Wetherspoon's loss narrows despite higher costs

Last week, Wetherspoon's rival Mitchells & Butlers also warned of tighter margins

Wetherspoon's results also come after it said earlier this year that higher costs of labour and repairs were hurting its bottom line.

Pub operator J D Wetherspoon's annual loss narrowed from a year ago, even as the company battled soaring energy and labour costs.

Pub groups in the UK, still reeling from the Covid-19 pandemic, are now grappling with rising costs of everything from labour and ingredients to energy, and the threat of lower consumer spending as inflation in the country continues to soar.