Punch

Cussens: unhappy at rent review

Joe Cussens, Marlborough Tavern

By Ewan Turney

Punch licensees in Bath — what they told Punch executives and the Morning Advertiser. Joe Cussens, Marlborough Tavern Background: Signed a lease in...

Morgan: bigger discounts would be good

Alan Morgan, Abbey Ales, the Star

By Ewan Turney

Punch licensees in Bath — what they told Punch executives and the Morning Advertiser. Alan Morgan, Abbey Ales, the Star Background: Multiple lessee...

Punch Taverns: best offers came from JW Lees and Shepherd Neame

Hosts 'kept in dark' as Punch sells pubs

By Gemma McKenna

Two licensees have accused Punch of selling their pubs "behind their backs" to regional brewers while they were busy still bidding for the freeholds....

Georgel: we are far from perfect

Punch: 'We'll listen and change'

By Ewan Turney

We are far from perfect, but we are listening and we are willing to change — that is the message from Punch Taverns as it looks to evolve its model...

Whiteside: relationships with tenants had lacked transparency and trust

Openness is Punch's policy

By The PMA Team

Punch Taverns has outlined a strikingly frank view of the harsh forces buffeting its tenanted division. The PMA Team gives his view.

Punch: 23 pubs sold to lessees so far

Punch sells 23 pubs to tenants

By Gemma McKenna

Punch Taverns says 1,000 of its tenants have expressed an interest in buying the freehold of their pub, but so far 23 deals have gone through. That's...

Punch: no advisers being appointed

Punch denies appointment of advisers

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...

Pring: surely some deal could be worked out with eager tenants

Give licensees a fair chance

By Andrew Pring

Punch shouldn't waste the time of those licensees who really are interested in buying, says Andrew Pring.

Meal deal: Punch offer

Punch tenants' £1.99 meal plan

By John Harrington

Punch tenants can sell meals for set amounts starting at just £1.99, under a new scheme. The Table Top scheme, initially available for around 1,000...

Pring: companies everywhere are desperately trying to slough off under-performing pubs

Banks hold the key to sell-off

By Andrew Pring

Punch may want to reinvent its business model, but it needs to be realistic about pub sale prices — and banks need to start lending to licensees.

Protesters outside Enterprise HQ

Pubco protest: as it happened

By Gemma McKenna

The Morning Advertiser's blow-by-blow account of how events at the pubco protest outside the HQs of Enterprise and Punch unfolded, plus a photo...

Protest will be led by Inez Ward (second from left) and other Fair Pint members

Licensees to call for pubco action

By Ewan Turney

Frustrated licensees are to present an open letter calling for a fairer deal on rents and beer prices to the bosses of Britain's two biggest pubcos at a protest march on Monday.

Sir Robert Peel: Surrey pub is run by Mark Pester

Punch licensee's rent victory

By John Harrington

Punch Taverns is thought to have agreed to reduce a licensee's rent and offered discounts of £12,505 a year after proposing a 51% rent increase.

Pubcos: claim they have acted after TISC

Pubcos: case for the defence

By John Harrington

Pubcos defended their treatment of tenants and rejected calls for the beer tie to be scrapped during a heated hearing in December.

Punch: suffered share price decline

Analyst: Punch shares could hit 10p

By Ewan Turney

Punch's day of woe finished with share prices reaching an all time low of 39.75p — a drop of over 30% — one analyst warned they may hit 10p.

Thorley: trading extremely challenging

Punch: profits down 12% at leased pubs

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...

Dear Prudence?

Dear Prudence?

By Hamish Champ

When Greene King published its trading update on Tuesday of last week its shares immediately shot up, to the bewilderment of even some of the City's...

Packing A Punch

Packing A Punch

By Hamish Champ

Many believe Punch Taverns' size and dominance of the leased pub sector effectively renders the group the industry's 'belweather'. Such people would...

Punch scraps M&B merger proposal

Punch scraps M&B merger proposal

By The PMA Team

Punch Taverns has withdrawn its merger proposal for Mitchells & Butlers (M&B) but is still pursuing other possible deals involving the...

Pring: Coping with a Colossus

Pring: Coping with a Colossus

By Andrew Pring

MA editor Andrew Pring considers the proposed merger between Punch and Mitchells & Butlers

Analysts: M&B likely to lose independence

Analysts: M&B likely to lose independence

By The PMA Team

City analysts believe managed operator Mitchells & Butlers looks likely to lose its independence after Punch Taverns tabled merger proposals