Punch Taverns

Punch & Enterprise: both will be hit by London Town reversions

Pubcos to see London Town sites return

By Mark Stretton & The PMA Team

Speculation is rife that Punch Taverns and Enterprise Inns will be major victims of the pre-pack adminstration planned by London Town.

Merrill Lynch believes it is time for investors to come back to the pub market

Pub stocks 'back on investor radar'

By Mark Stretton, M&C Report

Shares in UK pub companies are back on the agenda of institutional investors, according to analysts at Merrill Lynch. Following an investor...

Charity: big two have seen licensees group into haves and have-nots

Pub profit forecasts set fair

By The PMA Team

Punch and Enterprise have abandoned the estimation of tenants' average annual incomes — but the expected profit figure is much more helpful, says The PMA Team.

Paveley: Admiral's new executive chairman

Paveley appointed to Admiral chair

By Mark Stretton, M&C Report

Jonathan Paveley, the former Punch Taverns director, has been appointed executive chairman of Admiral Taverns. He replaces Gary Landesberg following...

The Rising Sun: at centre of dispute

GMB calls for BII to end Punch membership

By The PMA Team

The GMB union has called on the British Institute of Innkeepers to strip Punch Taverns of membership over its treatment of Peak District tenant. It...

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.

Deal includes bar and club the Funky Budha

InnBrighton bags four Punch pubs

By The PMA Team

InnBrighton, operator of 42 licensed premises in the city of Brighton and Hove, has acquired four freehold pubs from Punch Taverns. The operator...

Joule's: two more Punch pubs acquired

Joule's buys two more Punch pubs

By Gemma McKenna

Joule's Brewery has bought two more pubs from Punch Taverns, bringing its estate to 16 sites.  Joule's has now acquired five pubs from Punch. The...

Punch: could sell up to 35% of estate, says analyst

Punch could sell 3,000 pubs by 2012

By The PMA Team

Punch Taverns could sell as many as 3,000 pubs by the end of 2012, a top City analyst has forecast. Douglas Jack, of Numis Securities, says that he...

Punch Taverns

Punch to reduce debt by £1.3bn

By The PMA Team

Punch Taverns is enjoying improved managed division margins and should be able to reduce its overall debt by at least £1.3bn in the coming two...

Grogan: family brewers are cautious about coming to the table

Do it right to escape a mandatory code

By John Grogan

Who could have predicted six months ago that Punch Taverns and pubco representatives would sit down in the same room as Fair Pint, says John Grogan.

Punch: keen to engage on reform

Punch to attend Fair Pint talks

By Ewan Turney

Punch Taverns has agreed to hold talks with anti-beer tie brigade Fair Pint at Westminster next week. The tenanted pubco is the first to accept the...

Jumping to it?

Jumping to it?

By Hamish Champ

To the untrained eye it could look as if brewers and pub operators have been falling over themselves to do right by their licensees in the wake of...

Pubcos looking for reform on AWPs

Pubcos bite bullet on AWP tie

By The PMA Team

A host of tenanted pubcos are to make changes to the AWP machine tie in the wake of the critical Business & Enterprise Committee report on...

Realpubs runs the Pembroke in Old Brompton Road

Realpubs buys five Punch freeholds

By The PMA Team

Realpubs have acquired five freehold London pubs from Punch Taverns in a deal estimated to be worth under £10m. The company has bought the freehold of two Punch pubs it currently leases plus three more sites.

Punch: challenging trading environment

Punch: leased and managed divisions stable

By The PMA Team

Punch Taverns has reported that it has stabilised performance in both its leased and managed division for the 40 weeks to 30 May. Like-for-like...