Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the 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: 732.00
Bid: 729.50
Ask: 730.50
Change: -3.50 (-0.48%)
Spread: 1.00 (0.137%)
Open: 760.00
High: 760.00
Low: 729.50
Prev. Close: 735.50
JDW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

JD Wetherspoon Sees Quiet Trade As New Virus Restrictions Take Effect

Mon, 14th Sep 2020 09:07

(Alliance News) - The negative view about safety of pubs during the Covid-19 pandemic has been "widely misunderstood", JD Wetherspoon PLC's Chair Tim Martin said on Monday.

Martin also said that trading was "very quiet" during this past weekend, denouncing newspaper claims that "Britons have promised to run riot" before new tighter government restrictions kick-in.

"In fact, trade was very quiet over the weekend, as the public weighed up the evidence about the alleged dangers of going out - Wetherspoon sales were 22.5% below the equivalent Saturday last year," Martin said.

The coronavirus "rule of six" came into force in England on Monday, meaning any social gatherings of more than six people will break the law.

People face fines of up to GBP3,200 if they do not abide by the new measure, which applies to both indoor and outdoor settings and follows a rapid increase in the number of daily positive cases.

More than 3,000 Covid-19 cases were recorded in the UK for the third day in a row on Sunday, the first time since May that cases were above 3,000 on three consecutive days.

Wetherspoon said it saw 32 million customer visits to its 861 open pubs in the 10 weeks since July 4. It reported 66 positive tests for Covid-19 among its 41,564 employees during the period.

"Most of the reported cases have been mild or asymptomatic and 28 of the 66 employees have already returned to work, after self-isolating in accordance with medical guidelines," Martin said.

Among its 861 open pubs, 811 have had zero positive tests.

"It is clearly not the case that pubs are 'dangerous places to be', Martin said, adding: "Although it is clearly possible for Covid-19 infections to take place in pubs and shops, the evidence indicates that the risk is low, provided social distancing and hygiene rules are followed, and common sense is used."

Wetherspoon said it has invested around GBP15 million in its social distancing and hygiene measures.

In August, the pub chain had said it expects to make a loss for the year to July 26, both before and after exceptional items relating to the Covid-19 pandemic and its associated lockdown.

The company's like-for-like, bar and food sales were down 17% for the 44 days ended August 16.

The FTSE 250 stock was down 3.1% at 898.00 pence each in London on Monday morning, having opened slightly higher.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Oct 2021 16:57

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

Read more
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

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.