FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close May 6, 2026 Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
McDonald’s targets jobless Gen Z with ‘UK’s largest work experience programme’ April 22, 2026 McDonald’s has launched the UK’s largest ever work experience programme in a major recruitment drive that will specifically target the ballooning number of young Brits that are neither working nor in full-time education. The fast-food chain will hand out some 2,500 paid placements to young workers over the age of 16 as part of a [...]
Wetherspoon boss Tim Martin hits back at Miliband ‘warm beer’ advice March 20, 2026 The boss of the UK’s best-known pub chain has hit back at Ed Miliband after he issued guidance which sparked concerns that pubs will have to serve warmer beer to keep energy bills down. Tim Martin, chairman of JD Wetherspoon, told City AM pubs will be swiftly overtaken by supermarkets if they opt to cut [...]
Wetherspoon shares tumble as profit disappoints March 20, 2026 Shares in the country’s best-known pub chain have tumbled after profit failed to meet expectations even after they were downgraded. Pre-tax profit at JD Wetherspoon fell by 32 per cent to £22m for the first half of this year, and operating profit fell 18 per cent to £53m, below analyst expectations of an eight per [...]
Wetherspoon sales could turn flat as cost pressures brew March 18, 2026 Never known to shy away from calling out the issues that push up the price of a pint, JD Wetherspoon boss Tim Martin looked to be setting expectations at the weekend when he warned the war in Iran will hit punters in their pockets. The UK’s best-known pub chain will announce its half-year finances on [...]
Wetherspoon boss backs Reform pub package – and defends dog policy February 9, 2026 Sir Tim Martin, chairman of JD Wetherspoon, has called on hospitality firms to back Reform’s proposed pub support package, arguing it would “utterly transform” the landscape for pubs. In a stock exchange release, Martin said Reform’s proposals would offer pubs “tax parity” with supermarkets. “By eliminating the tax differential between supermarkets and the hospitality industry, [...]
Betfred brothers, Alex Gerko, Mike Ashley: Top UK taxpayers revealed January 31, 2026 Betting entrepreneurs Peter Done and Denise Coates, traders Alex Gerko and Chris Rokos, and high street kingpins Tim Martin and Mike Ashley are among the top taxpayers in the UK, new analysis has revealed. Betfred founders Fred and Peter Done paid the most cash into HMRC over the past year, according to The Sunday Times’ [...]
Wetherspoon shares sink after business rates knock profit January 21, 2026 Wetherspoon shares slumped on Wednesday after the pub giant laid bare the scale of the financial hit from November’s tax-raising Budget. The FTSE 250 member said cost rises across energy, wages, repairs and business rates had put up costs by a staggering £45m in the 25 weeks to mid-January. That would imply a cost rise [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the City AM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
‘Maximum’ 20p increase for Spoons breakfast next year, says Tim Martin December 1, 2025 JD Wetherspoon will make sure the price of its breakfast doesn’t rise by more than 20p next year, boss Tim Martin said on Monday. The confirmation comes despite serious pressure on hospitality from tax hikes and food costs, with warnings of inflation across the sector. Speaking on LBC radio this morning, Sir Tim Martin told [...]