Wetherspoon boss Tim Martin nets almost £10m in share sale The share sale has reduced his stake in the firm from 25.68% to 24.58%, or 30.38 million shares. The founder of JD Wetherspoon has sold almost £10 million worth of shares in the pub giant. Shares in the business dropped
Wetherspoon profits jump as Covid recovery continues Wetherspoon profits jump as Covid recovery continues Pub chain Wetherspoon has reported an eightfold jump in profits, saying its recovery from the Covid pandemic is continuing. Pre-tax profits leapt from £4.6m to £36m in the first six months of the financial year, as
Global stocks rise amid hopes of China economy boost Global stocks rise amid hopes of China economy boost The FTSE 100 moved 41.94 points higher, or 0.56%, to close at 7,527.67. The UK’s top share index was buoyed by gains for mining giants on Wednesday as global stock markets surged
Buoyant bank shares support strong trading session for London markets Buoyant bank shares support strong trading session for London markets The FTSE 100 moved 1.83%, or 133.59 points, higher to finish at 7,416.11. Banking stocks helped lead the charge on Wednesday as London stocks had a strong trading session while
Wetherspoon sees sales come under pressure Wetherspoon sees sales come under pressure The pub chain said like-for-like sales dropped 1.1% in the five weeks to November 6 when compared with pre-pandemic trading in 2019. JD Wetherspoon has revealed slowing sales and said it is facing “substantially higher” costs across the
Global stocks sink as all eyes on mass tech sector lay-offs Global stocks sink as all eyes on mass tech sector lay-offs Free 221224 The FTSE 100 ended the day 9.89 points lower, down 0.14%, at 7,296.25. European and US stocks drifted into the red as a second round of
Full list of 9 London pubs facing closure as Wetherspoon puts sites up for sale amid soaring costs Full list of 9 London pubs facing closure as Wetherspoon puts sites up for sale amid soaring costs JD Wetherspoon has warned it would slip to an annual loss after hiking staff
Wetherspoon boss attacks ‘up the spout’ City rules Wetherspoon boss attacks ‘up the spout’ City rules JD Wetherspoon chairman Tim Martin says Britain’s corporate governance rules are creating “short-termism, inexperience and navel-gazing”. The pub chain boss said the system is “up the spout – and is itself a threat to
Wetherspoons warns of pricier pints Wetherspoons warns of pricier pints Wetherspoons has reported record annual sales and profits, but warned that prices and costs are likely to rise in the coming months. The pub chain led by Tim Martin said like-for-like sales, which exclude new pubs, rose 5% in the
Wetherspoons chairman criticises ‘dinner party’ Budget Wetherspoons chairman criticises ‘dinner party’ Budget The chairman of JD Wetherspoons has criticised the Chancellor for a “dinner party” Budget that failed to tackle tax inequalities between pubs and supermarkets. Tim Martin said pubs paid 20% VAT on food sales while supermarkets paid “almost
JD Wetherspoon aims to triple breakfast and coffee sales JD Wetherspoon aims to triple breakfast and coffee sales Pub chain JD Wetherspoon says it wants to triple its coffee and breakfast sales over the next 18 months. The company is cutting the price of coffee and breakfast in a bid
Wetherspoon boss Business leaders and politicians talking ‘nonsense’ on Scotland Wetherspoon boss Business leaders and politicians talking ‘nonsense’ on Scotland The boss of pub chain JD Wetherspoon, Tim Martin, has accused business leaders and politicians of talking “nonsense” over Scottish independence. He told the BBC “Scotland could do very well
Wetherspoon sees record sales of ales and ciders Wetherspoon sees record sales of ales and ciders Pub chain J D Wetherspoon, external said record sales of traditional ales and ciders helped push up profits over the past year. Profit before tax and exceptional items was up 6.3% to £76.9m. Over
JD Wetherspoon posts 2.7% profit drop JD Wetherspoon posts 2.7% profit drop Pubs chain JD Wetherspoon posted a 2.7% drop in profit, taking in £34.8m in the first half of its fiscal year. Although sales increased as a result of value deals, higher taxes and increased labour costs decreased profitability.
Wetherspoon pub group cautious on prospects Wetherspoon pub group cautious on prospects Pub group JD Wetherspoon has reported a decline in recent underlying sales and says it is cautious about the outlook for the next financial year. The company said like-for-like sales had dipped 0.8% in the 13 weeks to
Promotion helps Wetherspoon sales Promotion helps Wetherspoon sales Pub operator JD Wetherspoon has reported a rise in sales after reducing the cost of a pint of beer to 99p. The company said its sales in the last two weeks of trading were up 6.4% compared to a 2.6% rise in
Meal deals help Wetherspoon sales Meal deals help Wetherspoon sales Pub chain JD Wetherspoon says food and drink deals helped lure customers through its doors, despite the smoking ban introduced in England a year ago. The group, which owns 700 pubs in the UK, saw like-for-like sales rise 0.4% over
Smoke ban costs hit Wetherspoon’s Smoke ban costs hit Wetherspoon’s Pub group JD Wetherspoon has warned its annual profits may miss forecasts because of the costs of preparing its pubs for the smoking ban in England. Earlier bans in Wales and Scotland had a similar effect, the group said. Wetherspoon’s
Wetherspoon profits in 31% drop Wetherspoon profits in 31% drop UK pubs group JD Wetherspoon saw its first-half profits fall by 31%, blaming the fall on rising overheads, such as energy and wage bills. Pre-tax profits fell in the six months to 23 January to £14.3m ($27.3m) from £20.7m in
Non-smoking pubs hit Wetherspoon Non-smoking pubs hit Wetherspoon Pub chain JD Wetherspoon has said profits at its non-smoking pubs have come under pressure as the outlets sell less beer but more food. However, the firm said it remained “convinced” that smoke-free pubs were “the way forward”. It currently has 17
Wetherspoon pubs ban smoking Wetherspoon pubs ban smoking JD Wetherspoon is to ban smoking in all its 650 pubs by May 2006 amid fears smoky pubs are deterring customers. The firm, which has already pioneered non-smoking areas in its bars and lounges, said that 60 of its pubs will become
An Asian female in an outdoor bar Wetherspoon cuts back pub openings The founder of pubs group JD Wetherspoon has said the firm is “reining back” on new pub openings because of excessive red tape and taxes. Tim Martin, the firm’s chairman, also warned that the pub industry as a
Portrait of vintage barman workin in bar. Pouring and preparing cocktails Wetherspoon slumps on profit warning Shares in pub group JD Wetherspoon have slumped by more than a quarter, after the group warned that profits for the year could fall as much as 10% below original expectations. The pub chain,
