Wetherspoon may raise drink prices to absorb higher wages
by Angela Monaghan from on (#42DWV)
Share price drops and chain announces founder Tim Martin is recovering from burst appendix
JD Wetherspoon may raise its prices in the coming months as the pub chain warned of weaker trading, higher staff costs and said its founder and chairman, Tim Martin, would be working part time for several weeks as he recovers from a burst appendix.
In a trading update for its first quarter, the pubs firm said that while it would not immediately pass on a higher wage bill to customers through price rises, it was under review.
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