REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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

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

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 761.50
Bid: 761.00
Ask: 762.50
Change: 3.50 (0.46%)
Spread: 1.50 (0.197%)
Open: 760.00
High: 767.00
Low: 755.50
Prev. Close: 758.00
JDW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Wetherspoon calls for "sensible" UK rules as pub losses mount

Fri, 16th Oct 2020 07:46

(Adds details on results; other job cuts)

Oct 16 (Reuters) - The head of British pub operator J D
Wetherspoon warned on Friday of the threat posed to his
industry and the wider economy from measures to try to contain
the coronavirus, after the company sank to an annual loss.

Announcing a further 108 job cuts, this time at the
company's head office, Wetherspoon said its pretax profit had
sunk from 102 million pounds in the financial year ending July
2019 to a 34 million pound loss in the year to July 26.

The statement follows Marston's announcement of up
to 2,150 job losses earlier this week, and warnings from pub
bosses across northern England that the latest round of
restrictions will wipe out their businesses.

"The company and the entire hospitality industry need a more
sensible and consistent regulatory framework in which to
operate," said Chairman Tim Martin, who has been an outspoken
opponent of coronavirus restrictions for much of this year.

"The current environment of lockdowns, curfews and
constantly changing regulations and announcements threatens not
only pub companies, but the entire economy," he added.

Wetherspoon employed around 43,000 people at the end of its
last financial year and had already said it would cut up to 130
jobs at its head office and 400 to 450 employees at airport
concessions.

Shares in the company, which have already sunk this year,
were expected to fall another 3% at opening.

($1 = 0.7755 pounds)
(Reporting by Aakash Jagadeesh Babu and Yadarisa Shabong in
Bengaluru; editing by Patrick Graham)

More News
27 Oct 2021 15:42

UPDATE 1-Britain's pubs boosted by major overhaul of alcohol taxes

* UK announces simplification of alcohol duties* Planned increase in alcohol taxes scrapped* Pub company shares rise (Adds details)By Andrew MacAskillLONDON, Oct 27 (Reuters) - British finance minister Rishi Sunak announced what he called the bigge...

Read more
27 Oct 2021 14:06

Pub shares rally as chancellor announces 'draught relief'

(Sharecast News) - Shares in pub chains rallied on Wednesday after Chancellor Rishi Sunak announced a new tax relief for pubs in the autumn Budget.

Read more
27 Oct 2021 13:28

UK to simplify alcohol taxes, scraps planned increase in duty

LONDON, Oct 27 (Reuters) - British finance minister Rishi Sunak scrapped a planned increase in duty on alcohol worth about 3 billion pounds ($4 billion) and simplified taxes to help pubs as they struggle to recover from the coronavirus pandemic.In...

Read more
27 Oct 2021 10:10

UPDATE 2-FTSE 100 slips, midcaps gain after UK growth forecast lifted

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Bloomsbury jumps on dividend raise* Sunak upgrades UK growth forecast* Pub operators gain as alcohol duty scrapped* FTSE 100 down 0.3%, FTS...

Read more
27 Oct 2021 10:10

UPDATE 3-FTSE 100 slips, midcaps gain after UK growth forecast lifted

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Bloomsbury jumps on dividend raise* Sunak upgrades UK growth forecast* Pub operators gain as alcohol duty scrapped* FTSE 100 down 0.3%, FTS...

Read more
19 Oct 2021 09:32

LONDON BROKER RATINGS: Upgrades for Pearson; Berenberg cuts IAG, Wizz

LONDON BROKER RATINGS: Upgrades for Pearson; Berenberg cuts IAG, Wizz

Read more
19 Oct 2021 08:13

LONDON BRIEFING: UK CMA probes Meggitt takeover and streaming music

LONDON BRIEFING: UK CMA probes Meggitt takeover and streaming music

Read more
4 Oct 2021 09:26

LONDON BROKER RATINGS: Upgrades for Burberry, Future and Wetherspoon

LONDON BROKER RATINGS: Upgrades for Burberry, Future and Wetherspoon

Read more
4 Oct 2021 08:04

LONDON BRIEFING: Ryanair and Wizz see passenger rebound as rules eased

LONDON BRIEFING: Ryanair and Wizz see passenger rebound as rules eased

Read more
1 Oct 2021 17:05

LONDON MARKET CLOSE: Rocky start to October as inflation fears persist

LONDON MARKET CLOSE: Rocky start to October as inflation fears persist

Read more
1 Oct 2021 12:16

LONDON MARKET MIDDAY: Stocks fall as Biden spending plan under threat

LONDON MARKET MIDDAY: Stocks fall as Biden spending plan under threat

Read more
1 Oct 2021 08:56

LONDON MARKET OPEN: Stocks down; AO World sinks as Covid boost fades

LONDON MARKET OPEN: Stocks down; AO World sinks as Covid boost fades

Read more
1 Oct 2021 08:34

UPDATE 3-European stocks hit 2-month lows on inflation worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* STOXX 600 enters Oct with declines* UK companies warn of staff crunch* Tech, miners, banks among biggest fallers (Adds comments, updates p...

Read more
1 Oct 2021 08:18

LONDON BRIEFING: AO World sees pandemic boost fade; Greencore rebounds

LONDON BRIEFING: AO World sees pandemic boost fade; Greencore rebounds

Read more
1 Oct 2021 07:56

TOP NEWS: Wetherspoons sales continue to fall after 38% drop in year

TOP NEWS: Wetherspoons sales continue to fall after 38% drop in year

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.