Punch Taverns and REITs: It's not now, but it's not never either
04-May-2007 By Hamish Champ
It's definitely a 'no'. Well, for now. After much holding of breath, etc, industry watchers were put out of their misery last week when Punch Taverns...
Punch Taverns issues smoke ban ultimatum
01-May-2007 By Hamish Champ
Punch Taverns retailers in England who do not prepare for the smoking ban and then see trade suffer after July 1 will find little sympathy from the...
What the Sunday papers said
09-Apr-2007
Brewer SABMiller is plotting to acquire rival Scottish & Newcastle and sell on half the assets to other drinks companies in order to satisfy...
Collyer: M&B joint venture an option
05-Apr-2007 By The PMA Team
Mitchells & Butlers (M&B) could follow the example of Tesco by creating a joint venture property company that crystallises property value but...
Desmond Bloom enters the pub market
30-Mar-2007 By Hamish Champ
Desmond Bloom, former chairman and managing director of property group Premier Land, has formed a new venture, Equable Properties, and acquired ten...
30-Mar-2007 By The PMA Team
Analyst says Mitchells & Butlers could follow Tesco by creating a joint venture property company but avoiding conversion to a real estate investment trust (Reit)
Tchenguiz pushing M&B on Reit status
22-Mar-2007 By The PMA Team
Iranian property magnate Robert Tchenguiz has upped his campaign to persuade Mitchells & Butlers (M&B) to convert to real estate investment...
20-Mar-2007 By The PMA Team
Iranian property magnate Robert Tchenguiz has upped his campaign to persuade Mitchells & Butlers to convert to real estate investment trust (Reit) status.
Mitchells & Butlers unruffled by Tchenguiz reports
19-Mar-2007 By Hamish Champ
Mitchells & Butlers is "on track" to update shareholders on its future plans, including whether or not to convert into a real estate investment...
What the Sunday papers said
25-Feb-2007
Pubs and restaurants will face fines of up to £2,500 if customers drop cigarette butts on nearby pavements when the smoking ban comes into force in...
Will they or won't they?
12-Feb-2007
Until recently, the discussions, analysis and political debate surrounding real estate investment trusts (REITs) and their impact on the property...
Shouldn't REIT legislation have been watertight to begin with?
12-Feb-2007 By Hamish Champ
Real estate investment trusts - or as you know them well enough by now, REITs - have featured rather heavily in these pages recently. Sorry if you're...
M&B conversions ahead of schedule
08-Feb-2007 By The PMA Team
Managed operator Mitchells & Butlers (M&B) is in line to complete the conversion of the former Whitbread pubs it bought last summer to its...
Treasury denies changes imminent on REITs
05-Feb-2007 By Hamish Champ
The Treasury has rebuffed reports that significant changes will be made to legislation covering real estate investment trusts (REITs) in the Budget...
REIT rules "unlikely to change
02-Feb-2007 By Hamish Champ
The government is unlikely to change legislation covering real estate investment trusts (REITs) in the short term in order to help pub companies...
29-Jan-2007 By The PMA Team
Iranian property magnate Robert Tchenguiz has lifted his stake in Mitchells & Butlers, the company for which he launched an unsuccessful...
Government may tighten rules if pubcos abuse REIT status
26-Jan-2007 By Hamish Champ
HM Customs & Revenue has warned pub operators against becoming a real estate investment trust (REIT) in order to avoid paying tax.With several...
Get set for a busy year
22-Jan-2007
Looking at how 2007 might pan out, I see three significant factors affecting the pub sector: more merger and acquisition activity, the possible...
REITs: A taxing problem for pubcos
21-Jan-2007 By Hamish Champ
Shares in a number of pub operators, notably those expected to make the move to REIT status in the near future, rose sharply at the end of last year....
What the Sunday papers said
21-Jan-2007
Swedish drinks giant Vin & Spirit, which manufactures Absolut vodka, the world's third largest spirit brand, is currently the subject of huge...
What the Sunday papers said
14-Jan-2007
Punch Taverns, the UK's largest pubco, wants to convert into a property company in a move that could create a £750m windfall for shareholders. The...
Wolves still wants to hunt down pub deals
04-Dec-2006 By Hamish Champ
Wolverhampton & Dudley Breweries (W&DB) is still in the market to do acquisitions, despite announcing last week it was intent on returning at...
Smoking ban will slow growth at Mitchells & Butlers
29-Nov-2006 By Hamish Champ
Mitchells & Butlers (M&B) expects sales growth in an English non-smoking environment to be "significantly lower" than its track record of the...
