FTSE LIVE: Inflation falls to 1.5%; Wetherspoon boss calls for a no-deal Brexit; Eddie Stobart sees takeover bid; SSE swings to a profit
- Tim Martin says Britain would be better off with a no-deal Brexit
- Eddie Stobart confirms shareholder has made a £55m bid for controlling stake
- SSE swings to a profit, but group warns of political ‘uncertainty’ taking its toll
Tim Martin, the boss of pub group JD Wetherspoon, has hit out at Boris’ Brexit deal, claiming no-deal is the way to go.
In the trading update the company also announced that like-for-like sales increased 5.3 per cent in the 13 weeks to 27 October.
Elsewhere, in a stock market statement, Eddie Stobart has confirmed it has received a takeover approach from Douglas Bay Capital Fund, who want to buy a 51 per cent stake of of a new entity that would then become the holding company for Eddie Stobart.
SSE has swung from a £285million pre-tax loss in the first six months of 2018 into a £129million profit this year, the company’s latest results reveal.