Enterprise Inn confident it will meet targets despite weak consumer spending
31 March 2006
Pub operator Enterprise Inns is trading well despite weak consumer spending and increasing legislative pressure and costs on its licensees.
In a trading statement today, the leased and tenanted pub giant said that operating and pre-tax profit would meet expectations for the six months ending 31 March despite these challenges.
Enterprise also said it was ahead of schedule on its share buy-back programme that it announced last November.
It intends to return a minimum of £200m to shareholders and is well on the way to meeting this milestone, having purchased 21.1 million shares and returned £191m.
By Chris Druce
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