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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: 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
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Pub groups toast stronger sales as restaurants continue to struggle

Mon, 11th Mar 2019 11:17

(Sharecast News) - Pub sales picked up last month after a dry January but restaurants continued to falter, industry research published on Monday showed.Overall, Britain's managed pub and restaurant groups saw collective like-for-like sales rise 0.3% in February, according to the Coffer Peach Business Tracker. Of that, managed pubs saw a 1.4% increase, with drinks-led pubs the strongest performers; drink sales rose 3.5% while food fell 0.9%.In January, managed pub sales fell 1.4%.Trading at restaurant groups, however, continued to be tough. Sales fell 1.7% last month compared to February 2018.Karl Chessell, director of consultancy CGA, which produces the Tracker, said: "The mini heatwave towards the end of the month boosted pub trading, and also helped restaurant sales. But unfortunately it wasn't enough to move the whole market much."The branded restaurant sector is still suffering from declining sales and despite a better end to the month, early February was generally poor for restaurants."Branded restaurant chains surged in popularity in recent years. But the market is now struggling with over supply.Mark Sheehan, managing director of Coffer Corporate Leisure, said: "There is no quick fix for the restaurant sector. Oversupply in some areas will mean that we may continue to see negative numbers for the foreseeable future, especially within the M25 where competition is fiercest."In London, pub sales rose 3% last month while restaurants saw a 2.2% decline. Outside the M25, pub sales nudged 0.9% higher but restaurant sales fell 1.2%.Douglas Jack, analyst at Peel Hunt, argued that if it had not been for the warm weather, restaurant sales could have been as low as -2.5%.He added: "Overall, we believe pubs are well positioned, exploiting growth demand for competitive socialising and premium drinks products."Anna Barnfather, analyst at Liberum, said the strong performance of London pub groups "bodes well for City Pubs - which report full-year results on 9 April - and JD Wetherspoons, which reports interims on 15 March, but creates a more challenging backdrop for The Restaurant Group. Also favourable for London pub company's Fullers and Young's."The Coffer Peach Tracker collates and analyses performance data from 51 operating groups which have a combined turnover of more than £9bn.
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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
Kingfisher PLCFull Year Results
Luceco PLCFull Year Results
MP Evans Group PLCFull Year Results
Ocado Group PLCTrading Statement
Oxford Nanopore Technologies PLCFull Year Results
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
Wednesday 22 March 
Anpario PLCFull Year Results
Atalaya Mining PLCFull Year Results
BioPharma Credit PLCFull Year Results
Blackbird PLCFull Year Results
Bloomsbury Publishing PLCTrading Statement
Essentra PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Genel Energy PLCFull Year Results
Gresham House PLCFull Year Results
Hostelworld Group PLCFull Year Results
Judges Scientific PLCFull Year Results
Kenmare Resources PLCFull Year Results
Mpac Group PLCFull Year Results
Pendragon PLCFull Year Results
Pharos Energy PLCFull Year Results
Sareum Holdings PLCHalf Year Results
Ten Entertainment Group PLCFull Year Results
Tribal Group PLCFull Year Results
Vistry Group PLCFull Year Results
Thursday 23 March 
Energean PLCFull Year Results
Playtech PLCFull Year Results
Pollen Street PLCFull Year Results
Portmeirion Group PLCFull Year Results
Safestyle UK PLCFull Year Results
Friday 24 March 
Ceres Power Holdings PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
NAHL Group PLCFull Year Results
Smiths Group PLCHalf Year Results
Sopheon PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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