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Pin to quick picksWetherspoon (J.D) Share News (JDW)

Share Price Information for Wetherspoon (J.D) (JDW)

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Share Price: 727.50
Bid: 724.50
Ask: 726.00
Change: -5.50 (-0.75%)
Spread: 1.50 (0.207%)
Open: 740.00
High: 740.00
Low: 724.00
Prev. Close: 733.00
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Jefferies upgrades Whitbread, downgrades InterContinental in leisure overview

Tue, 08th Dec 2020 08:01

(Sharecast News) - Jefferies has upgraded Whitbread but downgraded both InterContinental Hotels Group and On The Beach Group following the latest Covid-19 vaccine developments.

The bank said that the successful rollout of a vaccine programme would "transform" the leisure sector's prospects. "Vaccines offer investors the prospect that a new normality can resume, at some point. We look beyond short-term restrictions and assume that UK restrictions will lift by the third quarter of 2021."

It argued that key beneficiaries included Cineworld, Jet2, Mitchells & Butlers and JD Wetherspoon, with the assumption that UK restrictions will end by the third quarter and liquidity is sufficient until then.

Jefferies said: "Recovery will vary by sub-sector - pubs rapid, hotels slow. We upgrade Whitbread to 'buy' and downgraded InterContinental Hotels and On The Beach to 'underperform'."

William Hill was downgraded to 'hold', but gaming remains Jefferies' favoured leisure sub-sector. "The summer return of sports fixtures saw sports betting bounce back. Liquidity is robust, with dividends on the radar. US sports betting and iGaming is multi-year, high growth prospect. Vaccines will drive increased sports content. UK regulation remains a near-term risk," it said.

Across tour operators, which have rallied following the emergence of a Covid-19 vaccine, Jefferies argued that the market now needed to "differentiate between operators positioning for recovery".

"We bring forward our recovery assumptions to 2022, but not everyone is a winner. Jefferies Data analysts highlights players that are gaining or losing share for 2021, ballooning time to pay invoices and diverging brand perception," it said.
More News
17 Mar 2023 15:42

UK earnings, trading statements calendar - next 7 days

Monday 20 March 
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Tuesday 21 March 
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Ergomed PLCFull Year Results
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Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
YouGov PLCHalf Year Results
Zotefoams PLCFull Year Results
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Thursday 23 March 
Energean PLCFull Year Results
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Friday 24 March 
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JD Wetherspoon PLCHalf Year Results
NAHL Group PLCFull Year Results
Smiths Group PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Mar 2023 16:12

Britain helps pubs by raising 'draught relief' on beer

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered some help to pubs on Wednesday by increasing "draught relief", making the rate of duty on draught beer and cider up to 11 pence lower than the charge on cans or bottles bought in a supermarket from August.

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15 Mar 2023 13:24

UK BUDGET: Chancellor says "plan is working" as UK to avoid recession

(Alliance News) - The UK will avert a recession this year, Chancellor Jeremy Hunt said on Wednesday, as he set out a GBP94 billion package to help households weather the cost-of-living crisis as part of his spring budget.

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15 Mar 2023 12:54

Britain helps pubs by raising 'draught relief' on beer

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered extra help to pubs by reducing the tax paid on draught beers and ciders, resulting in the duty paid on a pint served in a bar undercutting the rate paid by supermarkets by up to 11 pence.

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13 Mar 2023 11:56

IN BRIEF: JD Wetherspoon to open new pub in O2 centre in London

JD Wetherspoon PLC - Watford, Hertfordshire-based pub and hotel chain - Set to open new pub in the O2 centre in London on Tuesday next week. The Stargazer is named in honour of Edmund Halley, who was astronomer royal at nearby Greenwich Observatory. It will feature a 3,800 square foot beer garden and employ 85 staff. JD Wetherspoon says it invested GBP2.9 million in the new pub.

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1 Feb 2023 14:54

Director dealings: JD Wetherspoon chairman ups stake

(Sharecast News) - JD Wetherspoon revealed on Wednesday that chairman Tim Martin had acquired 2.6m ordinary shares in the FTSE 250-listed pub chain.

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31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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25 Jan 2023 17:33

London stocks end lower, Ascential jumps on upbeat forecast

Ascential tops FTSE midcap index

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25 Jan 2023 17:09

LONDON MARKET CLOSE: Stocks in the red; Ascential surges on spin-off

(Alliance News) - Stocks in London were lower at the close on Wednesday amid a gloomy economic backdrop for the UK and mixed updates from UK-listed firms.

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25 Jan 2023 11:53

JD Wetherspoon suffers as UK rail strikes hit pub sales

Wetherspoon 'cautiously optimistic' for full-year

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25 Jan 2023 08:51

JD Wetherspoon outperforms UK pub market in December with sales up 21%

(Alliance News) - JD Wetherspoon PLC on Wednesday said it is "cautiously optimistic" for the current financial year, as the pub chain said recent sales have been only fractionally short of their pre-pandemic level.

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25 Jan 2023 07:05

JD Wetherspoon sees festive sales rise

(Sharecast News) - JD Wetherspoon reported a jump in first-half sales on Wednesday, although they remain below pre-pandemic levels.

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18 Jan 2023 15:50

UK earnings, trading statements calendar - next 7 days

Thursday 19 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
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boohoo Group PLCTrading Statement
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
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Energean PLCTrading Statement
Frontier Developments PLCHalf Year Results
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
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Kier Group PLCTrading Statement
Luceco PLCTrading Statement
Network International Holdings PLCTrading Statement
Premier Foods PLCTrading Statement
Sage Group PLCTrading Statement
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4imprint Group PLCTrading Statement
Close Brothers Group PLCTrading Statement
Goldplat PLCFull Year Results
Ninety One PLCTrading Statement
Workspace Group PLCTrading Statement
PensionBee Group PLCTrading Statement
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Monday 23 January 
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Tuesday 24 January 
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Associated British Foods PLCTrading Statement
Henry Boot PLCTrading Statement
Oxford BioDynamics PLCFull Year Results
Saga PLCTrading Statement
Staffline Group PLCTrading Statement
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Velocity Composites PLCFull Year Results
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easyJet PLCTrading Statement
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hVIVO PLCTrading Statement
JD Wetherspoon PLCTrading Statement
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Van Elle Holdings PLCHalf Year Results
Watkin Jones PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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29 Nov 2022 12:19

London's West End regains pre-pandemic buzz, boosting sales

Nov 29 (Reuters) - London's West End has seen retail, hospitality and leisure venue sales return to pre-pandemic levels, boosting rent and property demand, commercial landlord Shaftesbury said on Tuesday.

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