Update Announcement

Source: RNS
RNS Number : 8671Y
Wetherspoon (JD) PLC
14 September 2020
 

14 September 2020

 

 

J D WETHERSPOON PLC

UPDATE ANNOUNCEMENT

 

Pub company Wetherspoon reports that it has had approximately 32 million (1) customer visits to its 861 open pubs in the 10 weeks since 4 July.(2)

 

There have been 66 positive tests for Covid-19 among its 41,564 employees (3) during this time.

 

811 pubs have reported zero positive tests, 40 pubs have reported one, six pubs two, two pubs three and two pubs four.

 

Most of the reported cases have been mild or asymptomatic and 28 of the 66 employees have already returned to work, after self-isolating in accordance with medical guidelines.

 

Wetherspoon chairman Tim Martin said: "The situation with regard to pubs has been widely misunderstood.

 

"For example, Professor Hugh Pennington, of Aberdeen University, has said, without scientific evidence, that pubs are "dangerous places to be" (Daily Express, 14 August).

 

"This sort of negative view about pubs may have been fuelled by inaccurate press headlines.

 

"The Daily Mail (11 September), for example, said "Britons have promised to run riot" during the weekend and referred to the situation as being like "the last days of Rome".

 

"In fact, trade was very quiet over the weekend, as the public weighed up the evidence about the alleged dangers of going out - Wetherspoon sales were 22.5% below the equivalent Saturday last year.

 

"It is clearly not the case that pubs are "dangerous places to be".

 

"There have been more positive cases at one farm in Hereford than at all Wetherspoon pubs - and over four times as many at one sandwich-making facility in Northampton.

 

"As Swedish epidemiologist Johan Giesecke has said (Appendix 1 attached), strong scientific evidence shows that handwashing and social distancing, as practised by most pubs, work.

 

"In this connection, Wetherspoon has invested around £15 million on comprehensive social distancing and hygiene measures. These include reducing capacity, spacing out tables, the installation of screens between tables and around tills, and an average of ten hand sanitisers per pub.

 

"Bad decisions are built on false presumptions, like those of Professor Pennington and the Daily Mail.

 

"As Councillor Ian Ward, leader of Birmingham City Council, has recently said (Appendix 2 attached):

 

"The data we have shows that the infection rate has risen, mainly due to social interactions, particularly private household gatherings. In shops and hospitality venues there are strict measures in place to ensure they are Covid-free, whereas it is much easier to inadvertently pass on the virus in someone's house, where people are more relaxed and less vigilant."

 

Mr Martin added: "If pubs are closed, or restricted so much that they become unprofitable, a great deal of the strenuous effort of the hospitality industry's 3.2 million employees, currently engaged on upholding hygiene and social distancing standards, will be lost - leaving the public to socialise at home or elsewhere, in unsupervised circumstances.

 

"A major difference between the UK's and Sweden's approach, as reflected in comments from the Daily Mail and the approach of the government, is a lack of trust in the public.

 

"The UK has adopted a colossally expensive "big brother" approach, based on exhortation, lockdowns, bewilderingly frequent changes of direction and other heavy-handed initiatives.

 

"In Sweden, public policy is based on trusting the people (see Professor Giesecke's comments attached) and this will eventually lead to far superior results.

 

"Although it is clearly possible for Covid-19 infections to take place in pubs and shops, the evidence indicates that the risk is low, provided social distancing and hygiene rules are followed, and common sense is used, in line with the views of Professor Giesecke and Councillor Ward."

 

Ends

 

 

Notes to newsdesk -

 

Footnote 1:

As reported on 7 September, there were 5,742,125 Track and Trace registrations for the period 3 August to 6 September. On average there are 2.96 customers in each group. Adjusting for sales for the period 4 July to 12 September, gives rise to an estimated 32,229,778 customer visits.

 

Footnote 2:

England pubs reopened 4 July, Scotland 15 July, Wales 3 August, Ireland 10 August. 11 pubs remain shut

 

Footnote 3:

Employee numbers as at 7 September

 

 

For more information please contact Eddie Gershon (Wetherspoon PR) on 07956 392234

 

 

 

Appendix 1 - Extract from Wetherspoon News

Transcript of interview, Swedish former chief epidemiologist Johan Giesecke, Sky News Australia - 29 April 2020

Tim says: "Squabbling scientists, experts and commentators fill newspapers and airwaves with

contradictory arguments - this interview on Aussie TV (29 April) with Swedish former chief epidemiologist Johan Giesecke made the most sense to me… and he accurately predicted, in April, the problems which Australia and New Zealand have recently experienced, perhaps through excessive reliance on lockdowns."

