Punch Taverns raise a glass to profits jump

By PERRY GOURLEY
Published 30th Aug 2015, 01:00 BST
Burton-upon-Trent-based Punch Taverns is expected to see its pre-tax profit lift by 46 per cent to £56.6 million. Picture: Ian GeorgesonBurton-upon-Trent-based Punch Taverns is expected to see its pre-tax profit lift by 46 per cent to £56.6 million. Picture: Ian Georgeson
Burton-upon-Trent-based Punch Taverns is expected to see its pre-tax profit lift by 46 per cent to £56.6 million. Picture: Ian Georgeson
PUBS group Punch Taverns, which owns outlets including the Ensign Ewart in Edinburgh, is expected to report a profits jump when it posts its full-year results on Tuesday as the group continues to cut its portfolio of outlets.

Brokers at Numis expect the Burton-upon-Trent-based group to see its pre-tax profit lift by 46 per cent to £56.6 million, just after an agreed sale of 158 pubs to property firm NewRiver Retail for £53.5m last week.