JD Wetherspoon corrects Daily Mail Online report on pub closures
The company said a claim in the headline that it was planning to get rid of 15 pubs when it reopend on 'Super Saturday' was "untrue"
Company
JD Wetherspoon PLC
LON:JDW
J D Wetherspoon plc is a United Kingdom-based company engaged in the development and management of public houses. The Company owns and operates pubs throughout the United Kingdom.
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Super Saturday to bring new normal for pubs and patrons
On July 4 the UK's drinking dens and their denizens will experience their own 'Independence Day' as lockdown restrictions are eased once again
Second wave of coronavirus threatens to crash the party as lockdown eases
In a letter published in the BMJ on Tuesday, a number of Uk health leaders warned local flare-ups of the virus were “increasingly likely” and that a second wave was “a real risk”
Wetherspoons confirms July reopening, takes new £48mln state loan
The pub chain has drawn up a safety plan and will not start new projects in the next year
Pub shares fizz as government expected to announce reopening date
Shares in Wetherspoon's and Marston's surged as investors anticipated that boozers will be able to reopen their doors from July 4
Pub shares up as beer gardens could open from June 22
“There are problems here as 1) you wouldn’t be able to order, brew and deliver any beers quickly enough to get them into cellars and 2) what do you do about toilets?” wondered one analyst
Wetherspoons to spend £11mln readying pubs for re-opening
“At present, the government have not confirmed any re-opening date for pubs.
Pubs call for one-metre social distancing rule as reopening pushed back to July
Given a longer lockdown than expected and greater social distancing restrictions, analysts have cut their forecasts again
Wetherspoon's raises £141mln to boost balance sheet amid pandemic closure
The company has also predicted that its pubs will remain closed until late June, and that once reopened its like-for-like sales will be around 15% below those before the lockdown
Wetherspoon's upgraded to ‘buy’ as Jefferies predicts ‘fast’ return to profitability
The broker also forecast the FTSE 250 publican had enough cash to sustain itself for around 13 months
Wetherspoons predicts profits will miss expectations and scraps dividend as coronavirus hits pubs
The FTSE 250 publican said it was “impossible to provide realistic guidance” on its performance for the year as the outbreak placed the hospitality industry “under great pressure”
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FTSE 100 finishes up; UK's pubs and restaurants told to close, chancellor unveils business and worker plan
Britain's blue-chip benchmark closed up 39.17 points at 5,190.78, after being as high as 5,419.30 earlier in the session
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Wetherspoons to deliver interims on quiet Friday
The final day of a turbulent week for both markets and the world seems set to be a quiet one as the City joins the rest of the UK in hunkering down
Wetherspoons reports higher sales in first weeks of 2020, says no confirmed coronavirus infections among staff
In a brief update, the FTSE 250 publican said LFL sales in the six weeks to 8 March were up 3.2% while total sales were up 2.9%
Wetherspoons sales rise over festive period but debt forecasts creep upwards
In the 12 weeks to 19 January, the publican reported like-for-like sales growth of 4.7%, with total sales rising 4.2%
JD Wetherspoon to create 10,000 new jobs through four-year pub opening plan
New pubs will open in Bourne, Waterford, Hamilton, Ely, Diss, Felixstowe, Newport Pagnell and Prestatyn.
Wetherspoons boss blasts corporate governance system and institutional shareholders
In a tirade accompanying a first quarter trading update, Tim Martin said the UK's corporate governance rules were "up the spout" and institutionalised "short-termism, inexperience and navel-gazing"
Hardware & electrical equipment
Beer mats at the ready for JD Wetherspoon update
Wednesday is also due to see results from British Land, SSE and Talktalk and updates from Taylor Wimpey and Spirax-Sarco
Wetherspoon's sales climb but profits dip in full year as chairman blasts “elite Remainers” in Brexit tirade
In his latest batch of rhetoric, Tim Martin criticised several MPs for what he said was their leading role in "frustrating" the result of the 2016 Brexit referendum
FTSE 100 ends higher as pound soars, banks gain
The UK's premier share index finished up 22.79 points to stand at 7,367.46
Wetherspoon results take focus on quiet Friday
Results from the FTSE 250 pub chain will likely contain more Brexit-related rhetoric from chairman Tim Martin as the UK's various political crises rumble on
JD Wetherspoon’s run of record of profits set to come to an end despite sales surge
As investors have come to expect, sales are once again well up at the pubs group, but soaring costs mean annual profits will likely fall below what was achieved last year
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FTSE 100 closes lower as traders mull Fed testimony
The UK's premier share index finished down over five points lower at 7,530,
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Barratt leads busy Wednesday for company news, UK GDP and Fed minutes dominate macro
The mid-week schedule also includes results and updates from a collection of mid-cap firms including SuperDry, Wetherspoons and Dunelm
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Sales are booming in Britain’s pubs, but soaring costs are drinking up profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
Sales are booming in Britain’s pubs, but soaring costs are keeping a top on profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
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ECR Minerals believes its Creswick gold project will be “transformational”
Some of the main news-driven risers and fallers in London on Wednesday…
Wetherspoon enjoys third-quarter sales boom, but shares drop as margin worries persist
The latest Wetherspoon trading update was missing something: staunch Brexiteer Tim Martin ranting about the EU
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FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
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ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
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BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
Why the FTSE 100 is not the UK’s economic bellwether
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Is Loungers biting off more than it can chew with £300mln London IPO?
