Wetherspoon shares swing wildly as profit plunges March 22, 2019 | City Talk Five times the shares failed to make a break above 1,340p stick. Is it sixth time lucky for Wetherspoon? Alongside the usual diatribe against the Brexit process and the tax disparity with supermarkets, pub chain JD Wetherspoon (LSE:JDW) has fallen foul of higher costs, especially with regards to labour. This has impacted the bottom line [...]
Wetherspoon shares fall as it warns that staff wage increase will hurt profits November 7, 2018 J D Wetherspoon shares fell 13 per cent to 1,138p today after it announced a rise in sales, but warned its decision to hand staff a wage increase without increasing prices will impact full-year profits. The pub chain, which has almost 1,000 branches in the UK, said like-for-like sales increased 5.5 per cent and total sales by [...]
JD Wetherspoon share price drops as founder Tim Martin attacks living wage July 15, 2015 Tim Martin, founder and chairman of 900-strong pub group JD Wetherspoon, has hit out at chancellor George Osborne’s living wage policy, claiming it could have an adverse impact on pubs. Martin warned: “The recent government announcement regarding the living wage adds considerable uncertainty to future financial projections in the pub industry.” He said: [...]
Wetherspoon is holding its own in the face of the supermarket price war May 6, 2015 It may be at a “great disadvantage” to supermarkets, but JD Wetherspoon still managed to report an increase in sales. The figures In an interim management statement, the company announced like for like sales were up 1.7 per cent in the 13 weeks to 26 April, and 3.6 per cent for the financial year to [...]
Wetherspoon’s sales flat over Christmas January 21, 2015 TIM MARTIN’S pub chain JD Wetherspoon said yesterday that sales had slowed significantly in its second quarter, blaming cheap supermarket prices for keeping bar receipts flat over the festive season. The company’s stock dropped over two per cent in trading following the news.
Wetherspoons’ Tim Martin sticks by Heineken pub snub in the City after brewer halts beer supply to Dun Laoghaire site December 9, 2014 We love a good bar brawl in The Capitalist and Wetherspoons’ Tim Martin has just smashed a metaphorical bottle over Heineken’s head. Following Heineken’s refusal to sell Heineken and Murphy’s Irish Stout in the British pub chain’s latest Irish outpost, in Dun Laoghaire (because of the below average price point), Wetherspoons’ mulleted founder and chairman [...]
Wetherspoon ends drinks deal with Heineken after supply row December 9, 2014 Wetherspoon is waving bye-bye to Heineken and will pull the brewer's products from all of its 926 pubs, following a fall-out over pricing in Ireland. Wetherspoon said on Tuesday that the Dutch brewer had refused to supply Heineken lager and Murphy's stout to its new pub in Dun Laoghaire, Dublin. The group also said that Heineken had [...]
Sunny autumn boosts sales for Wetherspoon’s November 5, 2014 British pub chain JD Wetherspoon has recorded a like-for-like sales increase of 6.3 per cent in its first quarter of the year, with total sales up 11.3 per cent. The sales increase came despite October being a drag on the quarter’s figures, as like-for-like growth decreased over the month. JD Wetherspoon founder and chairman Tim [...]
JD Wetherspoon share price up as boss claims VAT “biggest danger to pubs” September 12, 2014 JD Wetherspoon has reported record sales and profit in its full-year results, yet founder and chairman Tim Martin has described the government's VAT on pubs as a danger to the industry. Shares in the company have risen 1.31 per cent in early morning trading. Profit before tax and after exceptional items was up [...]
JD Wetherspoon reports “slightly weaker” sales as World Cup fans drink at home July 9, 2014 Pub group JD Wetherspoon has revealed that sales have been slightly weaker during the World Cup, reflecting suggestions fans have been drinking at home during matches instead of going to bars. The results were released as part of a pre-close statement covering the financial year, which ends on 27 July. The statement also showed that like-for-like [...]