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Milder UK winter boosts Spirit Pub's sales

Reuters - UK Focus

March 18 (Reuters) - Spirit Pub Company Plc reported a rise in sales at pubs it directly manages, as a milder winter prompted more Britons to frequent bars.

The company, which operates about 800 managed pubs and around 470 leased pubs under brands such as Chef & Brewer, Fayre & Square and Flaming Grill, said like-for-like net sales at its managed business rose 6.1 percent in the eight weeks ended March 1.

Shares in Spirit Pub (LSE: SPRT.L - news) , which was spun off from debt-laden Punch Taverns (Other OTC: PCTVF - news) in August 2011, closed at 81.75 pence on the London Stock Exchange (Other OTC: LDNXF - news) on Monday.