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.
373 stories · page 11 of 19
Relative to the FTSE All-Share stocks where a director made a purchase have outperformed on average by 0.35% and not only that, also reversed the shares' performance in the month preceding the purchase
Late on Friday, founder and chairman Tim Martin offloaded shares for £5mln
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"
On July 4 the UK's drinking dens and their denizens will experience their own 'Independence Day' as lockdown restrictions are eased once again
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”
The pub chain has drawn up a safety plan and will not start new projects in the next year
Shares in Wetherspoon's and Marston's surged as investors anticipated that boozers will be able to reopen their doors from July 4
“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
“At present, the government have not confirmed any re-opening date for pubs.
Given a longer lockdown than expected and greater social distancing restrictions, analysts have cut their forecasts again
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
The broker also forecast the FTSE 250 publican had enough cash to sustain itself for around 13 months
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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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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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
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%
In the 12 weeks to 19 January, the publican reported like-for-like sales growth of 4.7%, with total sales rising 4.2%
New pubs will open in Bourne, Waterford, Hamilton, Ely, Diss, Felixstowe, Newport Pagnell and Prestatyn.
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
Wednesday is also due to see results from British Land, SSE and Talktalk and updates from Taylor Wimpey and Spirax-Sarco
