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Punch Taverns Plc
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Friday 23 April 2010
Punch Taverns, the debt laden pubs chain, saw profits sink 20 per cent as the group continued to struggle in the "challenging conditions" for the industry.
Tuesday 30 March 2010
The chief executive of Punch Taverns Giles Thorley surprised the market today by stepping down after nine years at the debt-laden pub group.
Saturday 20 February 2010
Monday 14 December 2009
Cadbury will today post its formal response to the £10.1bn takeover bid by Kraft Foods, alongside its pre-close trading update. The Dairy Milk maker will make a robust case for its strategy as a standalone confectionery specialist. Cadbury's management will cite improved savings from its Vision into Action programme, continued growth in volumes and margins, and why its brands, particularly in emerging markets, are a better place for investors to keep their shares rather than being absorbed into what the company calls the "low growth conglomerate" of Kraft. The confectioner lambasted Kraft's offer of 0.2589 of its shares and 300p in cash for each Cadbury share as "derisory" and "unattractive" when it was made on 9 November.
Wednesday 02 December 2009
Saturday 28 November 2009
Saturday 21 November 2009
The pubs and brewing group Fuller, Smith & Turner cheered an 18 per cent rise in first-half profits but warned that the rest of its financial year would be "significantly tougher".
Friday 23 October 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.
Thursday 15 October 2009
Monday 12 October 2009
The hospitality group Whitbread, the company behind the Premier Inn budget hotel chain, should confirm its resilient performance through the downturn when it issues results for the 26 weeks to 27 August tomorrow.
Friday 25 September 2009
Embattled pub chain Punch Taverns today put another 300 of its underperforming premises up for sale.
Wednesday 26 August 2009
Another feeble British summer has taken its toll on beer sales, adding to recessionary gloom in the pubs industry, the market leader Punch Taverns said yesterday.
Saturday 11 July 2009
Saturday 04 July 2009
Embattled pub group Punch Taverns saw its £375m investor cash call scrape through today after nearly 40 million votes were lodged against the move.
Sunday 28 June 2009
Marstons, the listed pubs group that is looking to tap investors for £176m, is facing a rebellion from leading shareholders over a rights issue some have dubbed "totally ridiculous".
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