Wetherspoon’s goes green with vow to stop using plastic straws | City A.M. September 25, 2017 Wetherspoon’s and its senior management have taken stands on several issues over the years. Chairman Tim Martin is still expounding his views on Brexit, and last week all 900 pubs reduced prices in protest against the tax burden on pubs. Now the chain has turned to an even more pressing issue: plastic straws. The company [...]
The CBI aims to drive UK manufacturing to fresh highs as it sets up new council with Ineos director Tom Crotty at the helm August 14, 2017 The Confederation of British Industry (CBI) is setting up a manufacturing council in an effort to support the industry. The chief executive-level council will bring together dozens of the UK’s top manufacturers, and will be headed by chemical giant Ineos’ group director Tom Crotty. Crotty said: “A vibrant manufacturing sector is essential to the growth [...]
Ukraine’s central bank pulls plug on PwC bank audit rights over PrivatBank’s balance sheet hole July 20, 2017 The National Bank of Ukraine (NBU) announced today that it had pulled the plug on PwC’s domestic bank auditing rights, after it had failed to identify a $5bn (£3.9bn) balance-sheet hole at the country’s largest lender in previous audits. It comes after last December’s state takeover of PrivatBank by the NBU, in a move aimed [...]
Wetherspoon’s Tim Martin: Government tax policy is hitting the pub sector and forcing people to drink at home March 16, 2017 Wetherspoon's boss Tim Martin has issued a call to arms to pubs and restaurants in an attempt to convince the government to slash "unfair" taxes levied on the sector. The pub chain founder said tax policy is not only harming the pub sector, it is also forcing poorer people to drink at home as alcohol can [...]
Tim Martin, chair of JD Wetherspoon, says the Budget didn’t do enough for Britain’s pubs March 10, 2017 JD Wetherspoon chairman Tim Martin has hit back at chancellor Philip Hammond's Budget, arguing it doesn't do enough to support pubs from increasing cost pressures. Wetherspoon's share price dipped in morning trading as investors took note of Martin's warning that lower sales and increased costs in the second half of the year will hit the [...]
JD Wetherspoon’s share price dips as chair Tim Martin cautions of lower sales and added costs in the second half March 10, 2017 JD Wetherspoon's shares fell more than three per cent after the pub group reported half-year results slightly ahead of expectations but warned of a difficult second half to come. The figures The pub owner and operator said profit before tax and exceptional items jumped 42.8 per cent to £51.4m from £36m for the 26 weeks to 22 January. Like-for-like sales [...]
Opinion: Considering buying a place above a shop? Don’t do it unless you’ve thought about these factors first January 27, 2017 Whether high street or side street, look up above any shop-lined street in the capital and you are bound to see apartments. Accessed by narrow doors tucked between the various operators, these spaces are proving an increasingly tempting living proposition. More and more, we are seeing developers turning the ground floor of their new schemes [...]
City Pub Company guzzles Christmas sales as it prepares to float this year January 18, 2017 City Pub Company has raised a toast to this Christmas after it nearly doubled like-for-like sales over the five-week festive period. The figures The pub owner and operator said sales for the period to 1 January were up 47 per cent compared with the previous year, while sales for the whole of 2016 were up 37 per cent. It also bagged [...]
Despite cost pressures, JD Wetherspoon predicts results will be slightly better than anticipated January 18, 2017 JD Wetherspoon is feeling the pinch as costs are set to rise over the financial year, but chairman Tim Martin said the company is cautiously predicting its results will be slightly better than forecast after positive half-year earnings. The figures In the first half of the year to 15 January, like-for-like sales increased by 3.4 per cent and total sales [...]
Here’s what protesters outside the Supreme Court during the Article 50 hearing had to say December 5, 2016 The Supreme Court hearing on how the government will trigger Article 50 began today. Outside the building, a group of about 20 to 30 protesters gathered to speak out, dance an Irish jig or wave their Union Jacks. Standing out in support of Brexit meaning Brexit was Catherine Cook, who travelled down from Newcastle to show her anger with Parliament. Ticking the box and leaving [...]