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In a rush
CBI boss denies ‘toxic culture’ claims

J D Wetherspoon

  • Hospitality: BoE interest rates hike could ‘significantly impact businesses’

    Hospitality

    The hospitality sector has expressed concerns that the Bank of England’s decision to raise interest rates could “significantly impact business viability,” as the interest rates on loans many pubs and restaurants took out to survive the pandemic are now set to rise.  “Hospitality was the business sector most affected by the pandemic, with a large [...]

  • FTSE 100 close: ASOS shares nosedive 22 per cent after posting dim results

    markets

    London’s FTSE 100 slipped in the City today as online fashion retailer ASOS was pummelled after a dim set of results. The capital’s premier index shed 0.29 per cent to close at 7,741.32 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]

  • Wetherspoon on track for ‘record’ year as budget boozer shrugs off inflation woes

    Pubtastic

    JD Wetherspoon is expecting a “record” high in sales this year as the budget pub chain shrugs off inflationary and supply chain woes, sending its shares – with the company’s shares soaring over seven per cent when markets opened this morning. The London-listed boozer said that sales during the Easter week were the highest-ever for [...]

  • FTSE 100 close: London index falls as investors react to mixed retail figures, JD Wetherspoon and Tui

    March 24, 2023

    London’s FTSE 100 index closed 1.31 per cent lower today as investors failed to be enthused by data showing the UK’s economy is faring better than expected following the Bank of England’s (BoE’s) decision to hike interest for the eleventh time in a row. The capital’s premier index fell 1.05 per cent to 7,424.71 points [...]

  • Tim Martin’s JD Wetherspoon blames ‘ferocious’ inflation for profits plummeting 91 per cent

    March 24, 2023

    The chief of JD Wetherspoon has said blamed “ferocious” inflationary pressures in the pub industry as the pub giant reveals a 90.9 per cent loss in profits for the 26 weeks to January. As the cheap beer chain felt the hangover from Covid-19 and Brexit supply issues, pre-tax profits were down to £4.6m compared to [...]

  • Pressure mounts on Sunak over planned six per cent rise in corporation tax

    February 20, 2023

    Prime minister Rishi Sunak is facing down the prospect of a rebellion over next month’s budget as renewed pressure mounts over a planned increase in corporation tax increase. Seven top Tory backbenchers and business owners including Wetherspoons boss Tim Martin have urged Sunak and chancellor Jeremy Hunt to scrap the planned six per cent rise. [...]

  • Egg supply crisis: Tesco introduces buying limits as JD Wetherspoon changes menu

    November 22, 2022

    Tesco is the latest chain to introduce limits on egg purchases owing to shortages and high costs.  The supermarket told City AM it is introducing a limit of three boxes per customer to prevent shelves going empty.  This comes after the British Egg Council warned the public that a the industry has been dealing with [...]

  • JD Wetherspoon sales lift as budget chain ‘one of few winners’ amid economic crunch

    November 9, 2022

    JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October. Shares dropped by as much as eight per cent, after the company admitted October trading had been slightly slower than expected. Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub [...]

  • To win over the bond market, it has to be Dishy Rishi

    October 23, 2022

    Tim Martin is the CEO of JD Wetherspoon In selecting the next Prime Minister, MPs need to bear in mind that the terrible twins, the bond market and inflation,  feeling increasingly disrespected by central bankers and politicians , are angry and emotional – and are watching their every move. The mere revelation on Friday that [...]

  • Last orders: Pub numbers sink amid calls for further support

    October 10, 2022

    The number of pubs vanishing from communities in England and Wales increased by 50 per cent in the last three months, according to new data, amid warnings that more must be done to protect the great British institution.  During the three months to the end of September, 150 pubs were either demolished or converted into other [...]

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Trending Articles

  • Inflation to top Bank of England target until at least 2026, Goldman Sachs warn

  • Why have the Bank of England and the IMF been so wrong on the UK economy?

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  • Grocery prices cool as government drafts supermarket price cap

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