Future of Punch pubs in balanceJust as a reminder for those who don't investigate all linked text, let's reproduce this graph of their share price I first published in 2009 (click to go large, as per usual).
The UK arm of Ambac, a bond insurer, has hired debt restructuring experts ahead of a battle over the future of the indebted pubs group Punch Taverns.
As Rolf might say, d'you see what it is yet?
In contrast, some busineses are doing extremely well right now.
Tobacco stocks have returned more to investors in the last decade than any sector in the IMA universe, a new study from Financial Express has revealed.Talk about backing the wrong horse, eh?
The FTSE 350 Tobacco has returned 539.43 per cent in the last 10 years, outperforming the FTSE All Share by 495 per cent. The best performing IMA sector in this time period, China/Greater China, has returned less than half of this figure to investors.