Wetherspoon warns of FY loss, seeks loan waivers
24th Aug 2020 07:31
(Sharecast News) - UK pub chain JD Wetherspoon said it expected to make a full year loss and said it would ask lenders for waivers as it looked to bolster its finances amid the coronavirus pandemic.
Read moreWetherspoon to cut up to 130 head office jobs
6th Aug 2020 08:40
(Sharecast News) - JD Wetherspoon has told head office employees that almost a third of their jobs are at risk because of the downturn in the pub and restaurant trade.
Read moreSunday newspaper round-up: Freeports, UK equities, Trump
12th Jul 2020 12:15
(Sharecast News) - Taxes and red tape will be slashed in towns and cities across the country next year, under government plans for a post-Brexit and post-coronavirus economic revolution. Rishi Sunak, the Chancellor, is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports" within a year of the UK becoming fully independent from the European Union in December, The Telegraph can reveal. - Sunday Telegraph
Read moreJD Wetherspoon says report about pubs for sale is untrue
7th Jul 2020 09:18
(Sharecast News) - JD Wetherspoon said a press report that it was selling 15 pubs was untrue and had been withdrawn.
Read moreMonday broker round-up
6th Jul 2020 13:59
(Sharecast News) - Softcat: Citigroup downgrades to sell with a target price of 957.0p.
Read moreWetherspoon confirms £48m Covid loan ahead of July 4 reopening
24th Jun 2020 07:31
(Sharecast News) - Pub group JD Wetherspoon confirmed it had secured a £48.3m loan under the government's coronavirus loan scheme as it prepared to open 750 pubs on July 4.
Read moreWetherspoon to spend £11m on safety for pubs' reopening
22nd May 2020 11:31
(Sharecast News) - JD Wetherspoon said it would spend an initial £11m on measures to minimise the risk of Covid-19 infection when its pubs are allowed to reopen.
Read moreSunday newspaper round-up: Furloughed staff, Economy, Coronavirus crisis
10th May 2020 22:49
(Sharecast News) - Furloughed staff only able to return to work on a part-time basis could have their wages "topped up" by the government, as part of a gradual redaction of the job retention scheme. Under plans being considered in the Treasury, firms would be encouraged to bring furloughed staff back to work gradually to maintain social distancing and to ease the burden on businesses as they begin to rebuild their operations. - Sunday Times
Read moreJPM upgrades M&B in 'precarious times' for UK pubs
30th Apr 2020 12:09
(Sharecast News) - JP Morgan raised its rating on Mitchells & Butlers to 'overweight' as it cut 2020 earnings estimates for UK pub companies by an average of two-thirds to reflect the Covid-19 shutdown.
Read moreWetherspoons to raise ?141m in placing; planning to reopen in June
29th Apr 2020 17:13
(Sharecast News) - JD Wetherspoon said on Wednesday that it was planning to reopen its pubs "in or around" June, as it announced a ?141m placing to help weather the coronavirus crisis.
Read moreTuesday broker round-up
21st Apr 2020 13:52
(Sharecast News) - Wetherspoons: Jefferies upgrades to buy with a target price of 1,150p.
Read moreJefferies upgrades Wetherspoons, keeps Marston's at 'underperform'
21st Apr 2020 10:43
(Sharecast News) - Jefferies upgraded JD Wetherspoon to 'buy' from 'hold' on Tuesday as it took a look at the UK pub and restaurant sector.
Read moreFTSE 250 movers: JD Wetherspoon hit by expectations for prolonged period of low demand
15th Apr 2020 15:35
(Sharecast News) - Leisure-related shares paced declines on the second-tier index on Wednesday, as investors' attention pivoted back to the sector as risk appetite soured on the back of exceedingly weak economic reports and corporate updates Stateside.
Read moreWednesday broker round-up
15th Apr 2020 13:36
(Sharecast News) - Reckitt Benckiser Group: Credit Suisse upgrades to neutral with a target price of 5,900p.
Read moreWetherspoons may need to raise ?250m to survive liquidity crisis, says Canaccord
15th Apr 2020 10:46
(Sharecast News) - Pub chain Wetherspoons may need to raise up to ?250m to survive the liquidity crisis, Canaccord Genuity said on Wednesday.
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