REITs: A taxing problem for pubcos
21-Jan-2007 By Hamish Champ
Shares in a number of pub operators, notably those expected to make the move to REIT status in the near future, rose sharply at the end of last year....
Value for money?
12-Jan-2007 By Hamish Champ
2007 is likely to be one busy year for the pub industry. Following hot on the heels of the roll-out of the Licensing Act, the introduction of...
Punch Taverns mired in bid speculation
10-Jan-2007 By Hamish Champ
Speculation that Punch Taverns was being stalked by - or is in talks with - a private equity house was dismissed today by individuals close to the...
Darlings of the stock market?
08-Dec-2006
As we approach the end of another year (where did 2006 go to!!!) and with the reporting season virtually complete, it is worth considering how well...
A right Royal Variety Performance
01-Dec-2006 By Hamish Champ
Until relatively recently, pub companies were seen as safe, reliable and ever-so-slightly dull investments. Aside from steady, cash-generative...
What the Sunday papers said
20-Nov-2006
City banks planning a rival to the London Stock Exchange have earmarked up to £10m to build a trading system and have even identified potential...
City Comment
05-Nov-2006 By Hamish Champ
Research studies into business practices are part and parcel of the world we live in. But does anyone actually pay much attention to the findings? I...
City Comment: Hamish Champ
11-Sep-2006 By Hamish Champ
Has the bubble burst, or begun to deflate somewhat, on private equity involvement in the pub market? If not, has the sector at last become wise to...
Will Tchenguiz come calling again at M&B?
07-Sep-2006
Mitchells & Butlers (M&B) shareholders have had an excellent six months. Thanks must go in no small part to Iranian property tycoon Robert...
City Comment: Hamish Champ
25-Aug-2006 By Hamish Champ
If one wanted further proof that there is a clear blue sea between Punch Taverns and Enterprise Inns over future strategy one only need note comments...
A brand with bite
27-Jul-2006 By Hamish Champ
Pulling back from a planned stock market flotation can be cause for a few raised eyebrows, but Karan Bilimoria, who as a 27-year-old accountant...
29-Jun-2006 By Mark Stretton
Violet Capital, the vehicle used by Robert Tchenguiz to build a stake in Mitchells & Butlers (M&B), has declared that it no longer has a notifiable stake in the pub and restaurant group.
15-Jun-2006 By Iain O'Neil
Greene King has unveiled an agreed offer to buy Hardys and Hansons for £271m. The Suffolk-based brewer will pay shareholders £10.59 a share -...
Greene King moves into W&DB territory with Hardys purchase
15-Jun-2006 By Hamish Champ
Greene King has agreed to buy Nottingham-based brewer Hardys & Hansons (H&H) for £270m.The deal brings the number of pubs Greene King owns...
09-Jun-2006 By Iain O'Neil
Brulines, the company behind the 'spy in the cellar' beer-flow monitoring equipment, has reportedly put off its plans to float on the stock market....
M&B: Buyout proposal undervalues company
04-May-2006 By Iain O'Neil
M&B says Tchenguiz' 550pence a share proposal 'undervalues' the business.
Regent disposal nets Tchenguiz over £1.5m
26-Jan-2006
Iranian tycoon Robert Tchenguiz is believed to have pocketed more than £1.5m after selling a further substantial chunk of his stake in Regent Inns.
CITY BRIEFS
15-Dec-2005
JDW founder nets £1.2m from share sale JD Wetherspoon chairman Tim Martin has made his first share sale for a number of years. Martin has sold...
Novus: new name for Urbium
03-Nov-2005
by Mark Stretton Urbium, the late-night bar operator, is to change its name to Novus. The move follows its £113m management-backed buyout by Electra...
Sheps AGM hears about mystery bid
03-Nov-2005
A mystery bidder offered Shepherd Neame around £100m for its freehold pubs in a share-and-leaseback deal earlier this year - but the offer was...
Mark Brumby: What's ahead?
21-Sep-2005
Mark Brumby, analyst at Oriel Securities, takes a proper look to see what may be ahead as part of The Publican Newspaper's 30th Birthday...
Spirits rise at Punch and Mitchells & Butlers
12-Sep-2005
Bid speculation surrounding a possible move by Punch Taverns and Mitchells & Butlers for Spirit Group boosted the pair's share prices today.Punch...
Urbium shares leap in wake of Electra's offer
18-Aug-2005
by The PMA Team Tiger Tiger operator Urbium has received an indicative offer of more than £10 per share from private-equity firm Electra Partners....
Honeycombe losses hit £800k in 'difficult' year
04-Aug-2005
by The PMA Team Losses at management services company Honeycombe Leisure have widened from £100,000 to £800,000 in what chairman Sandy Anderson has...
