JD Wetherspoon founder Tim Martin opens trading on London Stock Exchange to mark his firm's 20 years as a listed company
Tuesday 30 October 2012
JD Wetherspoon founder Tim Martin marked his company's 20 years as a listed company today by opening trading on the London Stock Exchange.
The chain has grown from 44 pubs and 1,200 employees when it floated on the LSE in October 1992 to 863 pubs and almost 30,000 staff today. Since its listing the company's share price has risen by around 1,500%.
Mr Martin, the current chairman, was joined by more than 30 representatives, including pub and head office staff with 20 years service, for the market opening ceremony.
The company opened its first pub, Marler's Bar, in Muswell Hill, north London, in 1979 and takes its name from one of Mr Martin's teachers and JD Hogg from the Dukes Of Hazzard TV series.
Mr Martin said: "Our success is due to our talented and hard-working staff and the millions of customers who visit our pubs each week."
Marcus Stuttard, head of UK primary markets at London Stock Exchange Group, said the company was "a very British success story" that demonstrated the power of equity in supporting the growth of ambitious businesses.
He added "Growth stories like that of JD Wetherspoon highlight the strength of British business and the vital role that entrepreneurs and innovative business people have in maintaining the health of the UK economy."
- 1 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 2 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 PornHub turns masturbation into energy in bid to save the planet
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
PornHub turns masturbation into energy in bid to save the planet
Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
End of the licence fee: BBC to back radical overhaul of how it is funded
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£15000 - £16000 per annum: Recruitment Genius: A Customer Service Advisor is r...
£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...