All Punch Pubs Co articles – Page 9
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NewsPunch invests £1.2m in Notts pubs
Punch Taverns has invested £1.2m into pubs across the Nottingham area over the past year, the company has said
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NewsPunch noteholders vote to waive covenants
Punch Taverns noteholders have voted overwhelmingly in favour of requests by the pub company to waive its covenants that would otherwise put the firm in default, as part of the restructure of its £2.3bn debt
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Punch backs VAT Tax Equality Day
Punch Taverns has pledged its support for the nationwide VAT Tax Equality Day on 24 September
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NewsPunch stakeholders make key restructure commitment
Stakeholders of Punch Taverns have made a key commitment to ensure that the proposed restructure of the pub company’s debt is not hampered if they chose to trade their bonds
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NewsM&C20 begins recovery from slump
The M&C20 Leisure Index recouped some of the losses it suffered last week as it finished up five points to 1,183, while the All Share Index fell 11 points to 1,048, once again widening the gap between the indices largely thanks to gains made by Greene King and Mitchells & Butlers
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Analyst corner
Douglas Jack at Numis examines yesterday’s announcement on Punch Taverns’ debt restructure and the pub company’s trading update
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NewsPunch Taverns restructure proposals agreed by stakeholders
Punch Taverns has announced that its latest restructure proposals have been agreed by “a broad range of stakeholders” including the influential ABI Special Committee
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Punch adds fourth Champs sports bar
A fourth Punch pub is being transformed to its Champs sports bar concept
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Eighty pubs on Punch Foundation Tenancy agreement
Punch Taverns says it has more than 80 of its Punch Foundation Tenancy (PFT) agreements in place two years after launching them
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NewsPunch expands Buying Club services
Punch Taverns is increasing the scope of its Buying Club by expanding the non-drinks services and business support it offers to tenants
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NewsPunch relaunches licensee training programme
Punch Taverns has relaunched its licensee training programme
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Punch completes 250th investment this FY
Punch Taverns has completed its 250th pub investment since the start of its current financial year last September
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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