Tag Archives: Tim Martin

JD Wetherspoon commits to 10 new kitchen projects this financial year

JD Wetherspoon will continue to open new pubs this year, the company said this week. The chain, which numbers 900 properties, confirmed that its intention is to open “approximately” 10 pubs in the current financial year, which ends in June. Three pubs have already opened within the last six months, with 10 sites sold during

JD Wetherspoon continues to dash Brexit fears with optimistic sales

UK-based pub chain JD Wetherspoon has followed up its better-than-expected financial year report with an equally optimistic update for the first quarter of the new trading season. Like-for-like sales increased by 6.1% and total sales by 4.3% for the 13 weeks to 29 October 2017. The underlying operating margin, excluding property gains, was 8.6%, although

JD Wetherspoon files record figures while dashing Brexit concerns

Pub giant JD Wetherspoon has reported record earnings and remains confident that a Brexit deal will have no significant impact on its UK buisness. Pre-tax profits in the year to the end of July grew from £66m to £77m, with revenues up 4% from last year’s £1.59bn, totalling £1.66bn. Like-for-like sales also saw a healthy

Suppliers have more to fear from protracted Brexit talks than us, warns JDW boss

JD Wetherspoon chairman Tim Martin warned this morning that its suppliers have most to fear from Brexit negotiations as he once again used the company’s latest financial update to outline his views on the EU.   Mr Martin, a staunch Leave campaigner, said that the current “posturing and threats” from EU negotiators would inevitably drive

Tim Martin uses trading update to tell Brexit gloomsters to ‘put a sock in it’

Industry stalwart and avid Brexit campaigner Tim Martin has used JD Wetherspoon’s latest trading update to publish a 700-word statement slamming those waging a ‘phoney war’ that risks overshadowing the negotiation process. Mr Martin said he felt obliged to pen his opinion on the matter as shareholders and the media remain interested in its views on the

JD Wetherspoon to spend chunk of £65m budget upgrading older pub kitchens

JD Wetherspoon has ring-fenced £65m for upgrading older pubs in its estate this year, including new investments in kitchens and catering equipment. The chain, which numbers 900 sites, said this morning that it is increasing capital expenditure in the current year to bring some of its more established sites up to date. As well as