All JD Wetherspoon articles – Page 32
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NewsPolitical stability brings strength to sector
Election week was always going to be big news across the country and in the stock market it was no different. Ahead of the result the prospect of a hung parliament had the All-Share index subdued, but it opened up almost 2% today following the news of a continuation of Tory leadership, bringing the weekly change to up 1.4% for the UK index. The M&C20 outperformed markedly as domestic stocks were strong on relief that the government’s economic strategy is likely to remain unchanged
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NewsTCG submits three-year business case to owners
Nigel Wright, chief operating officer of managed pub and bar company TCG, has told M&C Report the company is continuing to keep pace with its rivals despite the disparity in the levels of investment.
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News
JDW secures Newport Pagnell site
JD Wetherspoon has acquired the freehold interest of Robinsons Restaurant in Newport Pagnell, M&C Report understands. The restaurant is being sold by the private owners after 15 years for personal health reasons. It is understood the freehold interest was sold in the region of £550,000. It is understood that Davis ...
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NewsGK/Spirit deal could spark more consolidation
Should Greene King’s acquisition of Spirit Pub Company be approved by the Competition & Markets Authority next week, it is likely to create “a new league of two” in the pub sector.
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News
Brumby: JDW should draw clear from the pack
Mark Brumby at Langton Capital has said that JDW now seems to be saying that its like-for-like sales could trend towards flat for the rest of the year
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News
Jack: JDW breakfast push won’t counter margin fall
Leading analyst Douglas Jack, of Numis, has questioned whether volume growth from JD Wetherspoon’s drive to grow breakfast sales will offset the hit on margins.
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NewsJDW Q3 lfls up 1.7%
JD Wetherspoon has reported like-for-like sales up 1.7% for the 13 weeks to 26 April and 3.6% for the year to date.
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NewsGeopolitical fears unsettle M&C20
The M&C20 was down 1.6% this week, while the All-Share index was 1.9% lower in a week where stocks were driven down largely by geopolitical worries
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NewsCollyer: Expecting muted Q3 lfl performance from JDW
Leading analyst Geof Collyer at Deutsche Bank said he is expecting a muted Q3’15E lfl performance from JD Wetherspoon due to tougher comps
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NewsJack: Expect JDW margins to keep falling
Leading analyst Doug Jack at Numis expects LFL sales at JDW to have slowed from H1’s level of 4.6%, to c.2% in Q3, with margins continuing to fall
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NewsBrewDog: IPO, JDW, food and US expansion
James Watt, co-founder at BrewDog, talks about the possibility of an IPO, JDW, expansion in the US, a new food menu, site finding and plans for a boutique craft beer hotel
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NewsLuminar boss calls for action on e-cigarettes
Luminar chief executive Peter Marks has called on the Government to give clarity to the industry over e-cigarettes.
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NewsPunch shares up in flat market
The M&C20 slightly outperformed the market this week, rising 0.6% vs the All-Share’s 0.1% rise. The wider market was held back by financial stocks and a sharp downward move by the food retailers following Tesco’s numbers on Wednesday
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News
JDW wins appeal over Newcastle levy hours
JD Wetherspoon has won an appeal against Newcastle City Council’s refusal to allow the company to vary three of its pubs’ hours to avoid paying a late-night levy.
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NewsAnalyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects Q3 LfL sales growth of 1.5-2.5% from JD Wetherspoon
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NewsM&C20 dips following stellar week
In what was a relatively quiet week for listed leisure companies, the M&C20 underperformed the market, falling 1.5%, while the All-Share Index was up 0.5% as the wider market rose on oil price moves and geopolitics
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OpinionReady to bloom
Alistair Darby has had a solid second year at the helm of Mitchells & Butlers (M&B), but with a significant acquisition to integrate and like-for-like sales momentum to build he knows that expectations will be even higher for the coming 12 months. Mark Wingett reports
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NewsEconomic recovery not hitting pubs
With the UK’s economy enjoying consecutive growth and spending rises in the restaurant and hotel sectors coupled with an increase in disposable household income, leading analyst Jamie Rollo at Morgan Stanley muses why pubs have not felt the benefit of this improved climate.
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Diary
Diary: Alan Yau; Pret A Manger and JDW
In this week’s Diary section, Alan Yau talks about his plans for a ‘Chinese McDonald’s’ concept, Pret CEO Clive Schlee blogs about trading in Paris and JDW gets a less than warm welcome from its new customers…
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Analysis & Insight24-hour party people
The lines between pubs and restaurants have been blurring for years, followed by the ones separating them from coffee shops and cafes. Day parts are following suit as operators follow consumer trends but also take advantage of their expertise and locations to stretch their brands