Punch

Punch Taverns: wants code to be as transparent as possible

Punch consults tenants on code of practice

By Ewan Turney

All Punch tenants will be able to have their say on the pubco's new code of practice before it is finalised. The 63-page code of practice has been...

Punch: looking to help licensees build margin

Punch to trial free-of-tie prices

By The PMA Team

Punch Taverns is to trial new leases in September that offer licensees free-of-tie prices and a free-of-tie option on cask ale produced by smaller...

Punch: scheme has been a success

Punch success for tenants' rewards scheme

By Gemma McKenna

More than 1,000 Punch pubs achieved their sales targets to get £100 cash back per barrel of beer, as part of the pubco's winter incentive scheme....

Punch: faces claims over validity of information provided to Sambell

Ex-CEM boss in Punch court battle

By Ewan Turney

Punch Taverns is to face court claims over the validity and accuracy of information it provided about a pub's trade to former County Estate Management (CEM) head of pubs Philip Sambell.

Punch: prices up 1% for 2010

Punch holds price rises to 1% for tenants

By The PMA Team

Punch Taverns has opted to help tenants' competitive position by holding price rises to 1% this year. The move will mean that Punch has chosen to...

Punch: scheme is working well

Punch's incentive scheme success

By Gemma McKenna

Almost 1,000 Punch pubs are on schedule to get £100 cash back per barrel of beer, following the introduction of an incentive scheme. The company's...

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...

Mountford: now working on building the business

Punch resolves lessee dispute

By Gemma McKenna

A Punch lessee who claimed he was badly treated and misled by the pubco has agreed to stay on after Punch promised a £40,000 investment at his pub.

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.

Whiteside: plan for reform

Punch: time to pull together in partnership

By Roger Whiteside

Roger Whiteside took over as boss of Punch's leased division a year ago. He talks about what he has discovered — and the way forward. I joined...

Wi-fi: Punch deal for tenants

Wi-fi deal for Punch tenants

By Ewan Turney

All 7,300 Punch pubs are being offered the chance to install wi-fi for their customers for just £50. Following a trial period, Punch has struck a...

Punch: progress made since fine

Punch: huge strides after fire fine

By John Harrington

Punch says it has taken "huge strides" in its approach to health and safety after pleading guilty to serious breaches of fire safety legislation at a...

Punch Taverns: new deal on machines

Punch stops rentalising machine income

By The PMA Team

Punch Taverns has begun to stop rentalising machine income in a move that will boost pub income for licensees by around £1,250 per annum. The...

Punch is looking for more staff

Punch seeks 100 recruits

By John Harrington

Punch is looking to recruit up to 100 people in its managed pubs division including chefs and kitchen managers.

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...

Charity: the way tenants are treated will be the proof of the pudding

Punch's vision of the future

By The PMA Team

New Punch boss Roger Whiteside has given the sector's first indication of how a post-Bec tenanted pub company will look. The PMA Team gives it the once-over.

Scott: emailed Roger Whiteside after reading MA article

Punch 'trespass' host wins reprieve

By Gemma McKenna

A Punch host about to be kicked out of his pub for "trespassing" as his name was incorrect on the lease has won a reprieve. Roger Whiteside, MD of...

Punch: BEC promises

Punch makes BEC promises

By The PMA Team

Punch has confirmed that it will be backing a range of recommendations contained within the highly critical BEC report.

Punch is hoping to raise cash

Punch Taverns hoping to raise £350m

By Ewan Turney

Punch Taverns has announced its intention to raise £350m via a firm placing and an open offer of new ordinary shares and use the cash to make a...

Thorley: 300 pub sales to licensees

Thorley: 300 hosts lined up to buy pubs

By The PMA Team

The number of individual Punch licensees who end up buying their pub is likely to end up well in excess of 300. This morning, Punch said there were around 300 deals either complete or going through legals.