All Stonegate Pub Company Limited articles – Page 7
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NewsStonegate committed to LGBT venues as it rebases business
Stonegate has said it remains committed to LGBT venues, after speculation over the future of the Admiral Duncan, Retro Bar and Kings Arms.
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NewsStonegate CEO Simon Longbottom: Curfew a ‘perilous turning point’
Stonegate CEO Simon Longbottom has told MCA the 10pm curfew is a “devastating blow” to the hospitality sector and a “perilous turning point”.
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NewsStonegate extends £36.5m tenant support package
Stonegate Pub Company has announced further support for its pub partners, creating an overall coronavirus support package in excess of £36.5m. Within its lease and tenanted business – Ei Publican Partnerships – the pubco will offer rent reductions of 30% in October and 20% in November for tied publicans operating substantive agreements in England.
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NewsStonegate bonds dip amid continuing speculation of schools over pubs ‘trade-off’
Speculation that pubs and bars may close in a ‘trade off’ with the reopening of schools has caused Stonegate bonds to dip just two weeks after their sale, the Financial Times reports.
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NewsStonegate sells £1.2bn in bonds
Stonegate Pub Company sold £1.2bn of bonds on Friday to finance its takeover of Ei Group.
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NewsStonegate weighs in with additional support
The Stonegate Pub Company has added further support to its existing package to help its leased and tenanted pubs – known as the Ei Publican Partnerships – to reopen. Now totalling £28m, Stonegate said the package includes rent credit equivalent to 75% for July and 50% for August for “all tied publicans on substantive agreements”. It also said credits have also been applied to “Tie Release Fees and Fixtures & Fittings rental charges and to assist with future cashflow over the next 12 months” and all rent invoices will now be produced weekly instead of monthly or quarterly.
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NewsStonegate to launch high-yield bond to finance Ei takeover
Stonegate is set to raise money via a high-yield debt issue in the coming weeks to help to finance the purchase of Ei, Reuters reports.
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NewsStonegate’s Nick Rockell dies
Stonegate Pub Company property director Nick Rockell has passed away.
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NewsStonegate announces support for Ei Pub Partners
Stonegate Pub Company has revealed details of a multimillion-pound support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.
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NewsStonegate gives regulars a chance to bring the pub home
Stonegate has launched a ‘Pub In A Box’ competition to cheer up its locked down regulars. Supported by Diageo, anyone looking to enter can do so here. “In these tough times community spirit is everything and whilst our doors are closed, we will do all we can to support our customers and team,” said Alan Armstrong, head of marketing at Stonegate.
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NewsFuller’s, Stonegate, Punch and more triumph at Publican Awards
The best pub and bar operators were celebrating success with nearly 1,500 people from the sector at the Publican Awards 2020. The industry’s top companies attended the event at Evolution London for a night which looks to celebrate excellence across the pub and bar business, all mc’d by top comedian Rob Beckett. The evening saw a broad mix of pub companies take home titles with Stonegate (Best Pub Employer - 501+ Employees), Liberation Group (Best Food Offer) and the Inn Collection Group (Best Pub Employer - up to 500 Employees) celebrating success for the second year on the run across their categories.
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NewsHigh Court sanctions Ei/Stonegate deal
Ei Group has announced that the High Court has sanctioned the scheme of arrangement for the Stonegate deal.
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NewsCMA approves Stonegate/Ei deal
The CMA announced today that it has passed the proposed Stonegate/Ei deal, meaning a Phase 2 investigation will not go ahead.
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NewsCMA invites comments on Stonegate/Ei deal
The Competition Markets Authority has invited comments from interested parties regarding the Stonegate/Ei deal.
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NewsCMA indicates approval of Stonegate Ei deal
The CMA has indicated it is satisfied that the disposal of 42 pubs will clear the way for the Stonegate and Ei Group deal to progress. In a statement this morning it said the disposals amounted to a “sufficiently clear-cut and effective resolution of the CMA’s competition concerns.” However, it ...
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NewsStonegate launches female mentoring programme
Stonegate Pub Company has launched a new female mentoring programme to increase the representation of women in leadership roles across the business.
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NewsStonegate/EIG deal ‘could damage competition in 51 local areas’
Stonegate Pub Company’s proposed £3bn purchase of Ei Group does not raise UK-wide competition concerns but could damage competition in 51 local areas, the Competition and Markets Authority (CMA) has said.
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News‘Businesses as usual’ at EIG ahead of Stonegate takeover
Ei Group has announced underlying EBITDA down 3.8% to £276m, following the disposal of 354 commercial property assets for £340.6m.
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NewsStonegate to provide mental health training for staff
Stonegate Pub Company has teamed up with the Licensed Trade Charity in order to provide mental health training for more than 1,000 of its employees.