Companies

Punch: paying back debt

Punch shares up as it starts to repay debt

By Mark Stretton, M&C Report

Shares in Punch Taverns have this morning jumped 30% after it announced plans to repay a tranch of debt to some of its bondholders.

MA campaign against rogues has paid off

New energy system 'better for pubs'

By John Harrington

Government insists new regime for handling complaints, in place of the now defunct energywatch, will offer a better system but concerns still exist that the new Consumer Direct only offers a limited service to businesses.

Enterprise: increase in rent concessions

850 Enterprise tenants get help

By Ewan Turney

Enterprise Inns is currently offering special concessions to 850 licensees as it seeks to help them through the tough trading period — at a cost of £5.5m to the pubco.

Fisherman's Tavern has appeared in all 35 editions of the Good Beer Guide

Camra rewards Scottish pub

By Ewan Turney

A Scottish pub has received a special plaque from Camra today as a reward for appearing in all 35 Good Beer Guides. The Fisherman's Tavern in...

Thorley: No problems letting pubs

Punch denies letting problems

By Ewan Turney

Punch boss Giles Thorley has denied claims that the pubco is struggling to let pubs despite a weekend report that around 1,400 of its pubs are looking for new tenants.

Back in business

Back in business

By Hamish Champ

Tucked away on page 17 of Cains Beer Company's last annual report and accounts appears what turned out to be a prescient warning from Mazars,...

Highways Agency denies rumours of a ban on pub signs over drink-drive fears

No roadside ban on pub signs

By John Harrington

The Highways Agency has dismissed reports that it wants to ban roadside ads for pubs to halt drink-driving. The Agency objected to a retrospective...

Punch shares continue to fall in value

Punch shares hit new record low

By Ewan Turney

Punch shares took a further battering yesterday as they slumped to another record low finishing at 172p a share — their lowest since flotation in May 2002 and a significant decline from the peak of £13.23.

Delwyn Lewis and Martin Bates were charged £74 a day for electricity

£74-a-day electric bill for new hosts

By John Harrington

Hosts were charged a staggering £74 per day for electricity at a 40-cover pub after being stuck paying inflated "out-of-contract" rates. BizzEnergy...

Protz: salutes quality cellars

Master of his trade

By Roger Protz

Quality-focused licensee Bryan Walsh has just been named Fuller's Master Cellarman of the Year.

Punch: Helping licensees reduce prices

Punch unveils new help plan

By Ewan Turney

Punch Taverns has unveiled a new discount scheme to help tenants fight back against cheap drinks deals from managed houses — with the scheme already in place at around 300 pubs.

Charity: how much profit will pubcos share?

Just how bad is it out there?

By The PMA Team

A leading City analyst emailed me this week to claim that analysis of the pub sector has become far too black and white, with managed companies...

Admiral: absorsbing price increase

Admiral absorbs second price rise

By John Harrington

Admiral Taverns has opted not to pass on to tenants the second wholesale price rises announced by four major brewers this year. In a letter to...

Flatters: take advantage of stressed workers

Pubs can capitalise on "sod it" factor

By Martyn Leek, M&C Report

Pub retailers should concentrate on the segmentation of their offering if they are to survive a recession, according to a leading futurist and...

M&B: Serving 115m meals a year

M&B warns of tough year ahead

By Ewan Turney

Managed operator warns of "substantial" cost increases ahead but reveals a 4.8% increase in same outlet like-for-like food sales for the year as demand for its value formats continues to rise.

Witherspoon Holdings now has 12 pubs

New pub company expands to 12 sites

By The PMA Team

A new pub company is expanding in a number of geographic areas thanks to rock-bottom pub prices. Witherspoon Holdings, based in Hanley,...

Dusanj brothers: back at Cains

Dusanj brothers buy back Cains

By Ewan Turney

The Dusanj brothers have regained control of the Cains brewery and nine pubs from administrators — as widely expected following revelations they still owned the brewery freehold.

Five Walkabouts are on the market

Regent puts 11 sites up for sale

By The PMA Team

Regent Inns, the troubled bar and restaurant operator, has placed six Old Orleans sites and five Walkabouts on the market. The company, which also...

Protz: Smoking ban was wrong

Repent ye pro-ban pubgoers

By Roger Protz

The launch of the Good Beer Guide has fanned further debate about the smoke ban.

Gary Hibberd: sentenced to six years

Two Babushka directors jailed for fraud

By The PMA Team

Two directors of discredited bar company Vodka Bar Management, Gary Hibberd and Timothy Allen, have been jailed for conning £2.5m out of a bank and a loan company to fund extravagant lifestyles.

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