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Pub companies hit by new law

MPs have voted to add a Market Rent Option (MRO) to the Small Business, Enterprise and Employment bill, placing Britain's pub companies' profitability in jeopardy.
November 19, 2014

Some of Britain's largest pub companies were dealt a blow this week after MPs gave the government a bloody nose and voted to add a Market Rent Option (MRO) to the Small Business, Enterprise and Employment bill. The new legislation is on its way to the House of Lords.

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Companies such as Enterprise Inns (ETI) saw their share price crash 14 per cent on Wednesday morning, with shares in debt-laden Punch Taverns (PUB) falling 10 per cent and recent acquisition-target Spirit Pub Co (SPRT) down 6.5 per cent.

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