All JD Wetherspoon articles – Page 5
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NewsPub marquee plan ‘entirely barking’
Pubs will be allowed to install marquees in beer gardens for the entire summer instead of 28 days currently allowed, without planning permission, the government has announced.
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NewsJDW pricing strategy a key focus for analysts
The issue of JD Wetherspoon’s ability to push up prices has been called into question by several analysts following its half year financial update last week.
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NewsSecond CBILS for JDW
JD Wetherspoon secured a second CBILS loan in March 2021 of £51.7m, bringing its total facilities to £1.04bn.
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NewsWetherspoon reports £46m HY loss as restrictions bite
J D Wetherspoon has reported a loss before tax of £46.2m for the 26 to weeks to 24 January, as the “ever changing government guidelines” took their toll.
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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.
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NewsHospitality 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.
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NewsTim 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”.
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OpinionPeel 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.
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NewsTim 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%.
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NewsAnalysts’ 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.
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NewsWetherspoon 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.
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NewsTim 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.
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NewsWetherspoon 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.
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NewsTim Martin sells £5m of shares
JD Wetherspoon chairman Tim Martin has sold £5m worth of shares in the company.
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NewsJD 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.
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NewsWetherspoon proposes 450 airport job cuts
Wetherspoon has announced that 400-450 jobs at its airport pubs are at risk of redundancy.
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NewsTim 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.’
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NewsWetherspoon to develop £6.6m new-build pubs
Wetherspoon is to start development work on two new pubs in the coming weeks.
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NewsWetherspoon 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.