New Tube map shows you where to find London’s cheapest pints of beer on a night out July 18, 2019 Working out where to enjoy a pint without breaking the bank is one of the common stresses of London life. Fortunately, fastidious researchers have compiled a redesigned Tube map showing the cheapest pint in the pub closest to every station. Read more: Tube map shows the busiest morning rush hour sttaions in Zones 1 and [...]
J D Wetherspoon sales growth slows again July 10, 2019 J D Wetherspoon expects like-for-like sales to rise at a slower rate in its pubs over summer as boss Tim Martin warned investors about a £3m non-cash loss this financial year. Read more: Glass half empty? Wetherspoon shares fall as sales growth slows Like-for-like sales are expected to grow 6.9 per cent for the 10 [...]
High spirits: City Pub Group cheers investors with sales rise as expansion continues May 20, 2019 The City Pub Group shareholders will this morning be toasting a rise in sales of more than one-third so far this year. Read more: City Pub Group shares rise as it returns to profit The pub operator, which runs 45 sites mainly in London, said sales were up 35 per cent on last year for [...]
Fast food chain Leon reports widening loss as rising costs hit margins May 19, 2019 Fast food chain Leon posted a record turnover of more than £65.2m last year but a third consecutive loss as it increases its UK footprint. The healthy food company has had a rapid rise in recent years, increasing its turnover by more than 15 per cent last year – from £56.3m in 2017 – [...]
Why did Lush, Apple and Wetherspoons quit Twitter? May 13, 2019 Tapping into a dissatisfaction with social media, cosmetics firm Lush recently announced that it would move away from it, justifying its decision by drawing attention to the financial and ethical cost of using social media. The move marks Lush as the latest brand to take a new approach online. It’s a global brand, whose environmentally-conscious [...]
Glass half empty? Wetherspoon shares fall as sales slow and net debt creeps up May 8, 2019 Wetherspoon insisted it is on track to hit full-year targets today despite net debt creeping up and sales growth slowing after a wage hike hurting profits in the first half of its financial year. Read more: Wetherspoons profits slide as cost increases kick in The pub chain did not mention profits in today’s trading update, [...]
And the best restaurant award goes to… Nando’s? April 12, 2019 A local award meant to recognise business on Preston's high street drew criticism after Nandos' was named the city centre's best restaurant. The Smiles Better Awards, running annually since 2016, are organised by the Preston Business Improvement District (Bid) and sponsored by the NWL Chamber of Commerce. Awards are given following a public vote, which [...]
Wetherspoon shares swing wildly as profit plunges March 22, 2019 Five times the shares failed to make a break above 1,340p stick. Is it sixth time lucky for Wetherspoon? Alongside the usual diatribe against the Brexit process and the tax disparity with supermarkets, pub chain JD Wetherspoon (LSE:JDW) has fallen foul of higher costs, especially with regards to labour. This has impacted the bottom line [...]
Wage costs grow in Britain amid record high employment rates March 18, 2019 Wage costs in the UK grew 1.7 per cent in the fourth quarter of 2018 from the quarter before, compared to an average of 0.5 per cent quarter on quarter growth over the last 10 years. Wage costs per hour worked in Britain – meaning benefits in kind, wages and salaries – were 3.2 per cent higher in the [...]
UK’s biggest travel booking app Trainline considers £1bn flotation March 16, 2019 Rail ticket booking platform, Trainline, is moving toward a £1bn stock market listing that could take place within the next few months. The company is looking at an initial public offering as its preferred option after being approached by private equity firms, according to Sky News. Read more: Patisserie Valerie overstated financial position by £94m, [...]