Wether­spoon prof­its up as boss slams EU

The Courier & Advertiser (Angus and The Mearns Edition) - - BUSINESS -

Prof­its at pub gi­ant JD Wether­spoon jumped by 28% to £103 mil­lion in the year to July 30.

The com­pany’s Brex­it­back­ing chair­man Tim Martin took aim at EU “oli­garchs” in a com­pany state­ment.

He said: “As a re­sult of their cur­rent pos­tur­ing and threats, EU ne­go­tia­tors are in­evitably en­cour­ag­ing im­porters like Wether­spoon to look else­where for sup­plies.

“This process is un­likely to have ad­verse ef­fects on the UK econ­omy, as com­pa­nies will be able to switch to sup­pli­ers rep­re­sent­ing the 93% of the world’s pop­u­la­tion not in the EU.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.