Wetherspoons sinks to heaviest loss on record from Covid lockdowns

Wetherspoons sinks to heaviest loss on record from Covid lockdowns

Wetherspoons sinks to heaviest loss on record from Covid lockdowns

The Independent says JD Wetherspoons has recorded its biggest loss on record as the business suffered heavily from the Covid-19 restrictions which hit the sector.

In the 12 months to 25 July, the pub chain sunk to a pre-tax loss of £154.7 million, compared to a £34.1 million loss a year ago. Sales were also down from £1.26 billion to £772.6 million.

This is only the third year the company has recorded a loss in its 37-year history.

Founder and chairman Tim Martin said he remained hopeful for the future and customers were starting to return since lockdown restrictions eased in the summer.

https://www.independent.co.uk/news/business/wetherspoons-loss-covid-lockdown-b1930435.html


UK News Briefing Homepage uk news live today 24-7 Best on the market

UK News Briefing Homepage uk news live today 24-7 Best on the market

LIVE News EU News Breaking news UK Politics COVID-19 USA News World News United Arab Emirates Italian News Spain Palestine News News Briefings World News Briefing UK…
Muslim woman in India humiliated and forced to take off burqa in public

Muslim woman in India humiliated and forced to take off burqa in public

A Muslim woman in India was humiliated on social media yesterday. After a video posted to social media that showed a…
Conservative MP stabbed to death in Essex- Sir David Amess

Conservative MP stabbed to death in Essex- Sir David Amess

Conservative MP stabbed in Essex - Sir David Amess has died after being stabbed by a man at his constituency surgery…

……………………

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

FacebookPlease like our page

Twitter Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.