Company
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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“It is not fair that pubs in London and other parts of England receive four times less financial support than pubs in Wales,” the pub industry body said
“It is very disappointing that yet another raft of regulations has been introduced, which has effectively closed half our pubs," said Tim Martin, the pub group's chairman
Boss Tim Martin is likely to keep its prices very low until the end of March “due to its crusade to make the VAT cut permanent”, analysts said
The publican said sales in October had been “significantly lower than the previous months” and blamed additional restrictions imposed by the UK government including regional tiered lockdowns and a 10pm curfew on pubs and bars
Customers need to order online or by phone, but industry bodies say it is unfair because supermarkets can sell alcohol as usual
A new grants scheme will be introduced for businesses hit by Tier 2 restrictions, even if they are not legally required to close
The Welsh Government will provide a package of almost £300mln for businesses
The decision will affect 1,144 pubs and wine bars, 98 betting shops, 167 gyms and three casinos
The pubs group said like-for-like sales in the year to July 26, 2020, plunged nearly 30% as its entire pub estate was forced to close earlier in the year due to the UK's lockdown
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The data showed US retail sales rose 1.9% month, well ahead of estimates of around 0.6%
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The results are set to quantify the loss the publican predicted in August
The government will keep VAT at 5% for the tourism and hospitality sectors to the end of next March
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UKHospitality said the new rules are "another crushing blow" for many businesses
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After yesterday's cage-rattling, UK equities have rallied today
According to the latest guidance, hospitality businesses must have a system to collect NHS Test and Trace data as of Friday
The pub chain partially attributed the sales jump to the UK government's 'Eat; Out to Help Out' scheme, which offers diners discounts on food and soft drinks on certain days across the month on August
There have been reports that the group's pubs have not been enforcing social distancing rules
Aberdeen went into lockdown a week ago after a sharp rise cases of coronavirus that was blamed on pubs in the city
Up to 130 senior manager and staff risk to be made redundant
Chains such as Nando's have unveiled plans to cut prices as a result of the lower VAT, while estate agents are reporting surges in house buying activity
