Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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: 0.00
Ask: 760.00
Change: 0.00 (0.00%)
Spread: 30.50 (4.181%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 732.00
JDW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wetherspoon founder hits out at Brexit "doom-mongers"

Wed, 13th Jul 2016 10:34

* Founder critical of IMF, BoE, CBI

* Says UK economic prospects to improve after Brexit

* Pub trade "strengthened slightly" in recent weeks

LONDON, July 13 (Reuters) - Britain's economic prospectswill improve after Brexit, the founder of pubs group JDWetherspoon said on Wednesday, lashing out at the"irresponsible doom-mongering" of politicians, banks and companybosses in the run up to the referendum.

Tim Martin, who chairs the company, was a prominentcampaigner for Britain to leave the European Union, appearing intelevision debates before the June 23 vote and distributing halfa million beer mats challenging statistics used by thegovernment.

In comments in a trading statement on Wednesday, Martin hitout at the "extremely negative" forecasts for the Britisheconomy, including from UK finance minister George Osborne,Christine Lagarde, the head of the International Monetary Fund,Bank of England Governor Mark Carney, the Confederation ofBritish Industry, Goldman Sachs and many of the bosses ofBritain's biggest businesses.

"(These) individuals and organisations are either dishonest,or they have a poor understanding of economics, since democracyand prosperity are closely linked and the EU is clearlyundemocratic," he said.

"By voting to restore democracy in the UK, I believe theUK's economic prospects will improve, although it is quitepossible that the unprecedented and irresponsible doom-mongering... may lead to some kind of slowdown."

The vote for Brexit caused turmoil in financial markets andhas hit consumer confidence in Britain. The boss of Britishsupermarket group Sainsbury's Mike Coupe last weekhighlighted the danger of Britain talking itself into arecession.

A survey published last week showed British consumerconfidence suffered one of its biggest drops in 21 years in thewake of vote, though many British firms have said it is too soonto predict the consequences of Brexit.

Martin said Wetherspoon's trade had actually strengthenedslightly in recent weeks and he anticipated a "modestly improvedoutcome" for the current financial year.

British luxury brand Burberry and online fashionretailer ASOS have both said they expect to benefitfrom the depreciation of the pound versus sterling in the wakeof the Brexit vote.

Shares in Wetherspoon, up 9 percent over the last threemonths, were up 2.6 percent at 761 pence by 0856 GMT, valuingthe business at 853 million pounds.

For the 11 weeks to 10 July sales at Wetherspoon's pubs openover a year increased by 4.0 percent, while total sales were up3.8 percent.

The full-year operating margin before exceptional items andbefore a 3.8 million pounds gain on property was forecast at 6.8percent, compared to 7.4 percent last year. (Reporting by James Davey. Editing by Jane Merriman)

More News
9 Nov 2022 11:13

JD Wetherspoon shares down as most recent sales fall below pre-Covid

(Alliance News) - JD Wetherspoon PLC on Wednesday said like-for-like sales in the early stages of its current financial year are ahead of pre-virus levels, but in the "last" five weeks, sales were 1.1% lower than during the same period in 2019.

Read more
9 Nov 2022 10:49

What matters? U.S. elections or the Fed?

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

Read more
9 Nov 2022 09:13

STOXX slips ahead of U.S. midterm results, Ithaca debuts

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

Read more
9 Nov 2022 07:53

LONDON BRIEFING: Flutter ups US outlook; Aviva backs payout guidance

(Alliance News) - Shares in London are set to open lower on Wednesday, with virus worries in China harming sentiment once again, while attention also is on US politics.

Read more
9 Nov 2022 07:24

Sales rise at Wetherspoons but October sees slowdown

(Sharecast News) - Pub chain JD Wetherspoon posted a rise in sales on Wednesday as it continues to recover from pandemic restrictions, but said it had seen a slight slowdown in October.

