Summary
PUNCH Taverns' plans for the recently acquired Spirit pubs have spooked investors, sending the shares crashing almost 10pc to an eight-month low.
Punch boss Giles Thorley said he now wants to keep 680 of Spirit's managed pub estate 'for the time being', breaking with the group's traditional business of owning leasehold and tenanted sites.See the full content of this document
Extract
Investors at Punch Are Shaken by Spirit Plan
He plans to keep the higher quality managed pubs...
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