Alliance of business leaders urges MPs to scrap May’s Brexit deal November 17, 2018 More than 200 chief executives, founders and entrepreneurs have signed a letter calling on Conservative MPs to vote down Prime Minister Theresa May's proposed Brexit deal, urging them to cast aside their political differences. The document, coordinated by members of the Alliance of British Entrepreneurs (ABE) and seen by City A.M., asks MPs to be subjective in [...]
Wetherspoon shares fall as it warns that staff wage increase will hurt profits November 7, 2018 J D Wetherspoon shares fell 13 per cent to 1,138p today after it announced a rise in sales, but warned its decision to hand staff a wage increase without increasing prices will impact full-year profits. The pub chain, which has almost 1,000 branches in the UK, said like-for-like sales increased 5.5 per cent and total sales by [...]
JD Wetherspoon faces opposition to finance director’s pay rise November 4, 2018 JD Wetherspoon may be hit with a shareholder revolt at the pub chain’s annual meeting this month over proposals to boost the finance director’s pay by more than 10 per cent. Proxy advisers ISS and Glass Lewis have recommended that investors oppose a 12.3 per cent increase in salary for finance chief Ben Whitley to [...]
Craft beer brand Brewdog is trying to mature after a tough year of marketing disasters October 22, 2018 It’s been a tough year for Brewdog, much of it the brand’s own fault. Tone-deaf advertising campaigns and PR mishaps have frustrated its fans and “equity punk” investors (I speak from personal experience – I’ve been a shareholder since 2015). The Scottish craft beer brewer, founded in 2007, is as well known for its marketing stunts as [...]
Pub giant Marston’s hikes profits as summer boom adds to sizzling sales October 10, 2018 Pub operator Marston's today said it expects to see higher growth in annual profit, after boosted sales in the summer led the turnaround from a disappointing first half of the year. The figures In a trading update before its preliminary annual results, Marston's said group turnover grew 15 per cent to more than £1.1bn. As [...]
Uber Eats riders and restaurant workers to strike over gig economy pay October 4, 2018 Uber Eats workers are to stage a strike later today with a small number of workers from JD Wetherspoon and TGI Fridays over gig economy pay and conditions. Some McDonalds and Deliveroo workers were also set to take part in the rally in Leicester Square at 11am this morning, while Uber Eats drivers are preparing their own separate strike outside its [...]
Pub giant Shepherd Neame serves up rising profits September 26, 2018 Britain’s oldest pub owner posted a five per cent rise in profit in the year to the end of June this morning, following 12 months that have seen the brewer ramp up its operations in London and the south east. Read more: Spirits in the sky as pub landlord enjoys bumper summer of profits Shepherd [...]
Wetherspoon boss Tim Martin urges parliament to reject Chequers for free trade deal as annual profits soar September 14, 2018 JD Wetherspoon chief executive Tim Martin has urged parliament to vote against Theresa May's Chequers deal as his company posted a boost in annual profit thanks to this summer's heatwave. The colourful pub-chain chief executive and Brexit advocate said a free trade deal with the EU would be a "huge gain" for businesses and consumers [...]
Wetherspoon boss Tim Martin urges parliament to reject Chequers for free trade deal as annual profits soar September 14, 2018 JD Wetherspoon chief executive Tim Martin has urged parliament to vote against Theresa May's Chequers deal as his company posted a boost in annual profit thanks to this summer's heatwave. The colourful pub-chain chief executive and Brexit advocate said a free trade deal with the EU would be a "huge gain" for businesses and consumers [...]
Spirits in the sky: JD Wetherspoon axes Jägermeister and French brandy in post-Brexit plan September 12, 2018 JD Wetherspoon is ditching European spirits such as Jägermeister for non-EU equivalents in a bid to lower prices across its 880 UK pubs. Replacing the ousted continental brands, which also include French brandies Courvoisier VS and Hennessy Fine de Cognac, will be US drink E&J Brandy, Australia’s Black Bottle and Strika, a herbal liqueur produced [...]