Archives for September 12, 2013

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Punch sets disposals target as restructure continues

By John Harrington

Punch Taverns is likely to slow down its disposals to between 300 and 350 in 2014, says finance director Steve Dando, who also said he’s “confident” that the company’s debt restructure will occur in the second half of 2013.

JD Wetherspoon reports healthy sales rise

By John Harrington

JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”.