All Punch Pubs Co articles – Page 13
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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)
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NewsTenants sought for 20 Punch pubs in Scotland
Property consultants Colliers International and Ryden have been jointly instructed to find tenants for the sites
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NewsPunch helps tenants lift food profits
Punch Taverns has announced a partnership with CaterCost, a web-based software system, to help tenants design their own menus and increase food profits
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OpinionPunch: statutory code 'breaches human rights'
Punch Taverns has labelled the Government’s plans for a statutory code for the pubco-tenant relationship a breach of its human rights
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Punch: core division, disposals, food mix
M&C Report takes a closer look at the full-year update from Punch Taverns, including investment, disposals, 2014 guidance, restructuring, tenant support, driving food sales growth and analyst reaction
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NewsPubco giants shed one in three pubs
Enterprise Inns and Punch Taverns collectively disposed of one third of their pubs - more than 5,000 outlets - between 2008 and 2012, according to figures from the Fair Deal for Your Local campaign
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NewsPunch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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NewsDissenters join Punch restructuring talks
Punch Taverns has announced that a committee of its senior bondholders, under the auspices of the Association of British Insurers (ABI), which earlier this year described the pub company’s restructuring proposals as being “some distance away from being acceptable to us”, has now joined the process of engagement regarding its debt restructuring
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NewsPunch: disposals to slow, 'confident' of restructure
Punch Taverns is likely to slow down its disposals to 300 to 350 per year in 2014, says finance director Steve Dando who also told M&C Report he’s “confident” Punch’s debt restructure will occur in the second half of 2013