London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

Wetherspoons boss £44,000,000 richer after Tory election win

Wetherspoons boss £44,000,000 richer after Tory election win

Wetherspoons boss Tim Martin may have backed the Brexit Party in the General Election – but the Conservative Party’s win has made him £44 million richer.

Boris Johnson claimed victory at 5am this morning after the Tories crossed the 326-seat threshold.

With the stock market following the results, it’s been reported that shares in the pub company soared by nearly 10% following the announcement.

On Thursday night, Mr Martin’s 32% stake was worth £487 million on paper.

But by lunchtime on Friday, it had jumped to £531 million, making him £44 million wealthier than before.

All shareholders reaped the benefits of a Conservative win, with a Wetherspoons share worth 1,619p, up from 1,482p.

Staunch Brexiteer Mr Martin has vowed to remove EU drinks from menus, although favourites including Guinness from Ireland and Prosecco from Italy are expected to stay.

The pub group has spent £94,856 on promoting the Leave cause, this including Brexit beer mats and publications.

Earlier this week, Wetherspoons announced plans to invest more than £200 million in pubs and hotels over the next four years, creating around 10,000 jobs.

The prime minister did his first post-election speech this afternoon, urging the nation to ‘let the healing begin’.

Speaking outside Downing Street, Mr Johnson said he hoped the results of last night’s vote will help ‘everyone to find closure’.

He added that he will work to ‘unite and level up’ the whole of the UK under his ‘one nation Conservative government’ to lead us out of the EU by the end of January.

The pub group has spent £94,856 on promoting the Leave cause, this including Brexit beer mats and publications.

Earlier this week, Wetherspoons announced plans to invest more than £200 million in pubs and hotels over the next four years, creating around 10,000 jobs.

The prime minister did his first post-election speech this afternoon, urging the nation to ‘let the healing begin’.

Speaking outside Downing Street, Mr Johnson said he hoped the results of last night’s vote will help ‘everyone to find closure’.

He added that he will work to ‘unite and level up’ the whole of the UK under his ‘one nation Conservative government’ to lead us out of the EU by the end of January.

After Labour suffered its worst result since 1935, Jeremy Corbyn has announced he will stand down as leader after a ‘process of reflection’.

In a short statement, he described himself as ‘very sad’, but insisted he still had ‘pride in the manifesto’.

He said: ‘I have pride in our manifesto that we put forward and all our policies we put forward that actually had huge public support on issues of universal credit, the green industrial revolution and investment for the future.

‘But this election was taken over ultimately by Brexit and we as a party represent people who vote remain and leave, my whole strategy was to reach out beyond the Brexit divide to try to bring people together.’

Newsletter

Related Articles

0:00
0:00
Close
UK Prison Officer Sentenced for Inappropriate Conduct with Inmate
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
×