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JD Wetherspoon posts first annual profit since pandemic

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UK pub group JD Wetherspoon has swung back to annual profit for the first time since the pandemic but founder Tim Martin warned that a “tsunami of costs” could dampen prospects for the year ahead.

The chain, which operates 826 sites nationwide, booked a pre-tax profit of £42.6mn in the year ending July 30, compared with…


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