Wetherspoon's struggles to live up to years of record profits

By The Newsroom
Published 8th Nov 2018, 10:26 BST
Updated 8th Nov 2018, 11:29 BST
Tim Martin of WetherspoonTim Martin of Wetherspoon
Tim Martin of Wetherspoon
Shares in JD Wetherspoon dropped on Wednesday as the pub group hinted at weaker annual performance and chairman Tim Martin revealed he would be temporarily working part-time after a health scare.

The share price was down 9.5 per cent as investors absorbed a first-quarter trading update in which the chain said like-for-like sales increased by 5.5 per cent and total sales were up 6.2 per cent.

Despite strong growth, Mr Martin said the company was dealing with tough comparatives, having delivered several years of record profits.

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