Belfast Telegraph

Pubs in decline, says chain boss

The pub industry is still in decline, the chief executive of the Punch Taverns chain declared yesterday.

Roger Whiteside said drinking out is falling at a constant rate of 3.5% a year, and while pubs with a successful food turnover can grow, those reliant on drink face an uncertain future. Annual revenues fell 6% to £492m and pre-tax profits fell 16% to £64m.