Latest news
Punch hit by smoking ban
By Tom Walker
One of the UK’s largest pub operators, Punch Taverns, has suffered a fall in sales and profits.
In a trading statement, the company said trading in the last eight weeks had been downcast, as like-for-like sales fell 2.2 per cent and profits were down 0.8 per cent.
Punch, which currently owns an estate of 8,450 pubs, blamed the falls on what it called a “challenging period for the sector”.
A spokesperson said: “Trading in the last weeks has been more subdued, with declining consumer confidence coinciding with the impact of the smoking ban in England and Wales.”
One of the UK’s largest pub operators, Punch Taverns, has suffered a fall in sales and profits.
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