Regent quits field after rejection of 975p Urbium bid
21-Jul-2005
by The PMA Team Regent Inns has ended all discussions with West End bar operator Urbium after the rejection of its latest offer, which was worth 975p...
Regent sets out bid terms for Urbium
12-Jul-2005
Regent Inns has made its third approach for Urbium, which values the Tiger Tiger operator's shares at 975p each.Regent said it had written to the...
Urbium rejects Regent Inns bid offer
08-Jun-2005
Intense media speculation about a potential bid for late night operator Urbium has forced the group to admit it had received - but rejected - an...
Dawney Day takes stake in Ultimate
02-Jun-2005
Dawney Day Corporate Finance has built a 13% stake in nightclub company Ultimate Leisure. Last year, Dawney Day built up a sizeable stake in Yates...
Ultimate upsets major investors
19-May-2005
by The PMA Team The four biggest institutional investors in nightclub company Ultimate have approached its broker demanding a sale, The Sunday Times...
City watchdog probes Ultimate Leisure share dealings
08-May-2005
The Financial Services Authority is to ask late night operator Ultimate Leisure to explain recent share dealings by director Tim Wynn, and the two...
JDW's rise in sales fails to impress City
27-Jan-2005
by The PMA Team Managed operator JD Wether-spoon has reported a slight improvement in trading during its 12-week second quarter with like-for-like...
High Street fortunes pick up after Christmas sales surge
06-Jan-2005
New Year delivered a much-needed dose of optimism to the high street retailers as strong Christmas trading marked a turnabout in the sector.As...
Spirit set for floatation in the New Year
30-Nov-2004
It's "business as usual" at Spirit as the company prepares for its forthcoming floatation.Speaking shortly after Spirit Group announced it had...
A very public affair
04-Oct-2004
The City's short-termism has forced a number of publicly-listed pubcos to turn private, as John Porter reports.The City, they say, can be a harsh...
Eldridge Pope agrees offer from Michael Cannon
16-Sep-2004
Eldridge Pope has agreed a 171p-a-share offer for the business from entrepreneur Michael Cannon (pictured). The board of the Dorset-based pub...
JDW takes a dip in the deep end
09-Sep-2004
by Mark Stretton, editor The appraisals for JD Wetherspoon came thick and fast: the company was ex-growth; in a strategic cul-de-sac; a one-trick...
Britvic set for early float
23-Aug-2004
Soft drinks group Britvic could be floated on the Stock Market early next year.Majority owner InterContintental Hotels believes the time is right,...
Thorium scents victory in Yates battle
26-Jul-2004
The Yates Group management team is poised to push through its buyout of the business after raising its offer by 7p a share.Details of the 147p a...
Thorium extends deadline for Yates buyout
23-Jul-2004
Thorium, the bid company behind the planned management buy-out of Yates, has extended the deadline for shareholders to accept its offer for a further...
Thorium stands by Yates offer deadline
21-Jul-2004
Buyout group Thorium has reconfirmed its offer deadline for Yates Group after family members suggested the business has been undervalued.Thorium, led...
Spirit launches share-save scheme ahead of IPO
28-May-2004
Spirit Group has launched a share-save scheme for every member of staff from glass collector to chief executive ahead of a flotation.The group, which...
Britvic gets set to float
29-Apr-2004
Britvic is on its way to the stock market. The three former brewers controlling Britain's second largest soft drink group have agreed a timetable...
Latham's cool £1/2m at trouble-torn SFI
15-Apr-2004
CE earned £597,000 as shareholders suffered by The PMA Team Former SFI Group chief executive Andrew Latham earned more than £597,000 including a...
Debt for equity deal set to bail out troubled SFI
08-Apr-2004
by The PMA Team The syndicate of six banks supporting troubled high-street bar operator SFI Group is preparing to swap debt for an equity stake in...
Ultimate and Urbium prosper
01-Apr-2004
Nightclubs and high-street bars have had a torrid time. Customers are no longer scrambling for admission and those still around have cut back on...
SFI: 'sale of Slug will not solve the problem'
22-Mar-2004
SFI executive chairman Stuart Lawson has told The Publican the troubled group will not sell Slug & Lettuce.Avanti Capital, the private equity...
What the Sunday papers say
08-Mar-2004
The ObserverCity Councils across Britain are now drawing up radical plans to outlaw smoking in public places, with some considering draconian blanket...
High street must consolidate in times of reform' says Jones
04-Mar-2004
by The PMA Team Yates Group chief executive Mark Jones has called for consolidation in the high-street pub market. Jones, who has been running the...
Bacardi opens its doors
04-Mar-2004
The stock market is once again getting itself into a rare old ferment over Allied Domecq, the world's second-largest wine and spirit group. And, not...
Pope in Cannon's sights?
19-Feb-2004
The stock market expects take-over action to resume at Eldridge Pope, once a famous brewer, now a struggling bar-and-pub chain. Its shares are among...
