Enterprise puts dividend on ice amid tough trading

first_img Enterprise puts dividend on ice amid tough trading KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsappcenter_img ENTERPRISE Inns said yesterday it would not pay a dividend in the current year and expected trading conditions to remain challenging.Shares in Britain’s biggest pub group went down by more than ten per cent at one stage.The company stopped paying dividends in May 2009 to help reduce crippling debt of nearly £4bn. It left the door open to a resumption of dividends next year if market conditions improve as it reported full-year results in line with market forecasts. Shares had jumped since August in anticipation of a restored dividend.Chief executive Ted Tuppen said: “Given the current degree of market uncertainty, the board does not consider that the resumption of dividends now would be appropriate.”He said subject to market conditions, the board expected further stabilisation in the pub estates’ performance and to cut debts via cash from the sale of some pubs. “The board is confident that the business is in a sound position to deliver positive returns to shareholders over the medium term, including the resumption of dividend payments.” Tuesday 16 November 2010 8:50 pm Tags: NULL Show Comments ▼ Sharelast_img

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