Enterprise Inns PLC (ETI.L)
LONDON, May 12 - British pub landlord group Enterprise Inns plans to sell 1,000 pubs, create a large property rental arm and expand its own managed pubs unit in response to a new tenant law that stands to hit profits.
LONDON, May 12 - British pub group Enterprise Inns said it would expand its own managed division and ramp up its commercial property arm as part of plans to protect its business from a new law that will allow publicans to choose where they buy their beer.
* H1 underlying pretax profit 57 million stg versus 55 million stg year ago
* Trading performance during first 18 weeks of financial year has been in line with our expectations