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 [...]
Wetherspoons warns on April pub slowdown May 7, 2014 JD WETHERSPOON yesterday warned that slowing sales in April had left it cautious concerning its final quarter, despite reporting higher third-quarter sales. The pub chain said that sales for the 13 weeks to 27 April at pubs open over a year rose 6.2 per cent, although April had missed its own expectations. “As a result [...]
JD Wetherspoon boss launches another attack on VAT March 14, 2014 The chief executive of high street pub chain JD Wetherspoon has again condemned the tax advantages supermarkets get over pubs. In a statement as part of the company’s interim financial results, Tim Martin said: The biggest danger to the pub industry is the continuing tax disparity between supermarkets and pubs. Thanks mainly to the work [...]
JD Wetherspoon reveals rise in Christmas sales January 22, 2014 JD WETHERSPOON reported strong results over the Christmas and New Year period yesterday, the latest in a series of UK pubs to benefit from the holiday season. Like-for-like sales for the twelve weeks of the second quarter were up by 6.7 per cent and total sales by 10.6 per cent, while year to date like-for-like [...]
Wetherspoons founder hits out at Labour’s pub regulation plan January 21, 2014 THE FOUNDER of the pub chain JD Wetherspoon has hit back, after a Labour minister called for tighter regulations for pub companies. Tim Martin said that although he thinks Punch Taverns and Enterprise have not treated some tenants well, tighter regulation would punish family-run companies who do a good job and try to be fair. “The [...]
Wetherspoons ups target to open new pubs November 6, 2013 PUB OPERATOR JD Wetherspoons yesterday raised its target for new pub openings in 2014 and said like-for-like sales were up 3.7 per cent during the first quarter to 27 October. Wetherspoons plans to open between 40 and 50 new pubs this year, it said in an interim management statement yesterday, up from its earlier target of [...]