Punch Taverns scrapped its final dividend amid continuing weak sales in its managed and leased pubs. Chief executive Giles Thorley did not clarify whether it would be able to raise finance when it need to repay a £295m convertible bond in 2010. Greene King is on track to meet expectations, boosting shares in the pubs and brewing group. It said sales in its pubs were down 1.6% on a like-for-like basis in the 16 weeks to 24 August. Financial Times 06/09/08 (Companies) page 16