All JD Wetherspoon articles – Page 48
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NewsJDW London pub acquired for £8.4m
A pub let to JD Wetherspoon in central London has been acquired for £8.4m by AXA Real Estate
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Weekend Press
Weekend press round-up, 31 August-1 September
RestaurantsCote tempts new suitorRichard Caring is edging closer to a deal to sell his Cote brasserie chain for about £100m. CBPE, the private equity firm that was once part of Close Brothers investment bank, is in talks to buy the 45-strong chain.It has leapfrogged Bridgepoint, a rival firm best known ...
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NewsJDW eyes Ireland debut
JD Wetherspoon is close to securing its first pub in Ireland, in Dublin, and has made offers on a number of outlets in the Republic. The managed operator has confirmed reports that it’s looking to spend €1 million buying the freehold of the Tonic pub in Blackrock. Contracts are expected to be signed over the next week
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NewsM&C20 outperforms market by 16%
A pound invested in the companies that comprise the M&C20 at the beginning of May would now be worth nearly £1.16, as the index ticked up a percentage point this week to reach its highest level - 1,159
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News
Milton Keynes rejects late-night levy
Pubs, clubs and bars in Milton Keynes will not be subject to paying a late-night levy after the council rejected the plan
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NewsUS brewers to brew in UK for JDW
A dozen craft brewers from America are to produce beers at UK breweries over the next six months under a new project organised JD Wetherspoon, which will stock all the beers in its pubs
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News
Norman steps down at Novus
Kevin Norman has stepped down as head of acquisitions at Novus, the LGV Capital and Hutton Collins-backed operator of premium bars and restaurants
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NewsM&C20 bounces back against FTSE
The M&C20 Index bounced back to outperform the FTSE All Share this week as both lists experienced an increase after the previous week’s declines
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OpinionFrench raises Spirit TP
Leading sector analyst Simon French has “strongly reiterated” his Buy recommendation for Spirit Pub Company and raised his Target Price for the firm from 93p to 110p
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Analysis & InsightHot dogs lead US invasion of British menus
Hot dogs have replaced scampi and chips in the list of the top 20 most popular dishes in eating out venues, with 85% more menus featuring the product compared to this time last year, new research shows
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks ahead to the full-year results update from JD Wetherspoon, which is due on 13 September. He says that he is encouraged by signs of operating margin stabilisation but thinks the share price fully reflects JDW’s position for now
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News
Knowles urges fair play on zero hours
The head of the Perceptions Group has urged the Government not to intervene over minimum hours contacts but raised concern about how they are used by some operators
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News
JDW to open £1.5m Stirling pub
JD Wetherspoon, the managed operator, is to start building work on its first pub in Stirling towards the end of November, with the pub set to open in March 2014
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News
Gross margins fall 14.3 pps since 2007
Leading analyst Simon French estimated that theoretical gross margins for operators have fallen by 14.3 percentage points since 2007, with food inflation cited as a reason
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NewsJDW brings VAT campaign to customers
JD Wetherspoon has continued its campaign to reduce VAT for the sector by issuing a special edition of Wetherspoon News, aimed at customers, to all its pubs focused on the campaign
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NewsFlat growth for M&C20
Yet again the M&C20 has outperformed the FTSE All Share, albeit with flat growth. The FTSE All Share was down 17 points or 1.6% to 1,015 this week, and the M&C20 down just one point or 0.1% to 1,157.
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NewsZero hour contract use 'varied'
The use of zero hour contracts is varied across the pub trade, an investigation by M&C Report’s sister title the Publican’s Morning Advertiser has found
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Opinion
The hours issue
Latest figures from the Office for National Statistics suggest that approximately 250,000 people – fewer than 1% of those in employment - consider themselves to be on a zero hour contract. However, with McDonald’s, Spirit and JD Wetherspoon all being drawn into the debate surrounding employee contracts, new CIPD research suggests this figure may be an underestimate.
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NewsEnterprise boost prevents M&C20 Index slide
The M&C20 Leisure Index (up 3 points to 1,159) underperformed the FTSE All Share Index (up 14 points to 1,032) for only the fourth time in the last quarter, despite the best efforts of Enterprise Inns, whose shares rose 14.3% over the past week. Without Enterprise’s contribution, the index would ...
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NewsFrench raises TP for JDW
Leading analyst Simon French has upgraded his earnings per share forecast and Target Price for JD Wetherspoon following last week’s “better than expected” trading update