FTSE LIVE: Nationwide to overhaul tech; Wetherspoon warns on costs; UK stocks rebound at the open


FTSE LIVE: Nationwide launches major tech revamp; Wetherspoon boss warns of rising costs; London stocks rebound at the open

Nationwide Building Society has lifted the lid on plans to plough an extra £1.3billion into technology over the next five years, while also maintaining its branch network.  

And JD Wetherspoon boss Tim Martin said today that he expects costs, including taxes, labour and interest, to rise in the pub chain’s new fiscal year. The warning came as the firm unveiled a 4.3 per cent rise in full-year pre-tax profits and a 5 per cent sales uplift.