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Wetherspoons – Chancellor Less Than Frank

Wetherspoon JD. JDW politely accuses the chancellor of being less than frank in claiming that his budget is beneficial to pubs. The truth is firstly that business rates for the supermarkets costs less than 2 p per pint. for a oub it is 18p per pint.  Wetherspoons will not even qualify for the Chacellors much vaunted reduction of £1,000 per pub saving on business rates. In fact additional levies, taxes and price increases will add £20m per year to Wetherspoons costs. A budget for dinner parties, they claim – well what does one expect, it is after all, a Tory government.

As for the hard facts, Wetherspoons half year to the 22nd January had quite a good head on it with like for like sales up by 3.3%, and profit before tax and earnings per share rising by 42.8% and 51.6% respectively. The dividend is maintained at 4p per share.

Pennant International PEN delivered strong results for the year to 31st December as the expected second half  improvement materialised, following a modest first half. Annual revenue rose by 74% and basic earnings per share moved from a loss of 8.71p per share in 2015, to a positive 6.48p. Last years loss of £2.3m was transformed into a profit of £1.9m. The improvement continues with a good start having been made to 2017.Watch Full Movie Online Streaming Online and Download

esure Group ESUR Gross written premiums rose by 19%, ahead of expectations, for the year to the end of December and underlying profit after tax followed suite with a rise of 18%. Full year dividends were increased from 11.5p per share to 13.5p

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