All Punch Pubs Co articles – Page 12
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NewsABI unable to support Punch restructure proposals
A group representing Punch Taverns noteholders has said it’s unable to support the pub company’s plans for its debt restructure
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Punch and noteholders clash over restructure process
Punch Taverns executive chairman Stephen Billingham and a committee representing senior Punch noteholders have clashed over the process of the company’s debt restructure
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NewsPunch announces full restructure proposal
Punch Taverns, the tenanted and leased pub operator, has announced the full terms of its debt restructuring proposal and said that failure to effect the restructure would be expected to lead to a default in the near-term
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NewsPunch disposals to take longer than anticipated
Punch Taverns, the tenanted and leased pub company, expects its pub disposal process to take about two years longer than initially thought
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NewsPunch: statutory code threatens jobs
Punch Taverns says 415 jobs could go among its external contractors and suppliers if the Government introduces its proposed statutory code as planned
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NewsPunch shares grow 19% as M&C20 recovers
Punch Taverns was the star performer in the M&C20 this week, with its share price rising 19% to 12.5p on the back of the company’s restructuring proposals announced on Monday
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NewsPunch noteholders 'would oppose restructure proposals'
The Association of British Insurers Senior Noteholder Committee wants a number of changes, including limiting maximum capex to £15,000 per core pub per year and putting “board observers” into the corporate structure, before it can agree to proposals
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NewsPunch sets out restructuring plan
Punch Taverns has this morning set out its latest proposals for restructuring its debt securitisations, and said it will launch its final proposal by 15 January
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NewsBillingham: Restructure talks have been "lively"
Punch Taverns executive chairman Stephen Billingham has told M&C Report that discussions with different parties over its debt restructure negotiations have been “lively” and said it’s “good news” that all stakeholders are involved
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OpinionGrowing from solid foundations
Earlier this month, Punch Taverns was named Business Enabler of the Year at the National Business Awards its Foundation Tenancy (PFT) lease agreement. Giles Kendall, operations director for Punch and project leader, talks about the develop of the agreement, the challenges the company faced incorporating it and how it has fundamentally changed the way Punch works with its licensees
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Punch reiterates Sell and TP for Punch
Leading analyst Simon French has reiterated his Sell recommendation and 7p Target Price for Punch Taverns after its “slightly better than expected” trading update
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Jack issues Hold for Punch after Q1 IMS
Leading analyst Douglas Jack has issued a Hold recommendation for Punch Taverns following its Q1 trading update this morning, saying he expects that the valuation gap to its peers should narrow on successful bond restructuring
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NewsPunch posts 1.4% rise in lfl core estate net income
Punch Taverns, the tenanted and leased pub operator, has reported a 1.4% rise in like-for-like net income in its core estate in the 12 weeks to 9 November, and maintained its view that it intends to announce restructuring proposals in December
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NewsPunch wins business award for lease agreement work
Punch Taverns was announced Business Enabler of the Year at the National Business Awards at the Grosvenor House in London last night
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JDW acquires Punch site
The Crowborough Cross, a substantial public house that has been closed for sometime, has been acquired JD Wetherspoon from Punch Taverns
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OpinionAvoiding the "Black Hole"
Last Wednesday’s R200 event again highlighted the sector’s ability to attract some of the best entrepreneurs and management teams in the UK, but it was also highlighted that for every success story, many concept founders can still fall down the “black hole” of business growth. At the same time, Punch Taverns will hope that the first week in December will be third time lucky for its debt restructuring proposals
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NewsPunch gears up for restructuring
Punch Taverns has said it will announce a revised restructuring proposal during the first week of December 2013 with the broadest level of support achievable at that time and will then formally launch the implementation of that restructuring proposal shortly thereafter
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Punch launches wine scheme
Punch Taverns has launched a new Wine of the Month scheme at its roadshows
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NewsPunch FD could receive £275k on successful restructure
Punch Taverns finance director Steve Dando could receive a one-off payment of up to 100% of his annual salary - £275,000 - on successful completion of the company’s capital restructure project, according to Punch’s Annual Report
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Punch found in breach of code
Punch Taverns has been found in breach of its tenancy code of practice at its first case though the Pubs Independent Conciliation and Arbitration Service (PICA-Service)