All Punch Pubs Co articles – Page 10
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NewsStatutory code to have 'little practical difference' to pubcos
Government plans to introduce a statutory code in the tenanted sector should have a “small negative impact” on Enterprise Inns and Punch Taverns, but overall make “little practical difference” to quoted operators, according to leading analyst Douglas Jack
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Punch launches gaming machine initiative for tenants
Punch has launched a Machine Reporting Suite for its pub operators to maximise the activity and income from gaming machines in pubs, via an online portal through the Punch Buying Club website
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NewsPunch disposal package will remain as pubs
The five central London freehold pubs sold by Punch Taverns to a property company will remain as pubs, a spokeswoman for the pub company has told M&C Report
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NewsPunch agrees to sell five pubs for £9.7m
Punch Taverns has agreed to sell five freehold pubs in central London to Manica Properties Ltd, an Isle of Man-based company, for £9.7m
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NewsAnalyst corner
Mark Brumby at Langton Capital takes a look at the latest update from Punch Taverns on its restructuring proposals and says that there is still a great deal to play for
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NewsPunch shares fall on latest debt plan
Shares in Punch Taverns fell by nearly 28% yesterday after the group announced that shareholders would see their stake in the business heavily diluted under a proposed a debt-for-equity swap
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NewsPunch proposes debt-for-equity swap
Punch Taverns has this morning published details of revised restructuring terms, including a debt for equity swap that would see bondholders take an 85% equity stake in the company
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NewsPunch to sell four central London pubs for £6.7m
Punch Taverns has announced that it has reached agreement to sell four freehold central London pubs to Morgana Limited for a total of £6.7m
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NewsPunch restructuring talks to continue
Talks regarding the restructuring of Punch Taverns are to continue after the company’s remaining bondholders voted in favour of waiving covenants that would otherwise have placed the company in default
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NewsPunch invests over £2m into Lancashire estate
Punch Taverns has invested more than £2m into its pubs across Lancashire over the past six months to refresh menus and enhance the use of local produce
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Punch sells Hammersmith pub for £2m-plus
Punch Taverns has sold the Old Parr’s Head in Hammersmith, West London for more than £2m after more than 10 offers for the site
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NewsPunch bondholders waive covenants
Talks regarding the restructuring of Punch Taverns are set to continue after the pub company announced this morning that its bondholders had voted in favour of waiving covenants that would otherwise have placed the company in default
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NewsAnalyst corner
Beaufort Securities has reiterated its Hold recommendation for Punch Taverns following the pub company’s interim results for the 28 weeks to 1 March
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NewsPunch: Restructure, investments, Punch Foundation Tenancy, disposals
M&C Report takes a closer look at the results for the 28 weeks to 1 March for Punch Taverns and speaks to executive chairman Stephen Billingham
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NewsPunch: net income grows in core estate; restructure talks continuing
Punch Taverns has reported a 1.4% rise in like-for-like net income in its core estate in the 28 weeks to 1 March, with average profit per pub up 4% across the entire estate
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NewsPunch noteholder committee favours covenant waive
A group representing senior Punch Taverns noteholders has signalled its acceptance of the pub company’s request to waive its covenant and avoid default on its debt securitisations
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Punch asks creditors to vote to waive covenant
Punch Taverns has asked to meet its noteholders on 29 April to vote on requests to waive its covenant and avoid default on its debt securitisations
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Punch invests £1.1m in Sheffield pubs
Punch Taverns, the tenanted and leased pub company, says it has invested £1.1m in its pubs in Sheffield in the past year
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Investor PPR Estates buys Punch pub
A Punch pub in south London has been sold to a new sector investor PPR Estates
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Horan eyes more sites
Mick Horan, former operations director for Ha Ha Bar & Grill and the Living Room, has told M&C Report he hopes to open at least three sites in the next 12 months, as he opens his first outlet under a student-friendly concept called Study Room