skip to Main Content
Home » UK Shares » Three Quick Facts » Three Quick Facts: JD Wetherspoon, NatWest Group and Taylor Wimpey

Three Quick Facts: JD Wetherspoon, NatWest Group and Taylor Wimpey

*

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

JD Wetherspoon

There are half year numbers out from JD Wetherspoon [LON:JDW] this morning, but it takes a bit of work to dig through the armchair virology and actually find the number. Revenues more than halved for the 26 weeks to 24th January, although a dramatic fall in operating costs – which weren’t far off seeing a 50% decline against the comparative period – has certainly played a role in limiting losses. Details in terms of outlook appear limited, with a side-swipe at government policy rather than giving any meaningful detail as to how the company expects to manage through the recovery, dominating. Dividends remain suspended.

NatWest Group

NatWest Group [LON:NWG] has this morning announced that it completed the purchase of almost 600 million shares from the UK government. The price paid was the 190.5p seen at last night’s close and it takes the taxpayer’s stake in the bank down to just under 60%.


Taylor Wimpey

Taylor Wimpey [LON:TW] has advised that the Competition and Markets Authority is moving to the next stage of formal consultation over the housebuilder’s strategy of doubling of leasehold payments every 10 years. Although TW abandoned this plan back in 2012, the sector as a whole will be following the progress closely. Given the significant government subsidies housebuilders have benefitted from since the financial crisis – and their inability to ramp up construction rates to have any meaningful impact on prices – this could well leave many in the sector exposed.

Sign up for three quick facts and more with our Free Daily Digest newsletter, every weekday morning.

Like this article? Get more of the same with our daily newsletter. Or get the weekly version here.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

Stocks in Focus

We think these smaller companies represent significant growth stories. Read our in-depth reports.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top