Banks are lending, but at a price
26-Aug-2010 By Hamish Champ
Small pub operators looking to banks for funding may well get the money they are after but they'll have to pay higher fees and other charges, new...
Whitbread issues £102m of new debt
16-Aug-2010 By Hamish Champ
Pub restaurant and hotels operator Whitbread said its latest debt placement exercise underlined investor confidence in its trading performance. The...
26-Jul-2010 By Martyn Leek, M&C Report
Glenview Capital, the US-based hedge fund, is rebuilding its interest in Punch Taverns, raising its stake in the pub group twice in a week. The...
08-Jul-2010 By The PMA Team
Downing Corporate Finance has provided funding for three pub operators to acquire their freeholds. Antic has acquired the freehold interest in the...
06-Jul-2010 By Ewan Turney
Punch has warned that profits from its leased and tenanted division remain under pressure due to lower drinks margins and reduced rental income....
Punch Taverns shares rise after "encouraging" trading update
06-Jul-2010 By Hamish Champ
Shares in Punch Taverns rose more than five per cent this morning after the UK's largest pubco said it was on track to hit its annual trading...
23-Jun-2010 By Martyn Leek, M&C Report
Capital Pub Company said this morning that it was well on the way to owning 45 to 50 pubs and itsadjusted ebitda had increased by 19% to £5.8m.
Off-licences and pubs caught out in counterfeit alcohol raids
14-Jun-2010 By James Wilmore
Twenty-one off-licences and four pubs were caught out in a trading standards operation across Salford targeting counterfeit alcohol. Seventy-one...
18-May-2010 By Ewan Turney
Enterprise Inns directors sold shares worth around £580,000 last week, following a rise in the share price. Shares in the pubco rose by around 30%,...
28-Apr-2010 By The PMA Team
Urban & Country Leisure, the multiple operator led by Ross Sanders, has bought The Globe Hotel in Warwick.
BII names new finance chief
16-Mar-2010 By Hamish Champ
The BII has announced it has appointed a new finance director. Henry Bennett, who like BII chief executive Neil Robertson is a keen motorcyclist,...
15-Mar-2010 By The PMA Team
Scottish & Newcastle Pub Company (S&NPC) is putting 43 pubs across England and Wales up for sale this week through Fleurets.
Scottish & Newcastle to sell 43 sites
15-Mar-2010 By Hamish Champ
Scottish & Newcastle Pub Company (S&NPC) is to sell more than 40 pubs owned by the Blue Star Pub Company, the group which assumed ownership...
Freehold pubs "never been so cheap", says agent
15-Jan-2010 By Hamish Champ
Despite the current economic environment now is as good a time as any for individuals with cash who are looking to buy freehold pubs, according to a...
City broker: don't rule out a Wetherspoons rights issue
15-Jan-2010 By Hamish Champ
Investors should not rule out the possibility of managed pub operator JD Wetherspoon launching a rights issue in the near future, according to a City...
14-Jan-2010 By Ewan Turney
The Orchid Group has taken on a lease at the Crown Point Inn in Sevenoaks, Kent after its sale to Quercus Partners. Quercus purchased the pub from...
BrewDog hits share subscription target
11-Jan-2010 By Hamish Champ
Maverick Scottish brewer BrewDog says it has hit the target for its proposed £2.3m fund raising exercise to go ahead. The Aberdeen-based brewer,...
BrewDog needs £47,000 to complete share issue
06-Jan-2010 By Hamish Champ
BrewDog, the controversial Scottish brewer, revealed today it is nearly £47,000 short of what it needs to complete a multi-million pound share issue...
Piedmont nominates new man to M&B board
05-Jan-2010 By Hamish Champ
Mitchells & Butlers (M&B) has received a proposal to appoint Ronald Robson, a representative of Piedmont, the group owned by Joe Lewis, who...
16-Dec-2009 By John Harrington
Punch says it has increased its support for struggling lessees to £2m per month, up from £1.6m in the year to August. The pubco also revealed it...
Punch shares dip as trading "disappoints" the City
16-Dec-2009 By Hamish Champ
Shares in Punch Taverns dipped nearly three per cent this morning as City analysts took a dim view of the group's trading - and perhaps even survival...
Yesteryear Pub Company boss in buyback bid
14-Dec-2009 By Hamish Champ
Tony Callaghan, founder of Wigan-based pubco Yesteryear, is close to buying back some if not all of the company's assets after it went into...
04-Dec-2009 By Gemma McKenna
A pair of award-winning licensees — Jon and Paula Briscoe — have bought their pub's freehold from Mitchell's & Butlers.
19-Nov-2009 By The PMA Team
London pub retailer and brewer has reported a "good performance" in the first 26 weeks of its financial year to 26 September. Its managed division...
