PUB FLOAT

the IPO of pub owner The City Pub Group has been given the green light for thursday and is expected to raise an extra £5m.

the pub group hopes to raise £46.6m from the placing, valuing the company at £96m.

the City Pub Group runs 34 premium pubs across southern england, including St aldates tavern in Oxford, the Old Fire House in exeter and the Nell Gwynne in London’s Covent Garden.