Today’s AGM update highlights that the good trading and strategic momentum witnessed in the last 18 months has been sustained into FY17. LFL net income growth of 1.6% is reported vs a 1.6% comp for the 18 weeks to 4th February. This is solid, albeit we were anticipating a figure closer to 2% give the sector enjoyed a strong Christmas given industry data. Strategic commentary suggest things remain on track in terms of re-profiling the estate to maximise shareholder value. The other main news item ....
09 Feb 2017
N+1 Singer - Travel & Leisure - Enterprise Inns (ETI LN) (Not Rated) - Solid AGM update
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N+1 Singer - Travel & Leisure - Enterprise Inns (ETI LN) (Not Rated) - Solid AGM update
Today’s AGM update highlights that the good trading and strategic momentum witnessed in the last 18 months has been sustained into FY17. LFL net income growth of 1.6% is reported vs a 1.6% comp for the 18 weeks to 4th February. This is solid, albeit we were anticipating a figure closer to 2% give the sector enjoyed a strong Christmas given industry data. Strategic commentary suggest things remain on track in terms of re-profiling the estate to maximise shareholder value. The other main news item ....