Tag: Tim Martin

Wetherspoon’s Tim Martin: “A budget for dinner parties”

Coinslot - Wetherspoon Tim Martin budget
Wetherspoons chief executive, Tim Martin, took the opportunity granted by the release of the pubco’s financial results to give his, less than positive, thoughts on the Chancellor’s recent budget speech.   The biggest danger to the pub industry is the continuing tax disparity between supermarkets and pubs, in respect of VAT and business rates. As previously indicated, we understand the need for...

JD Wetherspoons financial results released

Coinslot - JD Wetherspoons financial results
Wetherspoons preliminary financial results show 1.4 percent revenue growth and 42.8 percent total profit increase from 2016.   JD Wetherspoons has released its preliminary financial results, which reveal that, barring any exceptional items, revenue before tax is £801.4m, up by 1.4 percent from last year. Total profits before tax amounted to £51.4m, up by 42.8 percent from 2016. However there was a...

Profits up at pub industry giant Wetherspoon

Coinslot - Wetherspoon Tim Martin Revenue report
Tim Martin, Chairman of JD Wetherspoon Plc the renowned British pub chain, hits out at the government and supermarkets.   Wetherspoon’s preliminary results for the 26 weeks ended 22 January 2017 show Revenue up 1.4% to £801.4m and profit before tax increase from £36m in 2016 to £51.4m. Like-for-like sales were +3.3% with Operating profit jumping from £49.4m to £65.1m. Commenting on...

Martin rubbishes Brexit slump on strong ‘spoons performance

Coinslot Tim Martin Wetherspoons
With positive financial figures from his nation-spanning pubco at his back, Tim Martin has once again issued a salvo against Brexit critics. Off the back of strong interim results, Wetherspoons boss Tim Martin has reiterated his backing of the Brexit process and called for a most positive outlook on the process of the UK leaving the European Union. The pubco has...

Wetherspoons vs. Greene King on Brexit outlook

Coinslot Tim Martin Wetherspoons
Outspoken Wetherspoons MD, Tim Martin, has continued beating the pro-Brexit drum post-referendum, in contrast to rivals Greene King who are warning of difficult times ahead for the pub sector. Two of the country’s largest pubco’s, both with a strong connection to the gaming machine industry, have entered a war of words over the impact of Brexit. JD Wetherspoons and Greene...