Read more
2 Nov 2022 15:43

UK earnings, trading statements calendar - next 7 days

Thursday 3 November 
BT Group PLCHalf Year Results
Gattaca PLCFull Year Results
Glanbia PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Lancashire Holdings LtdTrading Statement
OSB Group PLCTrading Statement
Polymetal International PLCQ3 Results
RS Group PLCHalf Year Results
Rolls-Royce Holdings PLCTrading Statement
Smith & Nephew PLCTrading Statement
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
UP Global Sourcing Holdings PLCFull Year Results
WAG Payment Solutions PLCTrading Statement
Wheaton Precious Metals CorpQ3 Results
Woolworths Group LtdQ1 Results
Friday 4 November 
Apax Global Alpha LtdFull Year Results
Monday 7 November 
Great Eastern Energy Corp LtdHalf Year Results
Kingspan Group PLCTrading Statement
Ryanair Holdings PLCHalf Year Results
Tuesday 8 November 
Argentex Group PLCHalf Year Results
Associated British Foods PLCFull Year Results
Aveva Group PLCHalf Year Results
Beximco Pharmaceuticals LtdFull Year Results
Coca-Cola HBC AGTrading Statement
DCC PLCHalf Year Results
Direct Line Insurance Group PLCTrading Statement
Egdon Resources PLCFull Year Results
Hilton Food Group PLCTrading Statement
Marks Electrical Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Persimmon PLCTrading Statement
Warehouse REIT PLCHalf Year Results
YouGov PLCFull Year Results
Zoo Digital Group PLCHalf Year Results
Wednesday 9 November 
Aviva PLCTrading Statement
Biffa PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
Flutter Entertainment PLCTrading Statement
Gelion PLCFull Year Results
Georgia Capital PLCQ3 Results
Gym Group PLCTrading Statement
JD Wetherspoon PLCTrading Statement
ITV PLCTrading Statement
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Norcros PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Smiths News PLCFull Year Results
Taylor Wimpey PLCTrading Statement
Tracsis PLCFull Year Results
Volex PLCHalf Year Results
Watches of Switzerland Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

Read more
13 Oct 2022 10:14

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
7 Oct 2022 17:09

LONDON MARKET CLOSE: US jobs data strengthens case for hawkish Fed

(Alliance News) - Stocks in London ended in the red on Friday as US employment levels advanced at quicker pace than expected, strengthening the case for another 75 basis point rate hike by the US Federal Reserve.

Read more
7 Oct 2022 12:13

LONDON MARKET MIDDAY: Investors hope nonfarms will force Fed to relent

(Alliance News) - London's FTSE 100 edged higher on Friday, despite simmering geopolitical tensions, US Federal Reserve hike worries and wider market trepidation ahead of the latest US jobs report later.

Read more
7 Oct 2022 11:37

Wetherspoon's loss shrinks as younger crowd lift spirits

FY losses narrow

*

Read more
7 Oct 2022 09:59

TOP NEWS: JD Wetherspoon shares jump on strong start to new year

(Alliance News) - JD Wetherspoon PLC on Friday reported higher annual revenue and a rise in like-for-like sales in the first nine weeks of financial 2023, but said performance predictions are hard to make due to higher labour and repair costs.

Read more
7 Oct 2022 08:46

LONDON MARKET OPEN: European markets tread water ahead of US jobs data

(Alliance News) - Stock prices in London opened mixed, as less-than-positive local economic data unnerved investors ahead of a critical US jobs print.

Read more
7 Oct 2022 07:44

LONDON BRIEFING: Stocks to open lower ahead of US jobs data

(Alliance News) - Stocks in London were called lower on Friday ahead of key US jobs data, and after further hawkish cues from the US Federal Reserve.

Read more
7 Oct 2022 07:10

Wetherspoons narrows losses as current yr sales rise 10%

(Sharecast News) - Shares in Wetherspoons surged on Friday as the UK pub chain narrowed annual losses and said like-for-like sales in the first nine weeks of the current financial year were up 10% despite soaring costs, but warned it faced a challenge to lure drinkers back into its venues.

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.