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...
28-May-2009 By The PMA Team
Heineken, the owner of Scottish & Newcastle, has bought more Globe Pub Company debt at a discount, reducing its own net debt and realising a net...
05-May-2009 By Ewan Turney
Punch Taverns has denied reports that it is looking to appoint financial advisers to oversee a restructuring process. A report in the Daily Express...
23-Apr-2009 By Ewan Turney
Greene King is hoping to raise £207.5m through a new rights issue to fund acquisitions and pay off some of its securitised debt. The Suffolk brewer...
16-Apr-2009 By Gemma McKenna
Around 450 individual licensees have tabled bids for their Punch pubs through a single broker, Acorn Commercial Finance. The quantity of offers...
How to finance a pub purchase
01-Apr-2009
You want to get into the pub trade, but you've heard banks aren't lending. Perhaps you are already in the trade and want to expand or take on a pub...
Our banking covenants are safe, says Enterprise Inns boss
31-Mar-2009 By Hamish Champ
As the market continues to debate the issue of pubco debt, the boss of Enterprise Inns' claimed its banking covenants remain unaffected by recent...
27-Mar-2009 By Mark Stretton, M&C Report
Latest accounts from 3D Entertainment, the nightclub business spun out of Luminar, reveal losses in its most recent year of £12.1m. The losses stem...
Belgian-themed bar opens in north London
25-Feb-2009 By Gemma McKenna
Christie Finance has facilitated the opening of a new Belgian-themed bar in north London.
14-Jan-2009 By Ewan Turney
Profit from Punch's leased and tenanted pubs plummeted 12% on last year for the 20 weeks to 10 January. Britain's largest pubco said trading...
13-Jan-2009 By Ewan Turney
Super-regional brewer and operator Marston's has agreed an extension to its banking facilities until August 2013. The facility, agreed with a...
Marston's confirms bank financing extension
13-Jan-2009 By Hamish Champ
Midlands brewer Marston's has confirmed the completion of an extension to its bank financing facility, first announced last month. The brewer's bank...
12-Jan-2009 By Ewan Turney
Private equity groups are "running down" the pub industry through "stupidity" and "greed" — that is the astonishing attack launched by JD...
Globe risks covenant breach
02-Jan-2009 By The PMA Team
Robert Tchenguiz's tenanted pubco risks breaching its securitisation covenants, as sales fall 10.8% in the three months to 29 November.
Foundation Inns EIS on hold
18-Dec-2008 By Tamara Sender, M&C Report
Foundation Inns, the pub company funded through tax efficient EIS subscriptions, has put its Noble Pub Fund on hold as a result of the credit crunch....
23-Oct-2008 By Ewan Turney
The Fair Pint lobby group has slammed the Community Pubs Inquiry report for failing to blame the pubcos for the plight of community pubs. Fair Pint,...
Buying a pub is still a possibility
22-Oct-2008
Credit crunch, liquidity issues and bankruptcy protection are all terms that have become second nature to the global population, with everyone now...
Punch Taverns gets bond sale boost
07-Oct-2008 By Hamish Champ
Punch Taverns has given itself some breathing space by securing the agreement of all but two of its bondholders to buy back a chunk of its 'A'...
Punch Taverns offers to buy back chunk of securitised bond
01-Oct-2008 By Hamish Champ
Punch Taverns is today offering to buy back a chunk of its 'A' securitisation bond vehicle as a way of freeing up cash for the business.The...
01-Oct-2008 By Mark Stretton, M&C Report
Shares in Punch Taverns have this morning jumped 30% after it announced plans to repay a tranch of debt to some of its bondholders.
26-Sep-2008 By Ewan Turney
Punch shares took a further battering yesterday as they slumped to another record low finishing at 172p a share — their lowest since flotation in May 2002 and a significant decline from the peak of £13.23.
Former Pubmaster boss launches finance agency
04-Sep-2008 By The PMA Team
John Sands, who last month quit as non-executive chairman of the London Town pub company, has set up the London-based Delphi Partnership.
03-Sep-2008 By The PMA Team
Rent concessions have also increased to £6m, the pubco announces
31-Jul-2008 By The PMA Team
A question mark hangs over the ownership of Dawnay Day's 29.4% stake in Premium Bars & Restaurants, in the wake of the investment fund being...
Focus on funding
30-Jul-2008
The current downturn in the UK economy is impacting the growth plans of companies large and small, which makes choosing the right funding package to...
