to "sell" from "hold"
** Stock top loser on FTSE 350 Travel and Leisure Index in decent volumes
** Number of other labour-intensive firms also at risk fromUK budget, according to strategists (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)