Wetherspoons pub chain bucks the casual dining slump

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City & Finance Reporter for the Daily Mail

Wetherspoons has avoided the brunt of a slump in casual dining

Wetherspoons has avoided the brunt of a slump in casual dining

Wetherspoons has avoided the brunt of a slump in casual dining

Wetherspoons has avoided the brunt of a slump in casual dining because it is not a ‘trendy-type’ business, its Brexit-backing boss said.

High Street rivals such as Jamie’s Italian, Byron and Prezzo have all hit trouble in the past year, but Tim Martin, 62, said his pub chain was doing ‘quite well’.

Profits rose 36 per cent to £54million for the six months to January 28 and revenue was up 3.6 per cent to £830million.

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