Stress warning for pubs paper


A report from RBS warns that the UK pub sector could be entering a tough growth environment after years of strong performance, putting pressure on tight valuations. “People have been looking towards the past to some extent,” says Michael Cox, structured finance analyst at RBS and author of the report. “The pub sector has historically performed very well, and has never really been through a period of stress.”

Pub companies will have difficulty achieving growth as flat prices combine with rising

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