Financial Times FT.com

Enterprise drops on rent and beer sales fears

By Bryce Elder

Published: August 12 2009 08:26 | Last updated: August 12 2009 22:35

The FTSE 100 rallied for the first time in three days on Wednesday, but Enterprise Inns came under pressure amid trading and financing concerns.

Britain’s biggest pubs group lost 3.2 per cent to 157p after rent data led Goldman Sachs to add the stock to its “sell” list. “In light of declining rents and still declining beer sales, we expect the full-year results and outlook to disappoint,” said the broker.

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