Shares in Punch Taverns, Britain's biggest pub company, fell 3 per cent today after it said that profits had continued to fall at the same rate as last year.
The group, whose weak performance and huge debt pile has forced it to sell off hundreds of pubs, said that profits "remained under pressure" with like-for-like income on its leased estate for the first 16 weeks of its financal year falling at a similar rate to last year — when they dropped 11 per cent.
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