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

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 919.00p
Change Today:
31.50p
Market Cap:
1,183.21m
Sector:
Travel & Leisure

Pub shares rally as chancellor announces 'draught relief'

By Michele Maatouk

Date: Wednesday 27 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Shares in pub chains rallied on Wednesday after Chancellor Rishi Sunak announced a new tax relief for pubs in the autumn Budget.
In a bid to simplify the alcohol tax system, which Sunak described as "outdated and full of historic anomalies", the Chancellor said the new system would follow the rule that the stronger the drink, the higher the rate.

He unveiled a 5% cut to duty on draught beer and cider served from draught containers of more than 40 litres, equating to a permanent cut in the cost of a pint of 3p.

The news boosted pub shares and by 1410 BST, Wetherspoons was up 4.7% at 1,033.48p, while Mitchells & Butlers shares were 3.9% higher at 256.20p. Marston's was up 6% at 81.25p.

Sunak announced lower taxes on prosecco and rose and said the 28% premium on sparkling wine will be ditched. Duty on sparkling products will be levelled at the same rate as still wine, reducing the price of a bottle of bubbly by as much as 83p.

However, stronger alcoholic drinks such as red wine and white cider will see a small increase, Sunak said.

The sector also got a boost after Sunak said business rates for companies in the retail, hospitality and leisure sectors would be halved.

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 919.00p
Change Today 31.50p
52 Week High 1,404.00p
52 Week Low 811.00p
Volume 301,543
Shares Issued 128.75m
Market Cap 1,183.21m
Beta 0.05

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 3
Sell 1
Strong Sell 0
Total 11
buy
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 26-Jan-2022

Time Volume / Share Price
14:33 81 @ 919.00p
14:33 387 @ 919.00p
14:33 67 @ 919.00p
14:33 82 @ 919.50p
14:33 300 @ 919.50p

JDW Key Personnel

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