Rate of decline easing at Punch Taverns

The difference in trading performance between pubs in Punch Taverns' core estate and those in its non-core estate clearly demonstrates why the pubs group is so keen to get shot of the latter.

The difference in trading performance between pubs in Punch Taverns' core estate and those in its non-core estate clearly demonstrates why the pubs group is so keen to get shot of the latter.

In the 16 weeks to December 10th, pubs in the core estate saw like-for-like (LFL) net income dip 1.5% from the same period of 2010, while net income in the non-core estate was down 10.4% on a LFL basis.

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