All JD Wetherspoon articles
-
NewsJDW gearing up for pub reopening but with reduced hours
JD Wetherspoon (JDW) has earmarked 394 of its pubs for reopening on 12 April, but they are due to operate under reduced hours.
-
News
Hospitality companies see stocks rise on back of roadmap announcement
Investors have snapped up hospitality and leisure stocks following the announcement by Boris Johnson of his roadmap out of lockdown on Monday.
-
News
Tim Martin: Give pubs level playing field
JD Wetherspoon chairman Tim Martin has called on the government to open pubs at the same time as non-essential shops reopen, stating that the industry is “on its knees”.
-
Opinion
Peel Hunt: JDW may be hit by post pandemic trends
JD Wetherspoon (JDW), and other low-ticket operators, are more likely to be hit post-Covid working patterns, as well as any further downturn in the economy, according to analysts Peel Hunt.
-
News
Tim Martin nets additional £50m in further share sale
JD Wetherspoon chairman Tim Martin has sold 4.37m of the Company’s ordinary shares, at a price of £11.50, netting him £50m, but reducing his holding in the company to 21.88%.
-
News
Analysts’ verdict – JDW share placing
JD Wetherspoon’s £93.7m share placement should provide a buffer against the impact of low sales upon reopening, as well as enable it to invest in new sites, as and when opportunities arise. We round-up the thoughts of analysts from Liberum, Peel Hunt and Hargreaves Lansdown on the pub operator’s latest move.
-
News
Wetherspoon raises £93.7m in new equity
J D Wetherspoon has raised £93.7m investment following a share placing, which it help with low sales upon reopening, and acquisitions in London.
-
News
Tim Martin: Government relying on ‘false information, rather than truth’
Wetherspoons chairman Tim Martin has accused the government of relying on “false information, rather than truth,” leading to “inevitably poor outcomes.” In an update on the London Stock Exchange, Martin said that over 50 million pub visits had been registered at Wetherspoons sites using the track and trace system, and there have been no outbreaks reported in the company, highlighting the “faulty” nature of government sources of information.
-
News
Wetherspoon completes £30.4m development in Dublin
JD Wetherspoon has made the largest investment in its 41-year history in the development of a pub and hotel in Dublin.
-
News
Tim Martin sells £5m of shares
JD Wetherspoon chairman Tim Martin has sold £5m worth of shares in the company.
-
News
JD Wetherspoon Tim Martin: Regulations are capricious and damaging
JD Wetherspoon has released its full year results which lay bare the impact of the coronavirus on sales and profits. Sales were down 30.6% to £1,262m while it made a £34.1m pre-tax loss, down 133% on the previous year. Chairman Tim Martin slammed the government’s handling of the situation and the effect it’s having on the hospitality industry. “For the two months following reopening, it appeared that the hospitality industry, in difficult circumstances, was adapting to the new regime and was getting ‘back on its feet’, albeit in survival mode,” he said.
-
News
Wetherspoon proposes 450 airport job cuts
Wetherspoon has announced that 400-450 jobs at its airport pubs are at risk of redundancy.
-
News
Tim Martin calls for tax equality between pubs and supermarkets
Wetherspoon is to cut the price of all food and drink on Thursday 24 September as it hosts a ‘Tax Equality Day.’
-
News
Wetherspoon to develop £6.6m new-build pubs
Wetherspoon is to start development work on two new pubs in the coming weeks.
-
News
Wetherspoon infection rate ‘proves pubs risk is low’
Pub company Wetherspoon reports that it has had approximately 32m customer visits to its 861 pubs since reopening, with 66 positive tests for covid-19 among its 41,564 employees.
-
News
Wetherspoon sees almost 6m track and trace check ins in August
JD Wetherspoon has received 5,742,125 track and trace check ins across its UK and Ireland estate in just one month.
-
News
JDW scheme ‘cheaper than McDonald’s’
JD Wetherspoon launches a ‘Stay Out To Help Out’ scheme today (Tuesday September 1).
-
News
Wetherspoons releases trading update
JD Wetherspoon has said like for like sales are down 16.9% for the 44 days to 16 August 2020 in a trading update. It said it had now reopened 844 of its 873 pubs, with some airport and station sites remaining shuttered. It has opened two new sites since July. The update said the businesses remains in a “sound financial position” with net debt at the end of the last financial year around £825m. It also agreed a £48.3m loan under the CLBILS scheme. Chairman Tim Martin also questioned the validity of lockdowns and took aim at the suggestion pubs were hives of infections when it comes to the coronavirus.
-
News
Tim Martin: Virus debate hampered by ‘lack of reliable information’
Wetherspoon chairman Tim Martin has re-entered the debate on coronavirus suppression, arguing much of the science supporting lockdown is inconclusive, and lauding the “cool as ice” Swedish approach.
