{"id":300591,"date":"2011-03-11T08:39:21","date_gmt":"2011-03-11T08:39:21","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/"},"modified":"2011-03-11T08:39:21","modified_gmt":"2011-03-11T08:39:21","slug":"wetherspoon-warns-of-higher-costs","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/","title":{"rendered":"Wetherspoon warns of higher costs"},"content":{"rendered":"<p><div readability=\"53.5574162679\">\n        \t\t  <span><br \/>\n    <span>11 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>03:39 ET<\/span><br \/>\n<\/span><\/p>\n<p>Profits at pub group JD Wetherspoon fell as chairman Tim Martin warned of the impact of a &#8220;pernicious combination of increasing taxes and regulation&#8221;.<\/p>\n<p>Despite posting record half-year sales up 7.6% to \u00a3525.4m, Wetherspoon&#8217;s pre-tax profits fell 11% to \u00a332.2m.<\/p>\n<p>The operating margin fell from 10% to 9.4%, with Mr Martin blaming higher energy, food, labour and tax costs.<\/p>\n<p>Trading in the six weeks to 6 March had also seen like-for-like sales up 2.8% and total sales up 7.9%.<\/p>\n<p>But Mr Martin said the business environment was increasingly tough.<\/p>\n<p>&#8220;Britain has now become a high tax and regulation environment for business, with the effects of this being seen in many thousands of closed pubs and other small businesses across Britain, as well as a marked increase in unemployment, &#8221; he said.<\/p>\n<p>During the six months 14 Wetherspoon pubs opened and two closed, leaving the group with 787 outlets.<\/p>\n<p>The dividend for the six months is 4 pence. <\/p>\n<\/p><\/div>\n<\/p>\n<p>See more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12710224\" title=\"Wetherspoon warns of higher costs\" rel=\"noopener noreferrer\">Wetherspoon warns of higher costs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 11 March 2011 Last updated at 03:39 ET Profits at pub group JD Wetherspoon fell as chairman Tim Martin warned of the impact of a &#8220;pernicious combination of increasing taxes and regulation&#8221;. Despite posting record half-year sales up 7.6% to \u00a3525.4m, Wetherspoon&#8217;s pre-tax profits fell 11% to \u00a332.2m. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-300591","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wetherspoon warns of higher costs - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Wetherspoon warns of higher costs - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"11 March 2011 Last updated at 03:39 ET Profits at pub group JD Wetherspoon fell as chairman Tim Martin warned of the impact of a &quot;pernicious combination of increasing taxes and regulation&quot;. Despite posting record half-year sales up 7.6% to \u00a3525.4m, Wetherspoon&#039;s pre-tax profits fell 11% to \u00a332.2m.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Wetherspoon warns of higher costs\",\"datePublished\":\"2011-03-11T08:39:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\"},\"wordCount\":165,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\",\"name\":\"Wetherspoon warns of higher costs - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-11T08:39:21+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wetherspoon warns of higher costs - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/11\/wetherspoon-warns-of-higher-costs\/","twitter_card":"summary_large_image","twitter_title":"Wetherspoon warns of higher costs - Ghanamma.com","twitter_description":"11 March 2011 Last updated at 03:39 ET Profits at pub group JD Wetherspoon fell as chairman Tim Martin warned of the impact of a \"pernicious combination of increasing taxes and regulation\". 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