Tim Martin: labour costs are concern
THE boss of JD Wetherspoon has warned that increased labour costs could lead to a drop in annual profits compared with last year.
The warning from Tim Martin came as the pub giant reported a 2.4 per cent rise in like for like profits for the 13 weeks to October 25.
Wetherspoon, which has more than 70 pubs in Scotland, said the Rugby World Cup had boosted sales in the last six weeks.
Shares in the company were down nearly five per cent in morning trading.
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