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Interim Results for the six month period ended 31 March 2008.

Broker snap: M&B upgrade fails to inspire

22 Jul 2008
Investors called time on the recent recovery at despite an upgrade at Kaupthing, Singer & Friedlander to 'buy' from 'fair value'.

The broker noted the pub group's expertise at providing good value for money food, while there's still a glimmer of hope that M&A activity could reinvigorate the shares.

Talks regarding a possible bid for the All Bar One and Harvester owner ended three months ago when rival Punch Taverns lost enthusiasm for a deal.

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