All JD Wetherspoon articles – Page 46
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NewsPublicans 'back VAT cut campaign'
A survey of 1,003 licensees by Cardinal Research on behalf of VAT Club Jacques Borel found that 96% say the pub and restaurant industry should campaign for the reduction
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks at the upcoming full-year results from Mitchells & Butlers (M&B) (26 November) and says he expects solid current trading, following a disappointing Q4
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NewsWetherspoons and Spirit lead the leisure charge
The leisure sector strongly outperformed the wider equities market by three percentage points this week as the M&C20 Index rose 2.2% to 1,175
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OpinionPubs for the win
Young people are incredibly savvy with their spare change, knowing where the cheapest pint is poured, which pair of jeans will last the longest, and how many hours can be squeezed from one video game
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NewsCollyer raises JDW lfl forecast, warns on margin
Leading analyst Geof Collyer has raised his FY like-for-like forecast for JD Wetherspoon from 2% to 3% but accused the managed operator of “yet again chasing sales at the expense of margin”, with “little if any underlying profit growth”
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NewsFrench holds JDW forecast
Leading analyst Simon French has reiterated his Buy recommendation and 806p Target Price for JD Wetherspoon following the managed operator’s Q1 results yesterday
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NewsJDW projects up for design awards
Harrison Ince Architects have been shortlisted for the Northern Design Awards 2013 for its work on two Wetherspoon pub projects
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Diary
Diary: JDW, Richard Caring, Caledonian Brewery, Bramwell
This week’s Diary includes JDW’s Tim Martin on taking advice from bankers; two possible new openings for Richard Caring; musings from out-going Caledonian Brewery MD Stephen Crawley and the trade uniting over personal licences.Train of thoughtAs M&C revealed today, JD Wetherspoon has secured a £100m banking facility as it looks ...
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NewsJDW secures £100m expansion fund
JD Wetherspoon has secured an extra £100m facility for its expansion plan, chairman Tim Martin has told M&C Report
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OpinionPubco for sale, two careful owners
Orchid boss Rufus Hall is on a charm offensive as he tells Rob Willock the story of the group’s rise and rise from the ashes of a pre-pack to a successful estate of 250 pubs that are positively blooming
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NewsJDW raises openings target; Q1 lfls rise 3.7%
JD Wetherspoon, the managed pub operator, has increased its full-year openings target to between 40 to 50 as it reported a 3.7% rise in like-for-like sales in the 13 weeks to 27 October, with a slight dip in operating margin
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NewsCollyer: Muted lfl growth at JDW expected
A leading analyst has said that he expects JD Wetherspoon to report muted like-for-like growth when it updates on first quarter trading tomorrow and that he continued to believe the key for the company is to deliver margin improvements and grow the FCF and dividends
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Opinion
European Union
Despite a slow start on these shores, German-owned restaurant group Vapiano aims to become a key player in the UK’s hugely competitive pizza-pasta market, says managing director Phil Sermon
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NewsFrench: Extension of opening hours at JDW will be a success
A leading analyst has said that JD Wetherspoon’s decision to extend is food serving hours to 11pm will prove another successful strategic move at a time of “ongoing flux amongst the competition”
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NewsJack expects JDW to outperform lfl estimates
Leading analyst Douglas Jack says he expects JD Wetherspoon’s like-for-like sales to be ahead of his full-year forecasts at its Q1 interim management statement on Wednesday, adding that the “main sensitivity continues to be margins”
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Diary
Diary: Cote, Greene King, JDW and No Saints
This week’s Diary includes a look at the chairmanship of Byron and Cote, a love-in between Tom Kerridge and Greene King, Steve Thomas being bullish about No Saints, and clear-the-air talks on VATMusical chairsThere are several similarities between Byron and Cote. Both are impressive casual dining concepts, which were launched ...
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Analysis & InsightNo stone unturned
“I love the business, I love working, I love running big pub companies. This was just too good an opportunity to miss. The plan is to become a dominant force on the high street.” So said Ian Payne, just after the TDR Capital-backed Stonegate was formed through the £373m acquisition of 333 wet-led pubs from Mitchells & Butlers (M&B).
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Opinion
Defending the VAT cut campaign
JD Wetherspoon chairman Tim Martin responds to criticism about the VAT Club from high-profile MP Andrew Griffiths and emphasises the importance of the tax break for the sector
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NewsMartin: VAT fine must not de-rail campaign
The VAT Club’s fine for late payment of VAT was a “regrettable”, but “minor issue” that must not distract the campaign for tax parity between pubs and supermarkets, according to JD Wetherspoon chairman Tim Martin
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News
JDW pubs pick up loo accolades
More than 200 Wetherspoon pubs have achieved the ultimate rating in the Loo of the Year Awards 2013