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Enterprise says less pubs closing

Enterprise Inns, the UK’s second-biggest pubs firm, said the rate of closures across its properties had slowed and fewer tenants needed financial support as conditions improved. Enterprise, which has around 7,500 leased and tenanted pubs, said yesterday it had benefited from selling underperforming pubs and had seen a stabilisation in beer sales, improved food sales and an easing of cost pressures on licensees. It said that “the rate of business failures has come down in the second half of the year and is continuing to reduce”.