JD Wetherspoon chief executive John Hutson has a difficult job convincing investors that he can drive profits up, according to Small Cap Comment. The column first advised readers to sell shares four months ago at 282.25p, and says "keep selling" at 264.25p. The pubs chain was "always going to lose out" during the 2004 football championship because only 20% of its pubs have TV screens. But what is more worrying, warns the column, is the group's rising costs. The Sunday Telegraph 18/07/04 (Business) page 9 The Independent on Sunday 18/07/04 (Business) page 14