Punch Taverns has cancelled a key shareholder vote planned for Friday over a plan to restructure its £2.3 billion debt pile. The pub company said that it was still necessary to hold the meetings but it said that it was delaying them in favour of more time to talk to stakeholders.  

The group has said that the restructure was is “in the best interests of all stakeholders” and warned that failure to vote the deal through would cause uncertainty over the group’s future.