All Punch Pubs Co articles – Page 9
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News
Punch ordered to pay damages to tenant in latest PICAS hearing
Damages have been awarded against Punch Taverns for breaches of its code of practice following the latest case to go through the Pubs Independent Conciliation & Arbitration Service (PICA-Service).
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NewsPunch rolling out Mighty Local and Champs formats
Punch Taverns is rolling out two new retail formats which it says will allow it to “become more involved with the running of some sites”.
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News
Golfrate acquires 11-strong pub portfolio
Golfrate, the London-based property management company, has acquired an 11-strong package of pubs, the majority of which are owned by Punch Taverns, in a deal funded by a new £20m loan
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News
Punch and Admiral rule out managed move
Punch Taverns and Admiral Taverns have both ruled out introducing managed divisions alongside their leased and tenanted estates
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NewsPunch restructuring completed
After more than two years of negotiations, Punch Taverns is entering a new phase after finally completing the restructure of its £2.4bn debt
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News
Jack: Punch more attractive than Enterprise
Leading analyst Douglas Jack at Numis has said that after its successful restructure he views Punch Taverns as more attractive than Enterprise Inns
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NewsPunch looks to future as restructure approaches
Punch Taverns is set to enter a new phase from today, with the group finally set to complete the final restructure of its £2.4bn debt after more than two years of negotiation
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NewsPunch receives final approval for restructuring
Punch Taverns has completed the final hurdle for its restructure, with the Royal Bank of Scotland (RBS) approving the move today
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NewsLloyds Bank approves Punch restructure
Punch Taverns has just one more hurdle to jump before its restructure is confirmed, after the plan was approved by Lloyds Bank on Thursday
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NewsBillingham: Griffiths a 'strong candidate' for Punch CEO
Punch Taverns chief operating officer Neil Griffiths is a “strong candidate” for the role of chief executive, and the group would look at candidates with retail skills from inside and outside the pub sector, executive chairman Stephen Billingham has told M&C Report
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NewsPunch restructure 'entering final stages'
Punch Taverns has entered the “final stages” of its restructure process, with noteholders this afternoon joining the shareholders in approving the proposals, which are now expected to be implemented on 13 October
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NewsPunch shareholders agree to restructure
Punch Taverns’ restructure process has passed another hurdle today, with shareholders agreeing to the proposals at a general meeting
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NewsPunch restructure edges closer
Punch Taverns’ restructure has edged closer after more creditors gave their backing to its proposals
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InterviewsMartin 'incensed' not to be interviewed for Punch CEO role
In a satirical swipe at the country’s second biggest tenanted pub operator, JD Wetherspoon chairman Tim Martin has revealed that he is “incensed” not to have been interviewed for the job of Punch Taverns chief executive
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NewsBillingham 'to relinquish exec chairman role'
Stephen Billingham is to relinquish his role as executive chairman of Punch Taverns once the company completes the restructure of its debts, according to The Times
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News
Punch pubs embrace apprenticeships
A total of 180 Punch Taverns pubs have got involved in the company’s apprenticeship programme, with 42 licensees having taken on new apprentices, the group has said
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News
Punch restructure 'will grow equity value by 17%'
The proposed reduction in Punch Taverns’ debt under its restructure proposals would grow the equity value of the company by 17%, or 1.7p per share, a leading analyst has said
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NewsPunch launches proposed debt restructure
Punch Taverns has announced the launch of its restructure, which had been delayed from last Monday, saying that its new structure is set to be in place from 8 October subject to approval from creditors
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NewsPunch restructuring delayed
Punch Taverns has announced that the launch of its £2.3bn restructuring has been delayed, as some “additional time is required to conclude discussions between certain stakeholders”
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News
Thorley backs new Cheltenham venture
Giles Thorley, the former chief executive of Punch Taverns, is one of the backers of a new restaurant and bar concept, which opened earlier this year in Cheltenham