All JD Wetherspoon articles – Page 49
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NewsJDW: Expansion, sales mix, tax, staff
M&C Report takes a closer look at the full-year results for JD Wetherspoon and reports from a results presentation featuring chairman Tim Martin, chief executive John Hutson and finance director Kirk Davies
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NewsPubs drive M&C20 outperformance
The M&C20 outperformed the FTSE All-Share index for the sixth week in a row this week, growing 1.4% to 1,200 while the FTSE All-Share could only manage a 0.8% increase to 1,019
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NewsJDW FY lfls rise 5.8%
JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”
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Doubts cast over VAT campaign
With just weeks to go until Chancellor George Osborne’s Autumn Statement, fresh doubts have been cast over the effectiveness of the VAT Club and its prospects of securing a tax reduction for the hospitality sector in next year’s Budget
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NewsJack: JDW can hold or grow margins
A leading analyst has said JD Wetherspoon, which announces its full-year results on Friday, has a good opportunity to hold or increase its margins
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NewsFrench reiterates Buy for JDW
Leading sector analyst Simon French has reiterated his Buy recommendation and 806p Target Price for JD Wetherspoon ahead of its full-year results on 13 September and predicted a “solid” update on current trading
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Sector VAT cut 'would cost up to £12bn'
Cutting VAT to 5% for the sector would cost the Exchequer between £11bn and £12bn per year in lost revenue, according to Government estimates
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NewsJDW London pub acquired for £8.4m
A pub let to JD Wetherspoon in central London has been acquired for £8.4m by AXA Real Estate
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Weekend Press
Weekend press round-up, 31 August-1 September
RestaurantsCote tempts new suitorRichard Caring is edging closer to a deal to sell his Cote brasserie chain for about £100m. CBPE, the private equity firm that was once part of Close Brothers investment bank, is in talks to buy the 45-strong chain.It has leapfrogged Bridgepoint, a rival firm best known ...
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NewsJDW eyes Ireland debut
JD Wetherspoon is close to securing its first pub in Ireland, in Dublin, and has made offers on a number of outlets in the Republic. The managed operator has confirmed reports that it’s looking to spend €1 million buying the freehold of the Tonic pub in Blackrock. Contracts are expected to be signed over the next week
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NewsM&C20 outperforms market by 16%
A pound invested in the companies that comprise the M&C20 at the beginning of May would now be worth nearly £1.16, as the index ticked up a percentage point this week to reach its highest level - 1,159
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Milton Keynes rejects late-night levy
Pubs, clubs and bars in Milton Keynes will not be subject to paying a late-night levy after the council rejected the plan
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NewsUS brewers to brew in UK for JDW
A dozen craft brewers from America are to produce beers at UK breweries over the next six months under a new project organised JD Wetherspoon, which will stock all the beers in its pubs
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Norman steps down at Novus
Kevin Norman has stepped down as head of acquisitions at Novus, the LGV Capital and Hutton Collins-backed operator of premium bars and restaurants
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NewsM&C20 bounces back against FTSE
The M&C20 Index bounced back to outperform the FTSE All Share this week as both lists experienced an increase after the previous week’s declines
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OpinionFrench raises Spirit TP
Leading sector analyst Simon French has “strongly reiterated” his Buy recommendation for Spirit Pub Company and raised his Target Price for the firm from 93p to 110p
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Analysis & InsightHot dogs lead US invasion of British menus
Hot dogs have replaced scampi and chips in the list of the top 20 most popular dishes in eating out venues, with 85% more menus featuring the product compared to this time last year, new research shows
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks ahead to the full-year results update from JD Wetherspoon, which is due on 13 September. He says that he is encouraged by signs of operating margin stabilisation but thinks the share price fully reflects JDW’s position for now
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Knowles urges fair play on zero hours
The head of the Perceptions Group has urged the Government not to intervene over minimum hours contacts but raised concern about how they are used by some operators
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JDW to open £1.5m Stirling pub
JD Wetherspoon, the managed operator, is to start building work on its first pub in Stirling towards the end of November, with the pub set to open in March 2014