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Income hike for Punch Taverns
UK BAR and pub operator Punch Taverns yesterday announced its core estate had achieved 1.3 per cent growth in like-for-like net income for the year ending 24 August.
The Staffordshire-based company also successfully completed its capital restructuring process, reducing its total net debt by £600,000. The company said it was “delivering [its] business plan with steady progress in all areas”. Shares rose 4.2 per cent.