Regent and SFI in pub merger talks
Tuesday 02 February 1999
Shares in Regent jumped 21p to 191p, with SFI up 13p to 191.5p as analysts speculated that rival bidders may enter the fray. However, some pub experts said the ratings of both companies would deter other bidders.
Regent Inns controls 83 pubs including a handful of branded outlets under the Walkabout inns name. It also controls the Jongleurs comedy clubs. SFI, formerly known as Surrey Free Inns, has 55 pubs including the Bar Med and Litten Tree chains.
A merger would create a group with a market value of around pounds 290m with scope for cost savings of around pounds 3m-pounds 4m a year.
The City welcomed the news as pressure grows for consolidation in Britain's fragmented and over-supplied pub sector. It comes on the back of Wolverhampton & Dudley's bid battle with Marston Thompson & Evershed and Enterprise Inns' announcement that it is in talks with Inn Business regarding a possible deal.
- 1 Mario Balotelli: Staff at arson-hit Manchester Dogs' Home convinced Liverpool striker is behind five-figure donation
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 Friends 20th anniversary: The highs and lows of the cast's careers since 2004
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Glasgow 'riots': 'Dishonest' social media users accused of fuelling panic with pictures from London riots
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...