Punch hoping for lovely jubilee to reverse falling sales

The pub-filling summer sport bonanza can't come soon enough for pubs operator Punch Taverns, which saw half-year profits dragged down by poorly performing pubs it is keen to get shot of.

The pub-filling summer sport bonanza can't come soon enough for pubs operator Punch Taverns, which saw half-year profits dragged down by poorly performing pubs it is keen to get shot of.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) sank to £128.3m in the 28 weeks to March 3rd from £138.6m in the corresponding period of the previous year.

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