Wetherspoons sales and profits up but tax troubles lie ahead March 16, 2018 JD Wetherspoon enjoyed a boost in profits last year, with operating profit up nearly 14 per cent and profit before tax up more than 20 per cent. The pub chain also saw its revenue increase by 3.6 per cent to £830.4m and its like-for-like sales increase by 6 per cent. Earnings per share were up [...]
DEBATE: Could quitting social media like Wetherspoons did be a good idea for brands? April 18, 2018 Could quitting social media like Wetherspoons did be a good idea for brands? Beatrice Timpson, director at Media Intelligence Partners, says YES. A social media profile is only as good as its content. If, like Wetherspoons, you have 900 Facebook and Twitter accounts, each attracting very moderate engagement from followers, and no overarching sense of [...]
PageGroup CEO takes leave of absence after skiing accident March 15, 2019 British recruitment company PageGroup has revealed that chief exectuvie Steve Ingham will be out of action for a "number of weeks". Ingham badly suffered a bad back injury while skiing and will not be able to carry out his duties in the short-term. Read more: Wetherspoons profits slide as cost increases kick in The company [...]
Opposition parties to block Boris Johnson’s snap General Election bid September 6, 2019 Labour and other British opposition parties have agreed not to back Prime Minister Boris Johnson’s calls for a General Election before the end of October, when the UK is due to leave the European Union. Jeremy Corbyn’s party, the Lib Dems, the SNP and Plaid Cymru have said they will vote against or abstain in [...]
Greene King shares surge 50 per cent on news of purchase by Hong Kong’s richest man August 19, 2019 Investors raised a glass to Greene King after the pub and brewery group agreed to be taken over by Hong Kong’s richest man in a £2.7bn deal. Shares shot up more than 50 per cent yesterday following the announcement that a subsidiary of CK Asset Holdings (CKA) will buy the entirety of Greene King’s shares [...]
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 [...]
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 [...]
FTSE firms including Persimmon, BP and JD Wetherspoon warned of investor revolts over gender diversity April 17, 2018 A number of FTSE 350 companies could face investor revolts over low female representation within leadership roles, the investment managers’ trade body said today. It warned that investors were “becoming restless” over the lack of progress being made. The Investment Association, which represents investment managers collectively owning one third of the FTSE, and the government-backed [...]
Wetherspoon’s releases Brexit beer mats… again November 1, 2017 JD Wetherspoon has today placed 500,000 new beer mats in its pubs, in an effort to persuade punters unilateral free trade is the best approach for the UK post-Brexit. Founder and chairman Tim Martin argued last month that unilateral free trade will reduce food and drink prices in the UK, allowing Wetherspoon's to make its [...]
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, [...]