Punch Taverns has dismissed claims it has breached its banking covenants.
The pub operator has seen its shares fall 42% this month as a result of debt concerns.
Chief executive Giles Thornley said third quarter performance was in line with expectations.
Meanwhile, New York hedge fund company Greenlight Capital has acquired a 3.6 % share in the company.
Despite the extra trading in its shares, they still ended the day 2.5% lower at 310p.
Enterprise Inns was also down 1.6% at 393¼ p and JD Wetherspoon was down 1.8% at 200 ¾ after speculation that investor meetings had gone badly.
Financial Times 28/06/08 page 19, 21 and 26 (Companies)
