Shares in a number of pub companies advanced yesterday after hints of a rate cut in the US restored confidence in the market, after falls earlier in the week.
Punch Taverns saw its shares, which have fallen 28% in the past three months, close yesterday up 63p to 1039p, after JP Morgan had said they had been oversold.
Enterprise Inns closed up 33.5p to 611p, while Mitchells & Butlers rose 33.5p to 711.5p.
Shares in Whitbread climbed 4.6% to 1550p, after Numis Securities said it believed trading was string and that there was a possibility that the company would announce a £950m return of capital in its next trading update.
