Altium Securities advises selling JD Wetherspoon at 250p (250p this week) noting that the fundamentals are deteriorating. Investec Securities recommends buying Wolverhampton & Dudley Breweries at 1040p (1013p this week). Merrill Lynch advises holding on to Whitbread shares at 874p (853p this week).The broker has downgraded its estimates and noted the company’s exposure to the UK consumer. But it highlights rescued expansion plans and that existing disposal plans should allow £1.35bn to be raised. Half of his might go to shareholders. The Daily Telegraph (Your Money) 07/05/05 page 2 (What the brokers say)