All Mitchells & Butlers articles – Page 40
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Weekend Press
Punch shareholders in M&B mutiny
Mitchells & Butlers has agreed to look at Punch Taverns’ merger proposals under which both companies’ shareholders would hold 50% of the enlarged pubs group. But Punch shareholders have warned they will vote against any deal if it dilutes their stakes. They claim that Punch will hand over £175m in ...
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News
Punch rubbishes R20 property deal talk
Punch Taverns has dismissed suggestions that it might agree a property deal with Robert Tchenguiz’s R20 as the price for securing the entrepreneur’s support for its proposed £11bn merger with Mitchells & Butlers (M&B).Tchenguiz, who has a 23% stake in M&B, had been in negotiations with the group over a ...
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News
Sector stocks suffer after warnings
Shares in quoted companies from the eating and drinking-out market were hit yesterday after profit warnings from Clapham House Group and Regent Inns.Shares in Clapham and Regent both suffered heavy falls, with Clapham almost halving to 136.5p and Regent giving up more than a third to 25p.Shares in The Restaurant ...