Is this the beginning of the end for the pubcos?

Media report today that Punch Taverns has called last orders on 300 of its under-performing premises.

Many of the pubs up for sale are expected to remain as licensed premises, although a "significant number" could be turned into housing or shops, PA is reporting. Punch Taverns, which has around 8,000 pubs in total, said the premises to be sold were from its "turnaround" division of struggling businesses.

Camra has already expressed fears that the sale will attract speculators.