Punch Taverns starts fiscal year trading in line

Pub and bar operator Punch Taverns is trading in-line, despite which analysts warn that the equity value of the company's pubco business is nil.

Pub and bar operator Punch Taverns is trading in-line, despite which analysts warn that the equity value of the company's pubco business is nil.

In its interim management statement covering the first 16 weeks of the fiscal year, up until December 8th, the company stated that average profit per pub was stable and overall profit performance was in line with management expectations.

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