Wetherspoon's profits plunge by 19%

Wetherspoon's profits plunge by 19%
 

Profits at UK pub chain JD Wetherspoon fell 19% in the six months to the end of January.
It blamed a rise in labour costs, interest payments, utility bills, repairs and depreciation for the fall.
Its chairman, Brexit supporter Tim Martin, who generally accompanies such announcements with his colourful opinions, expressed concern that Brexit would be reversed.
This, he said, would have "adverse economic consequences".
He blamed "the establishment" for a "barrage of negative economic forecasts".
Mr Martin is currently touring 100 of his 900 pubs, talking to... read more

 
15 March 2019 in Business, Views: 50
Source: BBC
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