All Punch Pubs Co articles – Page 13
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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
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Osmond: Pub closures 'long overdue'
Hugh Osmond, the high-profile investor who founded Punch Taverns, has told M&C Report the closure of 10,000 pubs in the past decade has been “long overdue” and said closures will ultimately benefit the industry
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French: Only certain equity in Punch’s is Matthew Clark stake
A leading analyst has said that the Punch Taverns’ only certain equity value is in its shareholding in Matthew Clark
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NewsPunch lfls up 0.4%, to launch restructuring
Punch Taverns has reported a 0.4% rise in like-for-like net income across its core estate for the 12 weeks to 17 August 2013 and believes a consensual restructuring can be launched in H2
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Former Punch CEO joins IHG board
Ian Dyson, the former chief executive of Punch Taverns has joined Jill McDonald, the chief executive of McDonald’s UK, on the board of InterContinental Hotels Group (IHG)
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Osmond eyes return to sector
Hugh Osmond, the high-profile sector investor who previously backed PizzaExpress and Punch Taverns, is reportedly eyeing a return to the leisure sector after resigning from the board of insurance company Phoenix
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Punch launches Finest Cask website
Punch Taverns has launched a website for its Finest Cask scheme, its guest ale programme that has been running for over 10 years
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Fuller’s secures Blackfriars site from Punch
Fuller’s has strengthened its London estate with the acquisition of the White Hart pub in Blackfriars from Punch Taverns in an off-market deal for in excess of £2.5m
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Investment fund secures Punch freeholds
A pair of Punch Taverns freehold pubs based in London’s Clerkenwell have been sold to a private investment fund in an off-market deal for £3.5m. The fund has secured the White Bear and the Smithfield Tavern, both in EC1, near London’s Smithfield meat market.AG&G’s James Grimes, who represented the buyers ...
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McMullen’s adds Punch freeholds
Hertfordshire brewer and operator McMullen’s has acquired three further pubs, including two central London-based freehold sites from Punch Taverns, for an undisclosed sum
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Punch defends actions over tenants' letters
Pub company says it makes “no apologies” for helping its licensees write to the Government for the statutory code consultation
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Punch 'drafted tenant letters to Government'
Letters sent by Punch Taverns licensees speaking up for the pub company were drafted by Punch itself, The Sun reports this morning
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Punch: debt talks are making progress
Punch says it’s continuing to engage with its stakeholders as the self-imposed deadline for completing the process in the first half of 2013 passes
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NewsPunch creates dedicated division for new business
Punch is forming a New Business Division to provide dedicated support to all new tenants and lessees
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New Works secures further Punch site
New Works Pub Company, the multiple pub operator, has secured a further site with Punch Taverns
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Hundreds of Punch tenants back pubco in letters to BIS
Hundreds of Punch licensees have written to the Government in support of the pubco as part of the consultation into the statutory code, says Punch’s Andy Slee
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NewsPunch re-ignites dispute with bondholders
Punch Taverns has re-ignited its dispute with its senior bondholders by saying that a number of claims made by them regarding Punch’s restructure proposals are “inaccurate”
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Punch bondholders call for independent restructure process
Senior bondholders have called for an independent restructuring process after rejecting the latest proposal from the company, The Times reports