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Festival Inns records loss for second year running

Festival Inns, the Edinburgh-based leisure empire owned by entrepreneur Kenneth Waugh, has posted a second successive annual loss. However, it says the pub smoking ban has been "on the whole positive".

Festival Inns, the Edinburgh-based leisure empire owned by entrepreneur Kenneth Waugh, has posted a second successive annual loss. However, it says the pub smoking ban has been "on the whole positive".