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Punch Taverns Plc
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Tuesday 16 June 2009
Punch Taverns, the debt-laden pub operator, has ended months of speculation by unveiling a £375m fundraising to reduce its debt mountain and meet a critical bond repayment next year, but it warned of continuing tough trading in the sector.
Wednesday 13 May 2009
MPs called today for an urgent competition investigation into the pub industry amid fears that ties between pub firms and licensees were forcing up prices for drinkers.
Sunday 10 May 2009
MPs are expected to start a shake-up of the UK's struggling pub sector when the influential Business and Enterprise Committee publishes its report Pub Company Power on Wednesday.
Sunday 10 May 2009
Monday 27 April 2009
Performance at the Premier Inn budget hotel chain is likely to be in focus when Whitbread, the FTSE 100- listed hospitality group, posts its preliminary results tomorrow. Until recently, demand for cheaper hotel rooms has kept Premier safe from the sharp economic headwinds that are blowing across these isles. But the picture showed signs of unravelling in March, when a trading statement revealed that lower occupancy rates at the budget business had begun to drag on group like-for-like sales.
Sunday 26 April 2009
Pubs chain Geronimo Inns has secured £10m in funding from its private equity and banking backers to buy six London pubs from Punch Taverns.
Saturday 07 February 2009
Thursday 15 January 2009
Tuesday 30 December 2008
Yule Catto, the chemical group, is the latest UK company to scrap its dividend in the face of economic uncertainty and the need to conserve cash.
Tuesday 23 December 2008
Home Retail Group, the owner of the Homebase home improvement chain, slumped to the bottom of the Footsie last night as the retail sector turned lower amid growing concern about the impact of the flood of discounts on the high street.
Tuesday 02 December 2008
Punch Taverns closed down more than 15 per cent after it was suggested that a sharp fall in profits and the resulting covenant breaches might trigger a major restructuring that could leave the stock, worth 106.25p last night, trading at 10p.
Saturday 01 November 2008
In these bleak, uncertain times, some of the traditional rules that govern investment decisions should be unceremoniously tossed out of the window. What were once regarded as invaluable guidelines, such as dividend yields and price earnings ratios, are now often completely useless.
Thursday 23 October 2008
The pick 'n' mix retailer Woolworths has shaken up its management structure with a string of senior departures and new hiring, in an attempt to turn around its ailing retail operation under its newly appointed chief executive.
Wednesday 08 October 2008
Short-sellers barred from betting against financial services companies have instead stepped up their targeting of the UK's biggest pub companies and retailers as they try to cash in on the deteriorating consumer outlook.
Thursday 04 September 2008
Punch Taverns scrapped its final dividend yesterday "to conserve cash" in the face of ongoing economic uncertainty, putting stocks across the sector on the skids.
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