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Prices & Quotes - UK Markets - Wetherspoon (J.D.) (JDW)

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Share Price:
Up 1,352.00p
Change Today:
25.00p
Market Cap:
1,740.70m
Sector:
Travel & Leisure

Wetherspoons to invest ?145m upgrading pub estate

By Abigail Townsend

Date: Tuesday 30 Mar 2021

LONDON (ShareCast) - (Sharecast News) - JD Wetherspoon is to spend 145m upgrading its estate, creating 2,000 new jobs, the pub chain said on Tuesday.

The FTSE 250 firm intends to open 18 new pubs and carry out "significant extensions and upgrades" at 57 of 871 existing outlets. They will be located in towns and cities across the UK, including Glasgow, Sheffield, Newport Pagnell and Carmarthen.

Once completed, the chain will then invest a further 750m opening 15 new pubs and enlarging 50 existing outlets each year for a decade. The 10-year project is forecast to create 20,000 new jobs.

Chairman Tim Martin said: "Our immediate investment will provide work for architects, contractors and builders as well as result in 2,000 new jobs for staff in our pubs."

But he warned: "However, this investment is conditional on the UK opening back up again on a long-term basis, with no further lockdowns or the constant changing of rules."

Martin has long been a vocal critic of changing lockdown restrictions, such as the introduction of a curfew and the requirement to order a "substantial meal" with a drink.

Wetherspoons said it expected to start work on the first pipeline "within a few months", once lockdown restrictions have been lifted and all its pubs have reopened fully. The chain is planning on opening a number of its pubs with suitable outdoor space on 12 April, when pubs and restaurants will be allowed to reopen but only for outdoors drinking and dining.

As at 1015 BST, shares in Wetherspoons were ahead 1% at 1,352.4p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

JDW Market Data

Currency UK Pounds
Price 1,352.00p
Change Today 25.00p
52 Week High 1,404.00p
52 Week Low 773.50p
Volume 259,479
Shares Issued 128.75m
Market Cap 1,740.70m
Beta 0.02

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 5
Sell 1
Strong Sell 1
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JDW Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 24-Oct-19
Paid n/a 28-Nov-19
Amount 0.000p 8.00p

Trades for 14-May-2021

Time Volume / Share Price
16:35 62,454 @ 1,352.00p
16:29 88 @ 1,349.00p
16:29 1 @ 1,349.00p
16:29 1 @ 1,349.00p
16:29 130 @ 1,349.00p

JDW Key Personnel

CEO John Hutson
Chair Timothy (Tim) Martin
Finance Director Ben Whitley