Wetherspoon buys five bars from Punch to continue expansion
Scotsman.com (Free subscription) | 17/11/2009
PUBS chain JD Wetherspoon has acquired five pubs in England from Punch Taverns.
Explore : Economy
Punch Taverns
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Former owners Punch Taverns and Whitbread face Threshers liability
The Telegraph (Free subscription) | 16/11/2009
Punch Taverns the pub group and Whitbread the Costa Coffee to Premier Inn owner could be forced to take over Threshers stores in the wake of the wine retailer's collapse.
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Past Times
Tandleman's Beer Blog (Free subscription) | 16/11/2009
The Morning Advertiser has the news that Wetherspoons is buying five pubs from Punch Taverns . I read the list without expecting to know any of them, but I was wrong. One is the Childwall Fiveways Hotel in Liverpool. I know it,or rather, knew it rather well. Set back from a massive road junction - no prizes for guessing how many roads converge there - The Fiveways was one of the nearest pubs to where...
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Einhorn Dumps Stake In London Pub Company
The Business Insider (Free subscription) | 02/11/2009
A few weeks ago, the London Stock Exchange (LSE) news service announced that David Einhorn's hedge fund Greenlight Capital has reduced its position in Punch Taverns (LON: PUB) from a 3.7% ownership stake down to 2.57%. Unfortunately, this maneuver means that we will no longer be able to see his adjustments with this position as the LSE only requires hedge funds to report their positions in companies...
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David Einhorn Sells More Punch Taverns (LON: PUB)
market folly (Free subscription) | 02/11/2009
A few weeks ago, the London Stock Exchange (LSE) news service announced that David Einhorn's hedge fund Greenlight Capital has reduced its position in Punch Taverns (LON: PUB) from a 3.7% ownership stake down to 2.57%. Unfortunately, this maneuver means that we will no longer be able to see his adjustments with this position as the LSE only requires hedge funds to report their positions in companies...
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Market Report: Relief rally drives Enterprise higher
The Independent (Free subscription) | 23/10/2009
The pub groups Enterprise Inns and Punch Taverns bucked a weak market trend last night, rallying as investors bought in on news that regulators had decided against pursuing an investigation into "beer tie" arrangements, which force pub tenants to buy beer from landlords.
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Punch Taverns Roadshow
Pub Chalkboards @ www.barsales.co.uk (Free subscription) | 22/10/2009
Just fininshed a day as an exhibitor at the Punch Taverns Roadshow held at the Reebok Stadium in Bolton. I wasn't sure what to expect initially but it became a constructive day. I think most guests found the visit a positive experience and worthwhile. Certainly many seemed really pleased to have had a chance to see my Chalkboard work. Hopefully it will inspire some creative ideas for their venues....
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Enterprise Inns, Punch Taverns gain after OFT decision
Finance Markets (Free subscription) | 22/10/2009
European equities markets saw declines Thursday as miners and the energy sector declined on dropping commodities prices. The FTSE 100 was 0.96 percent lower to 5,207.36 in London, while the FTSE 250 fell 1.08 percent to 9,318.91. By far the biggest gainers in London came on the 250, where pubs operator Enterprise Inns (LSE: ETI) added 23.43 [...]
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Punch awards chief options
Financial Times (Free subscription) | 19/10/2009
Giles Thorley, chief executive of Punch Taverns, has been awarded more than 1m share options even after the pub owner revealed that its annual loss had quintupled to £406m
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Punch slumps as brokers forecasts cash call and FTSE slips
The Telegraph (Free subscription) | 15/10/2009
Punch Taverns was a talking point as Morgan Stanley formerly the pub company's corporate broker raised the prospect that the company may have to carry out another cash call.
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Estate writedowns push Punch to £406m loss
Financial Times (Free subscription) | 15/10/2009
Punch Taverns, Britain's biggest pub owner, reported a £406m annual loss after writing down the value of its recession-hit estate by 11 per cent. It also said that...
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Punch suffers blow after losses widen on £663m assets write-down
Scotsman.com (Free subscription) | 15/10/2009
PUNCH Taverns, Scotland's biggest pub landlord, wrote off £663 million on the value of its assets yesterday as it revealed a slump in annual pre-tax profits.
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Painful punch
Daily Star (Free subscription) | 15/10/2009
PUNCH TAVERNS saw losses almost treble last year.
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Pub giant sell-off as losses rocket
Daily Star (Free subscription) | 15/10/2009
PUNCH TAVERNS saw losses almost treble last year.
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Punch pursues more pub sales to repay debt
The Telegraph (Free subscription) | 14/10/2009
Punch Taverns plans to raise at least another £200m selling pubs next year as it seeks to reduce debt.