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Wetherspoon can't shake of hangover

JD Wetherspoon is keeping its fingers crossed that the forthcoming Budget doesn't bring another round of disproportionately high duty increases on beer: the pub group has already slashed its new opening programme in the face of flagging sales growth, and with mounting cost pressures it's hard to point to any positive catalysts for the shares.

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By John Hughman,
09 March 2012

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