UK hospitality sector stabilises but faces 'a bumpy road ahead,' new research finds
Pubs and restaurants have "a bumpy road ahead" as the cost of food and energy bites
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.
373 stories · page 7 of 19
Price of a pint is unaffordable, say beer drinkers
More than half of YouGov respondents bemoan the cost of beer
JD Wetherspoon left gasping against competition
Supermarkets and staff costs are blamed for tepid growth, but analysts say the company is more exposed than others for various reasons
Wetherspoon’s warns of loss as post-pandemic boom fails to materialise
Sales on key product lines including draught ale underdeliver
FTSE 100 closes in red midweek as US inflation spooks investors
The UK's premier share index finished down around 53 points, or 0.74%, at 7,156 on the day
Builders and building materials
US inflation to take centre stage as financial markets fret about recession
Higher than expected inflation could see the euro break further below parity against the dollar
Best and worst stocks: JD Wetherspoon, Royal Mail among Liberum's least favoured, while easyJet, Whitbread worth a look
Liberum expects Spoons to reveal ‘weak post-Covid sales momentum, high labour intensity and narrow margins’
JD Wetherspoon back in the black as sales recover but costs rise
Like-for-like sales were down in the quarter compared to pre-pandemic 2019 but were "slightly positive" in the last two weeks of the period
Pubs on the recovery trail but headwinds are ahead, warns Deutsche Bank
“For pubs, cost pressures from wage, food and energy inflation mean profits would take longer to recover," the broker said.
JD Wetherspoon's Tim Martin urges Sunak to think again on VAT hike for pubs, restaurants and cafes
Martin has broken his four-day silence to offer some advice to Rishi Sunak ahead of the chancellor of the exchequer's Spring Statement tomorrow.
JD Wetherspoon slides into the red; calls restrictions 'kryptonite for hospitality'
"Following a traumatic two years for many businesses and people, the ending of COVID restrictions has brought a return to more normal trading patterns in recent weeks," said company founder Tim Martin
Archive
FTSE 100 ends near session highs, capping best week since November 2020
At the close, the UK blue-chip index was 19.39 points, or 0.3% higher at 7,404.73, fractionally below the session peak of 7,406.13
Pint half full for JD Wetherspoon on Friday?
Other updates are expected from Investec, ContourGlobal Eurocell, S4 Capital
Hospitality sector sees sales rise above pre-pandemic levels but pubs are still struggling
"It seems the market is striving to surge ahead but is held back by external pressures," said David Coffer, chairman at The Coffer Group
FTSE 100 finishes in the green as global markets digest financial risk of Russia-Ukraine conflict
PM explores possibility of increasing funding in the North Sea
JD Wetherspoon to continue stocking McSmirnoff but Russia's Baltika lager gets the (yo) heave-ho
Spoons has decided to stop selling a Russian lager hardly anyone had heard of
Pub beer sales fall as Britons kept at home by pandemic opt for stronger tipple
"At the moment I think people have got used to drinking at home and being at home,” Manchester Brewing Company director Paul Mellor told Sky News
Pubs and restaurants toast lifting of Plan B Covid restrictions
Now for the other problems such as rising costs and staff shortages
Beer prices set to rise by 50p a pint as costs soar
UKHospitality said pubs were facing “unprecedented” cost increases and would have to raise their food and drink prices
Wetherspoons warns of loss, says Downing St partygoers should have been able to go to pub
The pubs group believes the parties held at No. 10 Downing Street during lockdown in 2020 would not have happened if staff had been able to go to the pub instead