STOCKS NEWS UK-Wetherspoon up on refinancing, divi hopes
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09:21GMT 04Nov2009-Wetherspoon up on refinancing, divi hopes
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Shares in JD Wetherspoon (JDW.L: Quote, Profile, Research) gain 2.6 percent after the pubs group says it expects to complete a refinancing of its debt by March next year, raising hopes it will resume dividend payments and overshadowing a slowing in the rate of its sales growth. [ID:nL3356308]
Wetherspoon said it will start formal talks with lenders before the end of the year over the refinancing of a 435 million pound facility due to expire in December 2010. Continued...
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