Shares in pub group JD Wetherspoon (JDW) dropped 7% after the firm warned on the outlook for earnings. Despite solid trading, chair Tim Martin said higher costs mean this year’s profit may be lower than last year. Share price: 688.5p (-6.7%) PE: 12x Market cap: £737m Yield: 1.6% COSTS TO CRIMP PROFITS For the 25 … Continue reading JD Wetherspoon cautions on earnings