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Wetherspoons calls time on pub openings as higher wages bill bites

The boss of JD Wetherspoon admitted that the pub chain had “reached the limits” of its rapid expansion as a higher wages bill hit profits.

The FTSE 250 company’s pub openings hit a peak of about 100 a year in the early 2000s. That has since cooled, with analysts predicting between 5 and 10 this year. 

Tim Martin, Wetherspoon founder and chairman, said: “It is inevitable that going that from one to nearly 1,000 pubs, there will be reorganisation.

“When property prices were cheaper, we over-invested in some towns, but we’ve gradually been sorting that out. The skill is trying not to fall into the trap of over-expanding." 

Tim Martin, chairman of JD Wetherspoon has previously called for Britain to leave the EU without a deal.

In the first half of the year, it opened two new pubs and closed six, bringing…

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