00:02PubChain Weatherspoons has warned that rising costs are set to hit profits and push up its
00:07prices. The company says higher wages, national insurance contributions, energy bills and packaging
00:12taxes add tens of millions of pounds to annual costs. Pre-tax profits fell by nearly a third
00:18over the past six months, while revenues and bar sales grew modestly. The business reports that
00:23hotel and food sales remain steady, but the repairs, business rates and other operational costs
00:28continue to squeeze margins. Weatherspoons says it will continue opening and closing venues while
00:34trying to keep price increases as low as possible. Management stresses they'll monitor costs to protect
00:40staff and customers.
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