Punch price deters rival Allied bidder

THE POSSIBILITY of a renewed bid battle for Allied Domecq's pub estate was in effect scotched yesterday when a potential rival consortium to Punch Taverns' pounds 2.75bn bid indicated that it was unlikely to beat the Punch price.

Allied board settles on pounds 2.75bn Punch pub bid

ALLIED DOMECQ finally agreed to sell its pub estate to Punch Taverns yesterday in a pounds 2.75bn deal which brings to an end months of bad- tempered wrangling.

Allied board in talks with Punch

ALLIED DOMECQ, the drinks group, finally agreed to start talks with Punch Taverns yesterday regarding the sale of its pub estate following Whitbread's withdrawal from the fight.

How Osmond gatecrashed the party

"ALLIED HAS tons and tons of shitty pubs in great sites and it is crap at management." It is easy to see why Sir Christopher Hogg, the urbane chairman of Allied Domecq, has never exactly warmed to Punch chairman Hugh Osmond.

Whitbread uses Carlsberg to boost its bid for Allied

ALLIED DOMECQ and Whitbread yesterday launched a joint effort to bolster the Whitbread bid for Allied's 3,600 pub estate by claiming that Carlsberg would block any attempt by rival bidder, Punch to break up the estate.

The latest news from the Motley Fool: Investors bamboozled by war of the boozers

The Motley Fool started as an irreverent investment newsletter and has grown to become one of the most popular personal finance and investment websites. Anyone who follows its philosophy is called a `Foolish investor'.

Punch raises bid for Allied pubs to pounds 2.85bn

THE TAKEOVER battle for Allied Domecq's pubs and off-licences entered a dramatic new phase yesterday when Punch Taverns stole a march on its rival Whitbread by boosting its offer to pounds 2.85bn in cash.

Whitbread under pressure to raise bid for pubs

WHITBREAD is coming under intense shareholder pressure to raise its bid for Allied Domecq's pub estate and avoid defeat at the hands of Punch Taverns' higher offer.

Allied Domecq rejects Punch's pounds 2.7bn offer

PUNCH TAVERNS, the privately controlled pubs group, is to take its pounds 2.7bn offer for Allied Domecq's pub estate direct to Allied's shareholders after the Allied board rejected its offer as "insufficiently attractive" and backed the rival bid from Whitbread instead.

Mr Punch aims at Allied Domecq

News Analysis: Can Hugh Osmond outmanoeuvre Whitbread in the battle for 3,500-strong pub estate?

Literary criticism's Darth Vadar revealed over lunch

Christina Foyle told me quite matter of factly that she had the power to enter people's minds

The Critics: Music: Still room at the top for a new Britten

Aldeburgh Festival Snape Maltings, Snape St Petersburg Festival Barbican, London

Punch set for pounds 2.7bn offer

PUNCH TAVERNS will launch a bid of around pounds 2.7bn for Allied Domecq's 3,600 pubs this week in an attempt to wrest control of the estate from the clutches of Whitbread.

Whitbread sale opposed

PUNCH TAVERNS will urge the Office of Fair Trading this week to block the disposal of Whitbread's breweries.

Sweat and cheap soap

Close Range: Wyoming Stories by Annie Proulx Fourth Estate pounds 12
Career Services

Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Prices correct as of 19 December 2014
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas