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Earnings Analysis: 
JD Wetherspoon Net Surges; Laura Ashley Sales Up 5.7%
Author: 123jump.com Staff
123jump.com
Last Update: 12:10 PM ET September 10 2010



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JD Wetherspoon plc fiscal 2010 revenues increased 4.3% and net profit nearly doubled. Laura Ashley Holdings plc first-half revenue increased 5.7% and net surged more than eight fold.

 
5:00 PM London – JD Wetherspoon plc fiscal 2010 revenues increased 4.3% and net profit nearly doubled. Laura Ashley Holdings plc first-half revenue increased 5.7% and net surged more than eight fold.

JD Wetherspoon plc tumbled 3.45% to 428.20 pence after the company engaged in the development and management of public houses stated fiscal 2010 revenue gained 4.3% to £996.33 million, from £955.12 million in the prior year. Net profit for the year soared 39.2 to £40.78 million or 29.3 pence per share, compared to net profit of £25.3 million or 18.2 pence per share a year ago.

Laura Ashley Holdings plc soared 13.73% to 14.50 pence after the home furnishing and women''s fashion retailer reported first-half revenue increased 5.7% to £135.1 million from £127.8 million in the previous year. Profit before tax for the period surged 855% to £10.5 million from £1.1 million last year.

London Stock Exchange Group Plc gained 1.36% to 706.50 pence after the diversified stock exchange group announced that its subsidiary Borsa Italiana S.p.A. acquired 94.4% of Pro Mac S.p.A., the company responsible for the promotion of Mercato Alternativo Del Capitale, for a cash consideration of €5.147 million from 22 existing shareholders of the company, including a number of leading Italian banks and associations.

Borsa Italiana will own 99.6% of Pro Mac S.p.A. following the transaction.

Record Plc dropped 0.61% to 40.75 pence after the currency management house appointed James Wood-Collins as Chief Executive Officer replacing Neil Record, both Chairman and CEO since 2007

SThree plc fell 2.02% to 281.20 pence after the specialist staffing business said third quarter gross profit increased 15% year over year, primarily reflecting improvement in growth in all markets, with the exception of Benelux.
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Market data: BATS Exchange. Inc.

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