JD Wetherspoon will review its smoke-free pubs strategy early next year following an average sales decline of 7% in houses that have bans in place. The company said it expected to have just 50 non-smoking pubs by Christmas, up from the existing 36. The 655-strong pub chain reported full-year pre-tax profit down from £46.3m to £38.7m on turnover up from £787.1m to £809.9m. Like-for-like sales dropped 0.6%. The figures provide the first evidence of the impact a smoking ban could have across the industry. Altium Securities dismissed talk of a management-backed bid for the group and reiterated its “sell” rating. Wetherspoon closed down 12p at 279.5p. Financial Times (Money & Business) 03/09/05 page 2, page 19 (Market Weeks UK – London) The Times 03/09/05 page 49 (Commentary), page 50 (Need to Know), page 52 (Results in Brief), page 53 The Daily Telegraph 03/09/05 page 29