Punch: Glenview Capital has upped its stake

US hedge fund adds to Punch stake

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...

Downing:  acquired freehold of the Antelope

Downing funds freehold deals

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...

Punch Taverns: remains cautious

Punch: tenanted pub profit under pressure

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....

Watson (L): leading Capital Pub Company

Capital reports profits up 19%

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.

Enterprise Inns: shares sold in part to pay off taxes from incentive awards

Enterprise bosses net £580k from share sale

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%,...

The Derby Arms in Widnes is available for £250,000

S&NPC puts 43 pubs on the market

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.

Crown Point Inn: now part of Orchid estate

Orchid takes on lease at Sevenoaks pub

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...

Punch: difficult trading environment

Punch ups lessee support

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...

The Briscoes: delighted

Hosts buy their M&B pub

By Gemma McKenna

A pair of award-winning licensees — Jon and Paula Briscoe — have bought their pub's freehold from Mitchell's & Butlers.

3DE runs the Chicago Rock Cafe brand

Buyers line up for 3D Entertainment

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.

Buck up Banks: MA campaign to get banks lending to pubs

Bank plan boost for pubs

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...

Barracuda business: banking partners now own a major stake

Barracuda: 'new pub openings unlikely'

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...

Tchenguiz: deal with Heineken

Heineken to take over Globe

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.

Thompson: cautious welcome to plans

Cautious welcome for pub lending plan

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.

Bar room bar: business was bought from Orchid in 2007

Bar Room Bar's £16m debt

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.

Punch: could reduce its debt by £1.1bn

Analysts' approval for Punch progress

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...

Punch: described as high risk in Altium note

Altium: Punch a high risk buy

By M&C Report

Altium Securities has recommend Punch Taverns as a high-risk investment and said recent disposals had given it a lifeline.

Town & City: financial restructuring

Town & City Pub Company restructures

By Tamara Sender, M&C Report

Commerzbank has acquired an equity stake in Town & City Pub Company from Kaupthing, the state-controlled Icelandic bank.

Bay Restaurant Group: financial restructure

Bay Restaurants in debt-for-equity swap

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...

Marston's: focusing on new build pubs

Mixed views on Marston's rights

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...