Mar 19, 2021

JD Wetherspoon attacks government’s lockdown measures

JD Wetherspoon blamed a record half-year loss on the "Economic and social mayhem" and colossal debts caused by government's Covid-19 restrictions, "With no apparent health benefits". Revenues more than halved to £431m while like-for-like sales were down 53 per cent. Halfords has agreed to buy Universal Tyre and Autocentres, a motoring services provider based in Kent, for £15m. ContourGlobal pledged to keep growing its dividend by 10 per cent after delivering annual results that matched forecasts. Its 2020 results showed a $29m net profit, up 26 per cent year on year, with adjusted ebitda up 3 per cent to $772m. Johnson Service, the workwear and hotel linen rental business, posted a £32.3m pre-tax loss for 2020 as hospitality industry closures meant revenue fell 34 per cent to £229.8m.Beyond the Square Mile.

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