REIT status could ward off last call at Enterprise

11/21/2007 | Reuters

After a long, hard summer of plummeting profits attributed to Britain's smoking ban and falling beer sales, Enterprise Inns is working to convert to REIT status. HM Revenue and Customs has not yet given approval of REIT status, but company officials are talking about restructuring plans that would satisfy the U.K.'s REIT criteria.

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