British pubs group Regents Inns has said that its full year profits are likely to fall below expectations, it has emerged.
The group warned other pubs of changing trends as financial analysts predict that rising interest rates will take their toll on the casual dining market.
Mitchells and Butlers, which owns the popular All Bar One and O'Neills pub chains, has also seen its profits fall, as have Punch Taverns and JD Wetherspoons.
The company also said that June profits would be likely to be less than the same month last year when the World Cup took place.
The smoking ban, which comes into force on July 1st, is also likely to have an adverse effect on the industry as people are encouraged to drink at home.
