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Share Name Share Symbol Market Type Share ISIN Share Description
Wetherspoon ( J.d.) Plc LSE:JDW London Ordinary Share GB0001638955 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -40.00 -3.13% 1,236.00 1,231.00 1,233.00 1,274.00 1,222.00 1,264.00 1,864,190 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,262.0 -94.8 -82.6 - 1,591

Wetherspoon (JD) PLC Press Release

11/12/2020 10:12am

UK Regulatory (RNS & others)


Wetherspoon ( J.d.) (LSE:JDW)
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Wetherspoon (JD) PLC

11 December 2020

11 December 2020

J D WETHERSPOON PLC

NEWS RELEASE - FOR IMMEDIATE USE

Pub company Wetherspoon says that the results of Sweden's COVID-19 policies have been widely misunderstood.

Wetherspoon chairman Tim Martin said:

"Whatever way you look at the numbers, Sweden's no-lockdown strategy is working better than the UK's approach.

"According to the respected Worldometer website, Sweden had 1,330 Covid-19 fatalities from 1 November to 9 December, 2020.

"The UK had 16,011 fatalities during the same period. Adjusting for population, the Swedish fatality rate is just over half that of the UK during this period (see appendix 1).

"In the last week of the period, to 9 December, the average fatality rate per day was 19 for Sweden and 410 for the UK. Adjusting for population, the Swedish fatality rate was less than a third of the UK's (appendix 1).

"Although Sweden has had a better outcome, a Daily Mail headline (7 December) said that a "Lockdown finally looms for Sweden....". The Swedish Prime Minister has specifically said that this is not true.

"The Daily Mail article also said that "Sweden's overall death rate is no worse than in other major countries of Western Europe, such as Britain and France."

"This is misleading, since the Swedish outcome is evidently far better than Britain's.

"Also, the news agency Reuters inaccurately reported (2 December) that "Sweden registered 174 deaths" that day.

"In contrast, Worldometer records only 33 deaths for that day (highlighted in red appendix 1).

"The misleading Reuters' statistics were nonetheless reported as if they were true by both The Daily Telegraph and the Times, among other publications.

"In fact, Sweden's annual all-cause mortality rate in 2020 is in line with the last five years, adjusted for population growth- although the 2019 mortality rate, as has been widely reported, was unusually low (appendix 2).

"The Swedish outcome is not surprising, since medical studies have long established that lockdowns don't work.

"As Dr David Nabarro, of the World Health Organisation, recently said, "We appeal to all world leaders to stop using lockdowns as your primary method of control" as they "have just one consequence that you must never belittle and that is making poor people an awful lot poorer."

"The government and SAGE have tried to marginalise Sweden, because it makes their ruinously expensive lockdown policies look absurd.

"Indeed, over 600,000 jobs have already been lost in the hospitality sector alone- with many more set to be lost in the coming months.

"It is not clear is why so many media organisations appear to support the government, by misreporting Sweden's position."

Appendix 1

Source: Worldometer

Daily new deaths, Sweden and UK, circa 4pm December 10.

 
           Sweden       UK 
 09-Dec         4      533 
          -------  ------- 
 08-Dec        14      616 
          -------  ------- 
 07-Dec         7      172 
          -------  ------- 
 06-Dec        36      231 
          -------  ------- 
 05-Dec        14      397 
          -------  ------- 
 04-Dec        26      504 
          -------  ------- 
 03-Dec        29      414 
          -------  ------- 
 02-Dec        33      648 
          -------  ------- 
 01-Dec        32      603 
          -------  ------- 
 30-Nov        47      205 
          -------  ------- 
 29-Nov        38      213 
          -------  ------- 
 28-Nov        35      479 
          -------  ------- 
 27-Nov        43      521 
          -------  ------- 
 26-Nov        53      497 
          -------  ------- 
 25-Nov        66      696 
          -------  ------- 
 24-Nov        67      607 
          -------  ------- 
 23-Nov        54      206 
          -------  ------- 
 22-Nov        56      398 
          -------  ------- 
 21-Nov        50      341 
          -------  ------- 
 20-Nov        44      510 
          -------  ------- 
 19-Nov        45      501 
          -------  ------- 
 18-Nov        50      529 
          -------  ------- 
 17-Nov        40      598 
          -------  ------- 
 16-Nov        37      213 
          -------  ------- 
 15-Nov        39      168 
          -------  ------- 
 14-Nov        37      462 
          -------  ------- 
 13-Nov        32      376 
          -------  ------- 
 12-Nov        28      563 
          -------  ------- 
 11-Nov        27      595 
          -------  ------- 
 10-Nov        35      532 
          -------  ------- 
 09-Nov        35      194 
          -------  ------- 
 08-Nov        22      156 
          -------  ------- 
 07-Nov        26      413 
          -------  ------- 
 06-Nov        25      355 
          -------  ------- 
 05-Nov        22      378 
          -------  ------- 
 04-Nov        21      492 
          -------  ------- 
 03-Nov        19      397 
          -------  ------- 
 02-Nov        20      136 
          -------  ------- 
 01-Nov        22      162 
          -------  ------- 
 Total      1,330   16,011 
          -------  ------- 
 

Since 1 November:

 
                       Sweden           UK 
 Daily Average             34          411 
                  -----------  ----------- 
 Population        10,127,530   69,045,834 
                  -----------  ----------- 
 Adj Per Capita           232          411 
                  -----------  ----------- 
 

7 Days to 9 December:

 
                       Sweden           UK 
 Daily Average             19          410 
                  -----------  ----------- 
 Population        10,127,530   69,045,834 
                  -----------  ----------- 
 Adj per Capita           127          410 
                  -----------  ----------- 
 

Appendix 2

Source:

   Statista:            Deaths 
   Worldometer:    Population 

Number of deaths in Sweden from 2015 to 2020.

(Annualising 2020 results in 93,855 deaths.)

 
         Deaths   Population    Rate 
 2015    90,907    9,764,950   0.93% 
        -------  -----------  ------ 
 2016    90,982    9,836,007   0.92% 
        -------  -----------  ------ 
 2017    91,972    9,904,896   0.93% 
        -------  -----------  ------ 
 2018    92,185    9,971,638   0.92% 
        -------  -----------  ------ 
 2019    88,766   10,036,379   0.88% 
        -------  -----------  ------ 
 2020    93,855   10,127,530   0.93% 
        -------  -----------  ------ 
 

Ends.

Enquiries:

   Eddie Gershon              Company spokesman    07956 392234 

Notes to editors

1. J D Wetherspoon owns and operates pubs throughout the UK and Ireland. The Company aims to provide customers with good-quality food and drink, served by well-trained and friendly staff, at reasonable prices. The pubs are individually designed, and the Company aims to maintain them in excellent condition.

2. Visit our website: www.jdwetherspoon.com

3. This announcement has been prepared solely to provide additional information to the shareholders of J D Wetherspoon, to meet the requirements of the FCA's Disclosure and Transparency Rules. It should not be relied on by any other party, for any other purposes. Forward-looking statements have been made by the directors in good faith, using information available up until the date on which they approved this statement. Forward-looking statements should be regarded with caution, because of the inherent uncertainties in economic trends and business risks.

4. This announcement contains inside information on J D Wetherspoon plc.

5. The current financial year comprises 52 trading weeks to 25 July 2021.

6. The next trading update is expected to be the Company's trading update on 20 January 2021.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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December 11, 2020 05:12 ET (10:12 GMT)

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