City analyst calls for cut in Punch Taverns' dividend
17-Jul-2008 By Hamish Champ
Punch Taverns should cut its dividend payment to help pay off some of its debt, a City analyst said today.Punch's shares have fallen sharply in value...
Agilo sells just one of six freeholds up for auction
10-Jul-2008
Agilo, the London-based fund that invests in distressed companies, was looking to sell six of the freeholds it acquired out of Candu Entertainment...
The agent
26-Jun-2008
Graham Allman, managing director, GA-Select Freeholds are a valuable commodity and great consideration should be given as to how best to use the...
Deals are down, but by no means out
16-Jun-2008 By Hamish Champ
Given the ongoing kerfuffle regarding the credit crunch, you could be excused for assuming that corporate activity in the pub sector had all but...
29-May-2008 By Ewan Turney
London operator hails sale of brewery after 55% jump in adjusted profits
Top tips for raising finance
19-May-2008 By James Wilmore
Licensees with a keen eye for a deal could be tempted by some of the property on the market at the moment. After all, one man's run-down leasehold is...
Food & Group Group shares dive on profits warning
18-Apr-2008 By Hamish Champ
Shares in the Food and Drink Group (F&DG) slumped nearly 50 per cent today after the bar and restaurant operator admitted profits for 2008 would...
28-Mar-2008 By The PMA Team
One observer believes there is a feeling that M&B management has been going through the motions
M&B rejects analyst's cash crisis claims
19-Mar-2008 By Hamish Champ
Mitchells & Butlers (M&B) has rejected comments from a City analyst that it will have to cut investment in the business.In an investment note...
Sizing up the way to sell or expand
06-Mar-2008
Peter Hansen, partner with MA100 sponsor Sapient Corporate Finance, explains finance-raising and selling Smaller companies have the same financial...
Barracuda hooks a 17 per cent rise in profits
03-Mar-2008 By Hamish Champ
City backers of Barracuda Group, which operates 216 managed pubs including Smith & Jones and Varsity outlets, are unlikely to sell up this year...
27-Feb-2008 By John Harrington
Marston's has launched a new online payroll system that is available to all licensees.
22-Feb-2008 By The PMA Team
A new Enterprise Investment Scheme (EIS) is seeking to raise £20m to buy pubs
The Agents
07-Feb-2008
Trevor Watson Director, Valuation services, Davis Coffer Lyons Private equity has over recent years come to dominate the pub and restaurant...
Tim Clarke says M&B could hit the acquisition trail
29-Jan-2008 By Hamish Champ
In spite of announcing losses of £274m today, Mitchells & Butlers (M&B) believes it can exploit the recent poor run of trading from its...
Food & Drink Group looks for a partner
28-Jan-2008 By Hamish Champ
The Food & Drink Group (FDG) is shelving all "non-essential" capital expenditure for the time being and is looking for what it calls "a...
Marston's ramps up tenant training
10-Jan-2008
Marston's Pub Company (MPC) is ramping up training provision to help tenants and lessees prepare for the expected slowdown in consumer spending this...
09-Jan-2008
Marston's Pub Company is ramping up training provision to help tenants prepare for a tough year
02-Jan-2008 By The PMA Team
The tenanted operator looks to off-load 17 bottom-end pubs after beer volumes fall 7%
23-Nov-2007
Fullers has announced a record breaking set of results with adjusted profits up 11% to £12.7m on last year. Revenue for the half year to 29...
Marston's completes £300m-plus refinancing deal
19-Nov-2007 By Hamish Champ
Marstons has bolstered its spending power by more than £300m following a new refinancing deal, with a view to buy back more shares or acquire pub...
THE AGENTS
25-Oct-2007
Trevor M Watson Director Davis Coffer Lyons It is now widely accepted that trading conditions in the leisure sector are likely to be more difficult...
Enterprise Inns delays refinancing until next year
28-Sep-2007 By Hamish Champ
Continuing uncertainty in the debt markets has forced Enterprise Inns to delay putting in place a new long term debt package until next year.In a...
Capital buys two London Puzzles
28-Sep-2007
Capital Pub Company has bought Puzzle Pub Company's two freeholds pubs in central London through Coffer Corporate Leisure (CCL). Both pubs are...
Hedging losses rise to £140m at M&B
20-Sep-2007 By Mark Wingett mark.wingett@william-reed.co.uk
The hedging loss from Mitchells & Butlers's (M&B) postponed property joint venture (JV) with Robert Tchenguiz's R20 has increased to £200m...
