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J D Wetherspoon HY Operating Loss 20.7 Mln Stg Vs Profit Of 76.6 Mln Stg
Wetherspoon Says Placing Raises About 93.7 Mln Stg
J D Wetherspoon Announces Placing Of New Ordinary Shares Of £0.02 Each In Capital Of Co
J D Wetherspoon plc owns and operates pubs throughout the United Kingdom and Ireland. The Company aims to provide customers with food and drinks. The Company operates a trading estate of approximately 879 pubs. The Company operates over 58 hotels and approximately 1,239rooms. The Company's hotels include George Hotel, the Shrewsbury Hotel and the Unicorn, Ripon. The Unicorn, Ripon consists of over 32 bedrooms in North Yorkshire. Its hotel rooms provide unlimited free wireless fidelity (Wi-Fi) as standard and its staff member provide assistance around the clock. The Company's hotels have adjoining pubs, serving breakfast menu and Wetherspoon dishes, and club nights. The Company offers a range of food, such as burgers, desserts, steaks, and salads and pastas. Its food menu includes Breakfast Club, Deli Deals, Small Plates, Sharers, Burritos, Pub Classics, Fresh From The Grill, Chicken and Ribs, Burgers and Dogs, Sides, Mexican Monday, Steak Club, Chicken Club, Curry Club and Fish Friday.
Wetherspoon House, Reeds Crescent
Timothy Randall Martin
Chairman of the Board
Chief Executive Officer, Executive Director
Finance Director, Executive Director
Susan Alina Cacioppo
Personnel and Legal Director, Executive Director
IT and Property Director
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Britain's J D Wetherspoon slipped into a first-half loss from a year-earlier profit on Friday as all of its pubs were closed during the holidays due to COVID-19 restrictions and the company warned of a tough future for the hospitality sector because of ongoing curbs.
Britain's JD Wetherspoon said on Thursday it would open patios, beer and roof-top gardens at 394 of its pubs in England next month when COVID-19 restrictions begin to ease for hospitality businesses.
British pubs group JD Wetherspoon plans to raise up to $128 million in its second cash call from investors since the start of the COVID-19 pandemic, as the government's latest order to close hospitality venues hammers its finances.
Pub operator JD Wetherspoon said on Tuesday it expected to raise 92.1 million-93.7 million pounds ($125.4 million-$127.6 million) through a share placing and estimated cash burn of 4.1 million pounds a week, with England under a third coronavirus lockdown.
British pub operator Marston's on Wednesday asked some of its noteholders for additional waivers during the first-half of 2021, following renewed lockdowns in Wales last month and England last week.
British pub operator J D Wetherspoon posted lower sales on Wednesday for the first quarter of its new financial year, hit by coronavirus restrictions, including changes in the tier categories, a 10pm curfew and a requirement to order all food and drink at the table.
Pub operator Marston's launched consultations on up to 2,150 job losses this month, while J D Wetherspoon accused the British government of panicking with new coronavirus restrictions it said could damage the entire economy.
* Rival Marston's warned this week 2,150 jobs at risk (Adds additional quotes from Martin, updates shares)
British pub operator JD Wetherspoon <JDW.L> said on Tuesday it could cut 400 to 450 jobs at its sites at six airports, including London's Heathrow and Gatwick, because of the large drop in passengers caused by the impact of COVID-19.
British pub operator J D Wetherspoon said on Monday its sales were still down sharply year-on-year despite help from the government's subsidised meal scheme, and called for tax relief for the hospitality sector to be extended.
British pubs operator J D Wetherspoon Plc said on Monday it expected to incur an annual loss as its pubs were shut during the coronavirus lockdown and it was looking to discuss waivers for the current fiscal year with its lenders in due course.
J D Wetherspoon will slash up to 130 jobs at its head office, the British pub operator said on Thursday due to the hit from the COVID-19 pandemic.
British pub operator J D Wetherspoon is investing 11 million pounds in measures including glass screens, entry and exit signs and thousands of hand sanitisers in a bid to ensure social distancing at its pubs once they reopen, it said on Friday.
British pubs group JD Wetherspoon <JDW.L> plans to raise 141 million pounds ($175 million) in a share placing as it tries to cope with the economic fallout from the coronavirus pandemic, which has forced all pubs to close.
JD Wetherspoon on Wednesday said it intends to raise 141 million pounds ($175 million) through a share placement as the pub operator attempts to tackle the economic impact from the coronavirus crisis and related restrictions.
* IN SIX WEEKS TO 8 MARCH 2020, LIKE-FOR-LIKE SALES INCREASED BY 3.2%
* Shares jump 27% (Adds pubs to stay open, shares, analyst comments)
* HY PROFIT BEFORE TAX £51.6M (BEFORE EXCEPTIONAL ITEMS (POST-IFRS 16))
Pub operator J D Wetherspoon on Friday cancelled its dividend and said it expects profits below market expectations as long as the coronavirus crisis continues.
The British government is making a "tactical error" in shutting down social life to combat the spread of the coronavirus, a move that could destroy the tax base and cripple the economy, JD Wetherspoon Chairman Tim Martin said on Tuesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.