£300mln seems like a lot of money for a company that most people haven’t heard of, but Loungers is reportedly confident it can achieve that number, and some of its peers suggest it can too
Stifel thinks pub and restaurant equity performance will be driven by companies’ ability to “flex balance sheets”
The US investment bank's analysts said: “We are social animals and eating and drinking out of the home has proved resilient to whatever the economic and political backdrop presents"
JD Wetherspoon profits slip in first half as increased staff costs bite
Staffing costs rose by £33mln in the period after a competitive job market forced the pub chain to hike its wages in November
Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
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JD Wetherspoon set to count cost of recent wage hike in Friday’s interims
Profits at the no-frills pub chain are set to fall in the first six months of its financial year, as bosses were forced to hike wages back in November, which will more than offset rising sales
JP Morgan believes UK pubs sector may be a relatively ‘safe haven’ in an adverse Brexit scenario
The US bank has upped its recommendation for Mitchells & Butlers to ‘overweight’ from ‘neutral’ and raised its stance on Greene King to ‘neutral’ from ‘underweight’
JD Wetherspoon sees sales soar over Christmas but profits will still be lower this year
At the start of the year, ‘Spoons said like-for-like sales growth of 4.0% would be enough to match 2017’s record profits, but November’s unexpected wage hike has put paid to that
Cheers! Sales soar at Greene King over Christmas and New Year
Higher costs, economic and political uncertainty and unfavourable weather made 2018 a difficult year for pubs but Christmas has brought at least some cheer for Greene King
Holiday Inn-owner IHG downgraded by Morgan Stanley on fears of US corporate downturn
US business confidence is on the wane, which could impact the number of hotel stays bosses make
JP Morgan thinks City is yet to cotton onto magnitude of Wetherspoon's recent profit warning
‘Spoons is known for its wafer-thin margins, but aims to sell so much food and drink that it still turns a decent profit come end of the year, but JP Morgan has some reservations this time around
Zizzi owner Azzurri Group reports jump in sales but margins squeezed by rising costs
The group reported that sales in the year to 1 July had risen 8.5% to £279.8mln, however underlying earnings dipped 0.8% to £37mln as margins shrank to 13.2% from 14.5%
JD Wetherspoon shares drop sharply as it warns soaring wages will likely dent full-year profits
“As has been widely reported, unemployment is at a record low, putting upward pressure on wages. As a result, Wetherspoon is increasing the pay of our staff starting from this week”
FTSE 100 closes higher as markets are relieved after US midterm election
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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Fed meeting and interest rate decision to hold focus on Wednesday amid midterm results
The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
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Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
Forget gastropubs, ‘wet-led’ pubs are back on top once again
The latest industry data has shown that drink sales are still growing much more quickly than those of food
Barclays wants a pizza JD Wetherpoon as it lauds pub chain’s ‘strong innovation’
The upgrade from Barclays’ analysts has helped to push the stock back up towards its all-time highs
Record profits for Wetherspoon as Tim Martin urges parliament to reject Chequers deal
“If parliament votes to end tariffs and reject the 'Chequers Deal', consumers and business will benefit additionally by avoiding a cost of £39bn in respect of the EU 'divorce payment' - for which there is no legal obligation”
FTSE 100 closes higher as traders come back to equities
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
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‘Spoons results (and accompanying Brexit rhetoric) to close out the week
The week will end with the final results of the FTSE 250 pub chain, in addition to the expected political musings from its chairman
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
Archive
Heatwave may help or hurt sales at Wetherspoons, JD Sports, Primark and Dunelm
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
JD Wetherspoon pulled lower as Citi warns of “continued tough times” for UK consumers
Pub operators have been beset with various issues over the past year or two – weak consumer confidence and sky-high business rates – and Citi doesn’t see things changing any time soon
FTSE 100 sails higher, bolstered by stumbling sterling
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Wetherspoons seems to shrug off CO2 shortage as sales continue to climb in year-end period
In a trading update, the FTSE 250 group reported that like-for-like (LFL) sales for the 10 weeks to 8 July had risen 5.2%, while in the year to date LFL sales had climbed 5.2%
FTSE 100 tumbles 1.3% lower as trade worries grip markets
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
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Wetherspoons eyed for CO2 shortage impact as week reaches mid-point
The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
FTSE 100 closes firmly higher as market shrugs off UK political chaos
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
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High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
CO2 shortages could leave Britain facing a World Cup beer drought this summer
Pub chain JD Wetherspoon has said it is “fully aware” of the situation, although none of its pubs have been affected yet
Zut Alors: Wetherspoon's to shun French champagne and sell more British and non-European drinks
Martin said: "The EU's customs union is a protectionist system which is widely misunderstood. It imposes tariffs on the 93% of the world that is not in the EU, keeping prices high for UK consumers."
