Core Estate

Full-year net income up 1.3% at Punch

12-Nov-2014 By Mark Wingett, M&C Report

Punch Taverns has this morning reported a 1.3% rise in like-for-like net income across its 2,925-strong core estate – which marks five consecutive quarters of growth, and said it could now focus on improving its business through investment in its pubs...

Industry veterans set up pub operating company

09-Sep-2013 By Poppleston Allen

Two industry veterans who previously worked for companies including Barracuda, TGI Friday’s and Town & Country Inns, have set up a temporary management/pub operating company with plans to operate 15 sites on long-term leases by the end of 2014.

Punch Taverns reports slowing decline in like-for-like sales

12-Mar-2013 By John Harrington

Punch Taverns, the leased and tenanted pub company, has reported improving trends in the 12 weeks to 2 March, with a slowing of the decline in like-for-likes across its core estate from 5.2% in Q1 to 3.5% in the period.

Punch Taverns performance 'in line with expectations'

14-Dec-2012 By M&C Report

Punch Taverns has this morning said that its average profit per pub is stable and overall profit performance is in line with management expectations, while discussions regarding a financial restructuring of the business were ongoing.

Punch like-for-like sales drop

28-Jun-2012 By John Harrington, M&C Report

Punch Taverns, the tenanted and leased pub operator, has reported a 6.4% decline in like-for-like sales in its core estate in the 12 weeks to 26 May due to the poor weather and difficult comparatives, although it said it remains on track for full-year...

Admiral wipes out £47m of debt

08-Apr-2011 By John Harrington, M&C Report

Admiral Taverns has wiped £47.2m off its debt as it trimmed its estate by 11% and reported improved trading in its turnaround division.