Soaring Prices Whack Wetherspoon

LONDON - Fewer Brits are heading to their local watering hole these days and that's hurting pub chains like J D Weatherspoon, as food and drink inflation also squeezes their margins. J D Wetherspoon, which runs nearly 700 establishments in the United Kingdom, posted an 11.0% drop in annual pretax profit on Friday, as rising raw material prices bit into its profits and British pub-goers eased up on their drinking... [read full story]