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 [...]
Investors await the result of General Election – London Report May 4, 2015 ALL EYES will be on the political polls this week, as the nation gears up for the General Election on Thursday. With little to separate the popularity of the leading parties, the Conservatives and Labour, many expect no party will gain a majority, while many investors and property buyers are holding off from making decisions [...]
Best of the Brokers for 07 April 2015 April 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HARGREAVES LANSDOWN Numis downgraded HL to a “hold” rating. It still believes the firm will outperform its peers, but thinks a very strong recent share price run is not matched by a small mark to market upgrade. JD WETHERSPOONS Canaccord Genuity reiterated its [...]
Budget 2015: Boozers set for a boost with cuts to beer, cider and Scotch duties March 18, 2015 Britain’s publicans raised a toast after further cuts to alcohol duties were announced in the 2015 Budget. With 1p off a pint and two per cent off cider duty, it marks the third year in a row duties have been cut. However, Britain’s budding wine growers will be disappointed as their duty was frozen. Ernst [...]
Wetherspoons profits drop: Pub chain looks for new weapons in push against supermarket price war March 13, 2015 JD Wetherspoon could be a victim of the supermarket price war. To fight the discounters, the pub chain offers competitive prices for breakfasts and Lavazza coffees – of which it has already sells 50m cups a year- between certain hours. It also sells 24m breakfasts a year and hopes to triple the sales of both [...]
Shoppers likely to be pausing after 2014 spree – London Report March 9, 2015 BRITISH Retail Consortium (BRC) retail sales figures for February are likely to show shoppers took a pause after a spending spree in the fourth quarter of last year. The figures, due out overnight tonight, are forecast to follow similar data from the Confederation of British Industry, which showed softer spending in February. The CBI data [...]
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.
Consumers win with rise in jobs and earnings – London week ahead January 18, 2015 UNEMPLOYMENT is falling while earnings are rising, figures out this week are expected to show, sending good news for consumers. Data due out on Wednesday is likely to show the labour market continuing to strengthen. Howard Archer, of IHS Global Insight, said: “We expect claimant count to have fallen by 25,000 in December to stand [...]
Spectre of beer barred as Bond reorders Martini December 15, 2014 AFTER Wetherspoon’s called final orders on serving Heineken in any of its pubs last week, it looks like the Dutch brewers will not be featuring in next year’s Bond film either. Vodka has been revealed as Bond’s drink-of-choice for Spectre, due for global release in November 2015, after Beldevere Vodka was announced as the franchise’s [...]
Wetherspoon breaks ties with Heineken after supplier dispute December 9, 2014 BRITISH pub chain JD Wetherspoon announced yesterday that it would no longer sell Heineken products at any of its 926 pubs across the UK and Ireland, following a dispute between the companies. The Watford-based pub operator said the Dutch brewer had refused to supply its own-brand lager and Murphy’s Stout to Wetherspoon’s new pub in [...]