Goldplat CEO Werner Klingenberg discusses dividend policy, share buybacks and the Kilimenpesa sale. Watch the full video 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: 1,167.00
Bid: 1,162.00
Ask: 1,165.00
Change: 17.00 (1.48%)
Spread: 3.00 (0.26%)
Open: 1,150.00
High: 1,177.00
Low: 1,135.00
Yest. Close: 1,150.00
JDW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

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

Wetherspoon rises but Sunak disappoints on pub support

Wed, 3rd Mar 2021 15:34

(Sharecast News) - Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.
Sunak extended the reduced 5% rate of VAT for hospitality businesses from 31 March to September followed by a still-lower rate of 12% until March 2022. The move should allow pubs currently shut under lockdown to benefit from lower VAT on food and soft drinks when they reopen.

Wetherspoon, which relies on food for about a third of its sales, were up 5.5% to £13.15 at 15:50 GMT though the shares were down from their session high of £13.32. M&B shares rose 5.2% but were also lower than their intraday peak.

There was no reduction of VAT on alcohol served in bars, leaving so-called wet-led pubs with no extra support though Sunak froze alcohol duty. Shares of Fuller, Smith & Turner, which brews its own beer and whose pubs rely more on alcohol sales, fell 4.5% to 854p.

Dawn Hopkins, vice-chair of the Campaign for Pubs, said: "Rishi Sunak either still doesn't understand or doesn't care about the classic community-led pub as he has yet again discriminated against them with a food-only VAT cut that funnels millions to the likes of McDonald's and KFC, who don't need it but does nothing for wet-led pubs."

Shares of Marston's, which sold most of its brewing business to Heineken last year and whose pubs concentrate on serving meals, rose 3.6% to 98.96p. Young & Co, which sold no longer brews beer, rose 3.6% to £14.81.

More News

SMALL-CAP WINNERS & LOSERS: Marston's rebounds after leisure sell-off

SMALL-CAP WINNERS & LOSERS: Marston's rebounds after leisure sell-off

20 Jul 21 11:02

LONDON MARKET MIDDAY: Lockdown lifting marred by Covid surge concern

LONDON MARKET MIDDAY: Lockdown lifting marred by Covid surge concern

19 Jul 21 12:14

JD Wetherspoon to employ past lockdown measures as restrictions lift

JD Wetherspoon to employ past lockdown measures as restrictions lift

16 Jul 21 18:03

LONDON MARKET CLOSE: Stocks in buoyant mood ahead of FOMC minutes

LONDON MARKET CLOSE: Stocks in buoyant mood ahead of FOMC minutes

7 Jul 21 17:24

TOP NEWS: Wetherspoon bounce blocked by football; warns of price hikes

TOP NEWS: Wetherspoon bounce blocked by football; warns of price hikes

7 Jul 21 08:53

Wetherspoons still expecting a full-year loss

(Sharecast News) - Pub chain Wetherspoons said on Wednesday that it still expects to make a full-year loss as like-for-like sales have continued to fall despite easing Covid-19 restrictions.

7 Jul 21 08:08

LONDON MARKET CLOSE: Freedom day optimism drives travel stocks

LONDON MARKET CLOSE: Freedom day optimism drives travel stocks

5 Jul 21 17:24

LONDON MARKET MIDDAY: Morrisons lifts grocers; airlines eye reopening

LONDON MARKET MIDDAY: Morrisons lifts grocers; airlines eye reopening

5 Jul 21 12:30

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

30 Jun 21 16:03

LONDON MARKET MIDDAY: Oil majors and landlords keep FTSE 100 in green

LONDON MARKET MIDDAY: Oil majors and landlords keep FTSE 100 in green

22 Jun 21 12:08

EU citizens seeking employment in UK down 36% since Brexit

(Sharecast News) - The number of EU citizens searching for employment in the UK has fallen by over a third since Brexit.

17 Jun 21 08:55

LONDON MARKET CLOSE: Leisure stocks shake off extended lockdown

LONDON MARKET CLOSE: Leisure stocks shake off extended lockdown

15 Jun 21 17:06

LONDON MARKET CLOSE: Oil majors drive FTSE; Johnson to extend lockdown

LONDON MARKET CLOSE: Oil majors drive FTSE; Johnson to extend lockdown

14 Jun 21 16:58

Wetherspoon denies report of staff shortages and plea for EU migration

Wetherspoon denies report of staff shortages and plea for EU migration

2 Jun 21 13:53

Pro-Brexit Wetherspoon boss wants liberal migration to fill jobs gap

(Sharecast News) - Outspoken hard-Brexit fan and Wetherspoons boss Tim Martin has called for a more "liberal" immigration policy - because he can't find enough staff to work in his pubs.

2 Jun 21 10:28

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.