Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Speaking to CNBC's "Squawk Box Europe" on Friday, JD Wetherspoon's Tim Martin said pubs were having to adapt to a rise of coffee shops and restaurants in the last three decades.
British pubs "used to have their own nice little monopoly," he said, but changing trends — such as younger people consuming less alcohol — had forced pubs to offer more variety to their consumers.
"Millennials are drinking less. So, our number one draft product is Pepsi cola — which is almost sacrilege. And, we sell more coffee and tea combined, which isn't a draft product, than Pepsi," Martin said.
"So, that's one of the trends that you are seeing. More variety is required as well … but I would say far more non-alcoholic drinks, far more coffee and more food in pubs. Those are the big trends."
His comments came as JD Wetherspoon — which operates more than 900 public houses in Britain and Ireland — reported a rise in full year pre-tax profit on Friday, defying intensifying Brexit uncertainty.
Pre-tax profit after exceptional items rose to £95.4 million ($118.5 million) for the year ending July 28, up from £89 million a year earlier. However, before exceptional items it fell 4.5% to £102.5 million.
The prospect of a "no-deal" Brexit on October 31 has fallen sharply in the last week, after British parliament voted to prevent Prime Minister Boris Johnson from taking the country out of the European Union in less than 50 days' time.
But, the world's fifth-largest economy still faces months of uncertainty and the outcome of Brexit remains unclear more than three years after a small but clear majority voted to leave the EU.
Earlier this week, the U.K. government was forced to release documents outlining its worst-case scenario "planning assumptions" in the event of a no-deal Brexit. The Operation Yellowhammer papers revealed that this cliff-edge scenario could result in rising food and fuel prices, public disorder and disruptions to supplies of medicine.
Martin, an ardent supporter of Brexit, told CNBC on Friday that it was "total nonsense" to think that producer prices would go up in the event of a no-deal departure from the bloc.