Why Dixons Carphone, Just Eat and Sports Direct will be among the World Cup winners
The World Cup is just around the corner and it’s not just football fans getting excited, the tournament also tends to boost sales for a number of companies
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Beer and pasties to provide sustenance, with updates due from Wetherspoons and Greggs
Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI
Archive
Rate hike unlikely from May Bank of England policy meeting after recent dull UK data
Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
JD Wetherspoon closes down all of its social media accounts
Tim Martin, the outspoken founder of Spoons, would rather you go down the pub than stay at home talking to your mates over social media, and to help you kick the habit he has shut down all of the pubs group's social media accounts
FTSE 100 closes below 7,200 as pound firms and crude weakens
The FTSE 100 closed below the 7,200 level as sterling continues to strengthen against the dollar
Investments and investor services
IGas Energy advances as Cuadrilla achieves major milestone
A look at some of the biggest risers and fallers in London on Tuesday
Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
JD Wetherspoon sees increased first-half sales but cautious on outlook for next 6 months
The FTSE 250-listed pubs chain reported LFL sales increases of 6.1% in the 26 weeks to January 28, with pre-tax profits before exceptional items jumping by 21% to £62mln
FTSE 100 heats up ahead of chilly weekend
The top-share index rallied in the afternoon session to close at 7,164, up 24 points on the day
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JD Wetherspoon set to unveil solid interims
Wetherspoon founder will deliver his usual lengthy rant about Brexit; somewhere in the statement will be some decent numbers relating to the pubs group's performance
Wetherspoon froths higher on better-than-expected first-half sales
Buried somewhere in the 3,000 word trading update was a few lines on the pub chain itself, in which the company said sales grew in the first half and slightly upgraded its full-year guidance
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
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More Brexit rants expected from Wetherspoons founder in Christmas trading update
The day ahead includes trading updates from Wetherspoons, WH Smith, Fevertree and Sage Group
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
J D Wetherspoon continues to see slightly higher-than-expected sales
As per usual, founder Tim Martin ladled on the anti-EU rhetoric with a spoon
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
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M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
Stiff drink needed for investors in Greene King and Marston's as Berenberg downgrades ratings
The German bank’s analysts downgraded their rating for Greene King to ‘sell’ from ‘hold’, and chopped their target price back to 450p, down from 700p
FTSE 100 barely changed after PM's speech; Centrica slides
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
Wetherspoon booms as profits surge; boss tells Juncker and co to take a “wise-up pill”
Martin made the comments as Wetherspoons reported a surge in pre-tax profits to £102.8mln last year
FTSE 100 wilts as sterling's rally continues
The FTSE 100 fell 80 points to 7,215 on a good day for the sterling
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JD Wetherspoon results should give founder Tim Martin plenty to talk about
Whether Martin will actually talk about the numbers rather than his usual hobby horses of taxes and Europe is anyone's guess
Archive
Sales slowdown expected at Greene King's pubs; UK data could please
Day ahead includes a trading update from brewer and pubs operator Greene King PLC and UK data on trade, construction output, industrial, and manufacturing production
HSBC cautious on UK pubs, calls time on Greene King and JD Wetherspoon ratings
In a sector review, the HSBC analysts said: “We can’t be sure of a consumer downturn, but do worry about the continued increase in costs and the ease with which this can be mitigated
Investments and investor services
G4S investors shrug off immigration centre abuse scandal
Pub groups Greene King and JD Wetherspoon were both downgraded in HSBC's sector review.
FTSE 100 closes higher despite US jobs data; FTSE 250 lags
London's blue-chip benchmark was holding positive ground, even though US employment figures for August fell short of expectations.
Wetherspoon boss Tim Martin tells Brexit ‘gloomsters’ to “put a sock in it”
The Eurosceptic said the UK will “do well”, regardless of whether or not the government can secure a free trade deal
Investments and investor services
FTSE 100 finishes strongly as dovish Fed chair Yellen reassures
The Footsie closed 87.17 higher, or 1.19% to 7,416...
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Burberry to see modest Q1 sales growth as luxury market struggles for momentum
Day ahead: Trading updates from Burberry Group, Barratt Developments ...
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Marks & Spencer and Burberry both need to regain momentum
Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Mr Brexit to invest 15mln EURO as Wetherspoon launches Dublin 'super pub'
Tim Martin's J D Wetherspoon is launching its biggest ever single investment, developing a new site within the European Union.