Britain’s biggest pub company announced a fresh £30m share buyback and promised to return 50% of future available cash flow to its shareholders.
Ei Group, formerly Enterprise Inns, has committed to return £85m this year, some of which will come from the proceeds of the £332.7m sale of its commercial property division.
Simon Townsend, 57, chief executive, played down suggestions that it might resume dividend payments, suspended a decade ago, but confirmed there would be regular cash returns, probably via buybacks.