Sky News: You've been a strong critic of the idea of lockdowns, Sweden has avoided these sort of lockdowns that we're seeing here in Australia. Tell us your thoughts - are lockdowns the correct way to go?

Johan: You introduced me by saying that I would say that you got it all wrong. I don't think you got it all wrong, but you painted yourself into a corner and I'm watching with interest how you and 100 other countries will climb out of the lockdown, because I don't think any government that I know gave a minute's thought about how they would get out of the different lockdowns that are installed.

Take the school closure for example, if you close the schools, when are you going to open them, what's the criteria?

I don't think anyone thought about that when the closure was decided on. Anyway, so Sweden doesn't have such a strict lockdown, there are a few things that are forbidden - the crowd can't be more than 50 people, at restaurants that are mostly open, there should be 5ft or 1.5 meters between the tables, you have to sit down to eat, there are a few things like that, but rather mild things… there are very few laws and [regulations] passed, you can go out without being stopped by the police and fined or threatened with prison and mostly we talk about trust… we trust the people - people are not stupid.

That's… the basic line [in Sweden]. If you tell people what's good for them and what's good for their neighbours and other people, they do that. You take a restriction that's sensible and understandable, people will follow it.

Sky News: You said that you think the results are going to be similar across most countries regardless of the approach they've taken, can you take us through that?

Johan: There is a tsunami of a rather mild infection spreading around the globe and I think that there's very little chance to stop it by any measure we take.

Most people will become infected by this and most people won't even notice. We have data now from Sweden that shows between 98 and 99 percent of the cases have had a very mild infection or didn't even realise they were infected.

So we have this spread of this mild disease around the globe and most of it is happening where we don't see it.

It's among people that don't get very sick, spread it to someone else that doesn't get very sick and what we're looking at is a thin layer at the top of people who do develop the disease and even thinner layer of people that go into intensive care and then even thinner layer of people who die. But the real outbreak is happening where we don't see it.

Sky News: So…..you're saying that at some point pretty much everybody is going to get this disease to some degree or another.

Here in Australia we've done an incredibly good job suppressing it.

I'm wondering do you think we've done too good a job, is it possible to do too good a job suppressing it in the early stages such that you won't ever be able to take the foot off the break on your restrictions to get the disease just to a manageable flow of cases that the health system, which we were told this was all about preparing for that, be allowed to handle the cases as they come through.

Johan: Yes… one point is to flatten the curve a bit so that the health care isn't overused.

You may succeed, and New Zealand may also succeed, but I've been asking myself when New Zealand or Australia has stamped out every case in the country, what do you do for the next 30 years.

Will you close your borders completely? Quarantine everyone who is going to Australia or New Zealand? Because the disease will be out there. I don't know how you are going to handle that.

That's your problem.

Sky News: You've said you think in most countries regardless of the measures we take, eg. Taiwan has been very successful and other countries like Italy have been disaster cases, but you think at the end of the day they're all pretty much going to end up with the same fatalities, the same results, the same deaths regardless of what measures they took. Explain that.

Johan: Yes. Basically I think it will be the same because, like I said, the real epidemic is invisible and it's going on all the time around us.

The other thing with a lockdown is when you open it, you will have more cases, so the countries who pride themselves in having a few deaths now, will get these deaths when they start lifting the lockdown.

Sky News: Tell us briefly about the Imperial College results that sparked this worldwide panic.

You believe they were flawed, these were the initial results that were coming out and the modelling that was saying millions are gonna die. You thought that was flawed, tell us why.

Johan: Yes, there are a few procedural things… One is that the paper was never published which is normal scientific behaviour.

The second thing it wasn't peer-reviewed, which means it wasn't looked upon by other people, which is also normal scientific procedure.

So it was more like an internal departmental communication, a memo.

And then the big mistake of the Imperial group was underestimating the proportion of the very mild cases that would never be detected, that's the main thing with that prediction.

And it's fascinating how it changed the policy of the world.

The UK made a U-turn overnight [upon] the publication of the paper which is fascinating.

So, yes, there were several other mistakes with the paper, but it gets very technical to get into that.

Sky News: You mention that the overwhelming majority of people that get this disease have no symptoms or very minimal symptoms.

Do we even know the real fatality rate of the coronavirus?

Johan: No. Well it's around 0.1%.

Sky News: We were told it was 3% initially, initially 2%, are you saying now that it's 0.1%., that's pretty much the same fatality rate as the regular flu isn't it?

