JD Wetherspoon toasts Christmas sales but warns on debt January 22, 2020 Pub chain JD Wetherspoon reported this morning that sales were up over the Christmas period, but warned that full-year debt will be higher than expected due to a spike in capital expenditure. The pub operator said like-for-like sales in the 12 weeks to 19 January increased 4.7 per cent, and total sales were up 4.2 [...]
Wetherspoon to slash prices of drinks on Brexit Day January 20, 2020 Pub chain JD Wetherspoon is planning to celebrate Brexit by slashing the prices of a selection of drinks on 31 January as the UK leaves the EU. The offer will reduce prices of drinks from across Europe, including Estrella Galicia, Beck’s and Peroni, by around 60p. The promotion – which will run until 29 February [...]
All Bar One owner Mitchells & Butlers posts ‘good, not great’ Christmas sales January 9, 2020 Pub chain Mitchells & Butlers enjoyed a solid rise in like-for-like sales over Christmas, but suffered from strong comparative sales the year before. The core three-week festive period saw the firm’s pub chains – which include All Bar One, Ember Inns and Harvester – enjoy comparable sales growth of 5.6 per cent. Read more: Wetherspoon [...]
UK stocks 2020: Which shares are City A.M. staff backing in the new year? December 30, 2019 The UK stock market looks set to end the year on a high after the Tories’ election win and progress in US-China trade talks alleviated the uncertainty that has weighed on markets for months. But the road ahead is far from clear, with the looming Brexit date of 31st January and various upcoming trade negotiations [...]
Wetherspoons resolves pigs in blankets shortage in time for Christmas December 17, 2019 JD Wetherspoon customers can breathe a sigh of relief as pigs in blankets are back on the menu in the run up to Christmas following a shortage earlier this week. Pigs in blankets had been served without their blankets in some pubs due to supply chain problems earlier this week. Read more: Which wines to [...]
Booze boom: UK pub numbers grow for the first time in a decade December 11, 2019 The number of UK pubs and bars grew in 2019, sparking hopes of a turnaround in fortunes for Britain’s boozers after a decade of decline. New figures from the Office of National Statistics (ONS) revealed that there was a net gain of 320 pubs this year. Read more: UK restaurants and pubs hope for festive [...]
Wetherspoon’s boss Tim Martin says he is concerned about Labour’s plans for the economy December 10, 2019 Wetherspoon’s boss Tim Martin said today that he is concerned about the Labour Party’s plans for the economy. “I’m worried by [Jeremy] Corbyn and [John] McDonnell’s plans. Wetherspoon has thrived in a free market economy under Conservative and Labour governments and the current Labour leadership prefers state ownership and control,” he told City A.M. A [...]
Wetherspoons heads to the bar for £200m splurge on 10,000 new jobs December 10, 2019 Pub group JD Wetherspoons is set to spend £200m on its pub estate over the next four years creating up to 10,000 new jobs, it said today. The pub chain said it would invest the money developing new pubs and hotels as well as enlarging its existing pubs across the UK and the Republic of [...]
Wetherspoons shareholders back Tim Martin after corporate governance row November 21, 2019 Outspoken JD Wetherspoon boss Tim Martin has emerged victorious from his clash with a proxy adviser after shareholders voted overwhelmingly in his support. More than 98 per cent of investors voted to re-elect Martin, who founded the company in 1979, as executive chairman at the budget pub chain’s annual general meeting today. Read more: Wetherspoons [...]
Wetherspoon boss Tim Martin launches attack on City regulators November 13, 2019 JD Wetherspoon boss Tim Martin lashed out at proxy advisor Pirc this morning, branding the firm’s recommendations to shareholders unhelpful to “business and the country”. In a wide-ranging attack on corporate governance, Martin slammed Pirc’s advice as “toxic” and called major Wetherspoon shareholders Columbia Threadneedle and Blackrock “hypocrites”. Read more: Wetherspoon faces backlash over Brexit [...]