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Eldridge Pope slides after warning

13 April 2012

SHARES in Eldridge Pope crashed 34p, or almost 20%, to 139p today as the pubs and bars group warned that profits for the year to 2 October will fall 'materially short' of market expectations.

Like-for-like sales at its bars chain tumbled more than 11% in the 29 weeks to 24 April. The inns side is down by 3.7% although pubs are up by 2.9%.

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