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Insider UK
Insider UK
Business
Peter A Walker

Wetherspoon warns over annual losses due to hiked wages and slow sales recovery

JD Wetherspoon has warned over annual losses after hiking staff wages and increasing spending on repairs and marketing amid a slow recovery in bar trade.

The pub group said it is now expecting losses of around £30m for the year to the end of July, after investing to attract and retain workers.

Wetherspoon - which has more than 800 pubs across the UK and Ireland, including 67 venues in Scotland - had previously said in May that it expected to break even over the full year, having cheered a return to profit in March.

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