Upbeat Punch Helps Put Fizz Back in Pub Chains ; Market Round-Up

Evening Standard - London › June 25, 2008

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Summary

STOCK market bears may have stopped calling time on the UKs biggest pub chains following an abysmal perfor-mance by their shares during the past year that has seen them lose almost two thirds of their value.

Punch Taverns bounced off a four-and-a-half year low with a rise of 181#4p to 3361#2p, after briefly touching 347p, fol-lowing yesterdays after-hours trading statement, which had been brought forward from next month.

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Upbeat Punch Helps Put Fizz Back in Pub Chains ; Market Round-Up

Britains biggest pubs operator moved to reassure shareholders after a 75% slump in the value of its shares during the past year. It says it can convert its property po...

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