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Pin to quick picksWetherspoon (J.D) Share News (JDW)

Share Price Information for Wetherspoon (J.D) (JDW)

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Share Price: 788.50
Bid: 787.50
Ask: 789.00
Change: -0.50 (-0.06%)
Spread: 1.50 (0.19%)
Open: 784.00
High: 798.00
Low: 771.00
Prev. Close: 789.00
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UPDATE 1-UK's Sunak stumps up more help for COVID-hit businesses

Thu, 22nd Oct 2020 12:06

(Recasts after Sunak statement)

By David Milliken and William James

LONDON, Oct 22 (Reuters) - British finance minister Rishi
Sunak on Thursday was forced to offer more financial help to
businesses grappling with a resurgence of the COVID-19 pandemic,
which looks increasingly likely to derail the economic recovery.

Sunak told parliament the government will shoulder more of
the burden for paying employees' wages for businesses that are
still open but experiencing difficulty, and offer more money to
hospitality companies.

The move marks a turnaround for Sunak after he long resisted
calls to extend the generosity of government support schemes.
Opponents have said it was obvious that more help was needed and
that it should have come sooner.

Britain - the worst-hit European nation during the COVID-19
pandemic with more than 44,000 related deaths - is now seeing a
second wave of the virus, recording 26,688 new cases and 191
deaths on Wednesday.

"I've always said that we must be ready to adapt our
financial support as the situation evolves, and that is what we
are doing today. These changes mean that our support will reach
many more people and protect many more jobs," Sunak said.

Some sectors are now in dire straits. An official survey
published earlier on Thursday showed more than a third of
hospitality companies are at risk of going bust.

Sunak said he would offer a new grant to hospitality
businesses worth 2,100 pounds per month that can be claimed
retrospectively to August.

He also tweaked the Job Support Scheme designed to dissuade
businesses from making people redundant and instead keep workers
on reduced hours.

Businesses will now have to pay 5% of the cost of wages for
unworked hours, compared with 33% previously.

Following criticism that the government had done too little
to help self-employed people, Sunak said he would double the
next grants for the self-employed to 20% to 40% of their
previous incomes.

"I hope the government's stepped-up support can be part of
the country pulling together in the coming months," Sunak said.
(Writing by Andy Bruce; editing by Sarah Young)

More News
29 Mar 2023 13:05

Deutsche Bank hikes target price on JD Wetherspoon

(Sharecast News) - Analysts at Deutsche Bank hiked their target price on pub chain JD Wetherspoon from 640.0p to 750.0p on Wednesday, stating demand had been "reset".

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29 Mar 2023 09:28

LONDON BROKER RATINGS: Barclays cuts Smith & Nephew; UBS likes Spirent

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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24 Mar 2023 17:00

LONDON MARKET CLOSE: Banking fears rock equities again

(Alliance News) - Banking sector turmoil returned to hit stocks again on Friday, with Deutsche Bank bearing the brunt of a sell-off, despite words of reassurance from eurozone finance leaders.

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24 Mar 2023 12:06

LONDON MARKET MIDDAY: Stocks in the red amid fresh banking slump

(Alliance News) - Stocks in London were deep in the red at midday on Friday, despite some positive data for the UK private sector, as banking stocks slumped.

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24 Mar 2023 08:53

JD Wetherspoon shares up as it swings to half-year profit, revenue up

(Alliance News) - JD Wetherspoon PLC on Friday said it swung to a half-year profit in line with improving revenue performance, while it expressed cautious optimism about further progress in the financial year and beyond.

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24 Mar 2023 08:44

LONDON MARKET OPEN: Stocks down and sterling softens in wake of BoE

(Alliance News) - Stock prices in London opened in the red on Friday morning, as improved UK retail sales figures failed to lift market mood after two weeks of interest rate hikes by major central banks.

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24 Mar 2023 07:51

LONDON BRIEFING: JD Wetherspoon swings to profit; UK retail sales rise

(Alliance News) - Stocks in London were set to open lower on Friday, after a string of interest rate hikes from a number of major central banks.

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24 Mar 2023 07:04

Wetherspoon swings to H1 profit despite 'ferocious' inflation

(Sharecast News) - JD Wetherspoon shares surged as the pub chain said sales for the last seven weeks were 14.9% higher than the same period last year as it also swung to a half-year profit despite "ferocious" inflationary pressures.

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17 Mar 2023 15:42

UK earnings, trading statements calendar - next 7 days

Monday 20 March 
Jubilee Metals Group PLCHalf Year Results
Tuesday 21 March 
Alliance Pharma PLCFull Year Results
Aptitude Software Group PLCFull Year Results
Boku IncFull Year Results
Diversified Energy Co PLCFull Year Results
Ergomed PLCFull Year Results
Fintel PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Kape Technologies PLCFull Year Results
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Luceco PLCFull Year Results
MP Evans Group PLCFull Year Results
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Pebble Group PLCFull Year Results
Quixant PLCFull Year Results
Science Group PLCFull Year Results
ScS Group PLCHalf Year Results
SThree PLCTrading Statement
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
YouGov PLCHalf Year Results
Zotefoams PLCFull Year Results
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Anpario PLCFull Year Results
Atalaya Mining PLCFull Year Results
BioPharma Credit PLCFull Year Results
Blackbird PLCFull Year Results
Bloomsbury Publishing PLCTrading Statement
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Kenmare Resources PLCFull Year Results
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Pendragon PLCFull Year Results
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Sareum Holdings PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
15 Mar 2023 16:12

Britain helps pubs by raising 'draught relief' on beer

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered some help to pubs on Wednesday by increasing "draught relief", making the rate of duty on draught beer and cider up to 11 pence lower than the charge on cans or bottles bought in a supermarket from August.

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15 Mar 2023 13:24

UK BUDGET: Chancellor says "plan is working" as UK to avoid recession

(Alliance News) - The UK will avert a recession this year, Chancellor Jeremy Hunt said on Wednesday, as he set out a GBP94 billion package to help households weather the cost-of-living crisis as part of his spring budget.

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15 Mar 2023 12:54

Britain helps pubs by raising 'draught relief' on beer

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered extra help to pubs by reducing the tax paid on draught beers and ciders, resulting in the duty paid on a pint served in a bar undercutting the rate paid by supermarkets by up to 11 pence.

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13 Mar 2023 11:56

IN BRIEF: JD Wetherspoon to open new pub in O2 centre in London

JD Wetherspoon PLC - Watford, Hertfordshire-based pub and hotel chain - Set to open new pub in the O2 centre in London on Tuesday next week. The Stargazer is named in honour of Edmund Halley, who was astronomer royal at nearby Greenwich Observatory. It will feature a 3,800 square foot beer garden and employ 85 staff. JD Wetherspoon says it invested GBP2.9 million in the new pub.

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1 Feb 2023 14:54

Director dealings: JD Wetherspoon chairman ups stake

(Sharecast News) - JD Wetherspoon revealed on Wednesday that chairman Tim Martin had acquired 2.6m ordinary shares in the FTSE 250-listed pub chain.

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31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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