Rent concessions rise at Punch Taverns

Punch Taverns, the UK's largest pub operator, has had to increase the number of rent concessions it offers its licensees as market conditions tighten.

Reporting half year profits in line with market forecasts, Punch admitted its retailers were being offered more support in the current trading environment.

Noting what it described as 'challenging market conditions', Punch said while the majority of its licensees had coped well, 'some pubs have taken more time to adapt'.

'We are continuing to support our licensees where appropriate through the use of rent concessions, specific beer discounting schemes and promotional support,' the group said.

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