Oct. 22 (Bloomberg) -- Punch Taverns Plc and Enterprise Inns Plc, the U.K.’s two biggest pub owners, surged in London trading after the Office of Fair Trading rejected a complaint that so- called supply ties protect the companies from competition.
Punch rose as much as 17 percent, while Enterprise gained as much as 21 percent in the U.K. capital. The shares had declined 29 percent and 16 percent, respectively, in the past month on concern over a “negative OFT response,” Seymour Pierce analyst Hugh-Guy Lorriman said in a note.
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