Rainy Summer Drains Up to Pounds 8m From Punch ; in Association with Rbs

Summary


PUBS operator Punch Taverns has blamed the soggy summer weather for dampening its full year profits.

The group, which has a strong presence in flood-hit areas such as the Midlands, warned pre-tax profits could be up to 3% lower than previous expectations after the poor weather and flooding at the start of summer hit trading.

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Extract


Rainy Summer Drains Up to Pounds 8m From Punch ; in Association with Rbs

However the company added that it had seen "no si...

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