Punch Taverns upbeat about 2012

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The Queen's Diamond Jubilee, the Olympics and the European football championships are expected to provide a boost to Punch Taverns later this year as it battles to kick-start the debt-laden business.

The group, which has some 4,800 leased pubs, recently reported that like-for-like net income in its core estate fell 2.9% in the 12 weeks to March 3, worse than the 1.5% decline in the previous quarter.

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