17-Nov-2009 By The Morning Advertiser
Founders of Admiral Taverns the Landesberg and Rosenberg families have stepped down after Lloyds Banking Group wrote off £600m debt in return for equity in the 2100 site pub company.
16-Nov-2009 By Mark Stretton, M&C Report
A clutch of would-be buyers are in preliminary talks over the sale of 3D Entertainment, according to M&C Report.
02-Nov-2009 By Gemma McKenna
The Government's plan to set up three or more new banks may make it easier for pubs to access funding, experts predict. Troubled institutions that...
30-Oct-2009 By The PMA Team
Managed operator Barracuda, led by Mark McQuater, has indicated that new openings are unlikely in the short term, given market conditions. The...
Little Gem restructures
29-Oct-2009 By Mark Stretton, M&C Report
Steve Wilkins, the serial bar and restaurant entrepreneur, has led a restructuring of the Little Gems Country Dining business. M&C understands...
29-Oct-2009 By Martyn Leek, M&C Report
Heineken will takeover the Globe Pub Company in late 2010 - following its £180m acquisition today by a holding company.
Banks holding back pub property recovery
23-Oct-2009 By Claire Dodd Claire
Bank demands for 45 per cent deposits are continuing to prevent a recovery in the pub property market, according to a leading pub property agent....
Barracuda splashes £3m on estate refurbishment programme
19-Oct-2009 By Hamish Champ
Fresh from completing a debt for equity swap over the summer managed pub group Barracuda has announced a major programme of refurbishments across its...
15-Oct-2009 By The PMA Team
A corporate finance specialist is offering to provide finance to multiple lessees who want to buy their freeholds. Downing Corporate Finance has...
Punch Taverns spends £100m on debt buyback
12-Oct-2009 By Hamish Champ
Punch Taverns, which will this week announced its annual results, revealed it had spent around £100m buying back debt relating to its Punch 'B'...
Enterprise Inns could sell and leaseback 100 more pubs
24-Sep-2009 By Hamish Champ
Enterprise Inns could offload a further 100 pubs through sale and leaseback deals if the seven sites it is looking to sell and let back at next...
Enterprise Inns should do a rights issue, says City broker
21-Sep-2009 By Hamish Champ
Enterprise Inns declined to comment today on suggestions in the City that it should raise funds via a rights issue. Stockbroker Seymour Pierce said...
16-Sep-2009 By John Harrington
The Government's plan to let small firms borrow money from pension funds and insurance companies has been met with a cautious welcome.
27-Aug-2009 By The PMA Team
Bar Room Bar is set to leave creditors out of pocket by around £16m, a report by administrator Zolfo Cooper indicates.
Admiral Taverns lender set to write down £500m
26-Aug-2009 By Hamish Champ
Lloyds Bank faces the prospect of writing down hundreds of millions of pounds of its investment in Admiral Taverns. According to accounts filed with...
Punch Taverns to 'hospitalise' a further 450 struggling pubs
25-Aug-2009 By Hamish Champ
Sounding a cautionary note on future trading prospects, Punch Taverns said today it plans to transfer a further 450 of its struggling leased pubs to...
20-Aug-2009 By The PMA Team
Analysts at KBC Peel Hunt report that Punch finance director Phil Dutton has given them a "remarkably sanguine" account of progress against its...
17-Aug-2009 By M&C Report
Altium Securities has recommend Punch Taverns as a high-risk investment and said recent disposals had given it a lifeline.
05-Aug-2009 By The PMA Team
Industry sources say Premium Bars and Restaurants (PBR) has been placed in administration after the Reuben brothers withdrew its bid.
30-Jul-2009 By Tamara Sender, M&C Report
Commerzbank has acquired an equity stake in Town & City Pub Company from Kaupthing, the state-controlled Icelandic bank.
28-Jul-2009 By The PMA Team
Bay Restaurants, the owner of La Tasca and Slug & Lettuce, has undergone a financial restructure that provides a new £150m debt facility until...
27-Jul-2009 By The PMA Team
Meantime, the Greenwich based brewery, is looking to raise £1m through a private placing to fund an expansion of the company that will include...
20-Jul-2009 By Gemma McKenna
A Punch lessee from Buckinghamshire has bought her pub's freehold for 20% under its market value.
25-Jun-2009 By The PMA Team
A leading sector analyst has described Marston's plans to invest in new-build pubs as impressive, but said the regional brewer would be better served...
17-Jun-2009 By Mark Stretton, M&C Report
Mark Stretton, editor of Morning Advertiser's sister title M&C Report, gives his views on the period of upheaval facing the trade.
Heineken takes on Globe Pub Co debt
29-May-2009 By Hamish Champ
Heineken has announced it has bought bonds and bank debt held by the Robert Tchenguiz-owned Globe Pub Company (GPC) worth a face value of nearly...
