Scottish & Newcastle Calls Time On More Pubs As Tenanted Scene Goes Flat

Summary

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SCOTTISH & Newcastle's struggling tenanted pub company has reacted to the falling British beer market by putting a swathe of pubs on the market.

The move is part of a wider strategy for the group to focus on the outlets it manages for Royal Bank of Scotland and Globe Pub Company. The sale of 20 pubs comes barely three months after Scottish & Newcastle Pub Enterprises (S&NPE) placed 32 public houses on the market. S&N operates more than 2,000 pubs through its S&NPE division but the sector has been decimated by the decline in UK beers sales.

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Scottish & Newcastle Calls Time On More Pubs As Tenanted Scene Goes Flat

In the UK sales are at their lowest levels in almost 40 years, ...

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