Johan: I think it's a bit higher actually. I said before in Sweden that this is like a severe influenza.

I don't think that's completely true - it will be a bit more severe than the influenza, maybe double, but not tenfold.

Sky News: With all of the health care systems focusing on flattening the curve and being prepared for these waves of infection, which aren't necessarily coming because of the very restrictive measures, overall are we gonna see more people dying, we talked a little bit about this before on the show, of cancers, heart attacks, things like that, simply because they're too scared to go to the hospital because they think they won't get treated.

Is there going to be other deaths that are going to be caused by our overweighting focus just on this one particular disease?

Johan: Could well be.

The emergency rooms here in Stockholm have about 50% of the usual number of patients coming in, and one reason is probably that people are scared of contracting the disease when they go into hospitals, and another is that, I think, they say they can wait a bit until the thing is over.

Sky News: You've said the best policy, the correct policy, would be to simply protect the old and the frail. Is that correct?

Johan: Yes, and that's the Swedish model. It has… two pillars.

One is only use measures that are evidence-based.

And there are two that are evidence-based… one is washing hands… we've known that for 150 years since Semmelweis in Austria a long time ago.

The other is social distancing. If you don't get too close to other people, they won't infect you.

And the third may be trust people. People are not stupid, if you tell them what's good for them they will do what you say.

You don't need soldiers on the street - and police. It's unnecessary.

 

 

Appendix 2

 

https://www.birmingham.gov.uk/news/article/709/new_restrictions_announced_to_drive_down_infection_

 

New restrictions on meeting other people have been announced in order to push down the Coronavirus rate of infection in Birmingham.

 

Published: Friday, 11th September 2020

 

Update and clarification - 1953hrs on Friday 11 September 2020

 

To clarify the situation (as per the news story below), we have now agreed with Government that the household restrictions which will come into force next Tuesday will not affect the hospitality sector (bars restaurants and cafes).

Together with Government we will review this situation next week, when we assess the impact of the household restrictions.

 

Ian Ward - Birmingham City Council

 

Ian Courts - Solihull Council

 

Maria Crompton - Sandwell Council

 

Andy Street - WMCA

 

 

Original story

 

From Tuesday 15 September Birmingham residents will not be able to mix with any other households, indoors or in private gardens, except for those in a support bubble. This applies both

inside and outside the city boundaries.

 

The rate of infection has increased to 75 per 100,000 compared to 30.1 per 100,000 for the period between the 8 to 14 August.

 

Cllr Ian Ward, leader of Birmingham City Council, said: "I know this is difficult, particularly when we have got used to seeing friends and family, but it is vital we stick to these rules and protect each other given the sudden rise in infection rate. If we all follow the rules we will get the infection rate down, but we have to work together on this. The virus has not gone away, it has not weakened, in

fact it is relentless and we must be relentless in our efforts to control the spread.

 

"I understand that it may be frustrating that you can go to the pub but not see your family, but the data we have shows that the infection rate has risen mainly due to social interactions, particularly private household gatherings. In shops and hospitality venues there are strict measures in place to ensure they are Covid-safe, whereas it is much easier to inadvertently pass on the virus in someone's house where people are more relaxed and less vigilant.

 

"So people can still go out to shops and to restaurants and other venues that are open, but remember to be vigilant; if a venue doesn't look safe and you are not asked for your contact details, take your business elsewhere.

 

"Continue to wash your hands regularly and wear a face-covering in enclosed spaces and if you feel unwell, get a test."

 

To get a test, you can call NHS 119 or visit:

 

https://www.nhs.uk/conditions/coronavirus-covid-19/testing-and-tracing/get-a-testto-

check-if-you-have-coronavirus/

 

Social contact restrictions

 

If you live in the affected area, in order to help prevent the spread of coronavirus you must not:

 

·    host people you do not live with in your home or garden, unless they're in your support bubble

 

·    meet people you do not live with in their home or garden, whether inside or outside of the affected area, unless they're in your support bubble

 

Your household is only the people you live with and any support bubble.

 

A support bubble is where a household with one adult joins with another household. Households within a bubble can still visit each other, stay overnight, and visit public places together.

 

 

Enquiries:

John Hutson                 Chief Executive Officer              07970 477377

Ben Whitley                   Finance Director                        07970 477428

Eddie Gershon              Company Spokesman               07956 392234

 

Please send any questions by email to investorqueries@jdwetherspoon.co.uk 

 

Notes to editors

1.     J D Wetherspoon owns and operates pubs throughout the UK. 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.

 

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