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    1. July 13, 2015

      Alent acquisition catalysed by demerger

      A demerger often presages the disappearance of one or both offshoots. The agreed £1.35bn purchase of Alent, a...

    2. April 22, 2015

      Punch cuts debt ahead of beer deal change

      Punch Taverns’ executive chairman has warned that as many as two-thirds of the pub group’s landlords could break their...

    1. March 3, 2015

      Punch Taverns appoints chief executive

      Punch Taverns, the heavily indebted pub group, has turned to food retailer Duncan Garrood to revive its fortunes after...

    2. December 28, 2014

      The spies in the cellar are now sidling up to your desk

      One of the most unsettling workplaces I have ever come across was a pub in the English Midlands I visited 12 years ago....

    3. November 21, 2014

      Boardroom trades November 22

      Punch Taverns’ prospects appeared to be improving, having suffered heavy blows during last month’s market jitters when...

    4. November 21, 2014

      High spirits and hangovers after MPs target ‘beer ties’

      MPs this week voted to allow pub tenants to buy beer on the open market, in a move billed as a victory for the small...

    5. November 19, 2014

      UK pub groups rocked by MPs’ vote to call time on beer tie

      Pub companies face a decline in investor confidence and months of uncertainty after a shock decision by MPs to unwind...

    6. November 19, 2014

      Last orders call sparks bar brawl over beer tie

      If the near-400 year-old system that ties British publicans to pub companies really is to disappear, it will go down...

    7. November 19, 2014

      Beer tie: time, please

      Pull yourself a pint. A strong one. And a whisky chaser. An already convoluted business model is about to get more...

    8. November 19, 2014

      Q&A – Untying the UK pub industry

      What are tied pubs? They are pubs whose landlords are under contract to purchase their beer from a particular pub group...

    9. November 18, 2014

      Pub group shares tumble after vote to end tenants’ beer tie

      Shares in the UK’s biggest pub groups have fallen sharply after a surprise Westminster vote that could shake up their...

    10. November 12, 2014

      Punch Taverns promises fresh start

      Punch Taverns emerged from its painfully long restructuring battle to claim the end of its status as a “zombie stock”...

    11. October 22, 2014

      Spirit profits rise as Greene King deadline nears

      Spirit Pub Co, which on Monday said it would approve a merger approach from Greene King, has set aside £75m to fund...

    12. October 20, 2014

      Greene King tops up Spirit offer

      Pub operator Greene King has persuaded the board of rival group Spirit to accept a revised offer, paving the way for...

    13. October 7, 2014

      Punch Taverns wins final restructuring approval

      Nearly two years after Punch Taverns began talks to restructure $2.3bn of debt, the pub group has finally gained the...

    14. September 28, 2014

      Osmond acquires ailing Italian dining chain Strada

      Hugh Osmond, the entrepreneur who floated PizzaExpress two decades ago, is returning to the restaurant business,...

    15. September 17, 2014

      Punch plan to restructure £2.3bn debt burden approved

      Punch Taverns overcame a major hurdle to reducing its debt burden on Wednesday after bondholders and shareholders...

    16. September 3, 2014

      Spirit to outline pub buying plans

      Spirit Pub Company will next month detail plans to add 400 pubs to its portfolio, after announcing the first tranche of...

    17. August 18, 2014

      Tales of the uneggspected show power of political risk

      In mature democracies, businesses need only plan for a narrow range of external influences. In unstable countries, the...

    18. August 18, 2014

      Punch confident restructuring plan has ‘momentum’

      Punch Taverns says it now has the necessary “momentum behind” its debt restructuring proposal that aims to slash a...

    19. August 11, 2014

      Punch Taverns extends talks to finalise £2.3bn debt restructuring

      Punch Taverns and its bondholders have another 10 days to reach an agreement over the restructuring of the pub...

    20. July 18, 2014

      Life after death for the traditional boozer

      No one has ever propped up the bar at the Paper Mill micropub in Sittingbourne, Kent – because it does not have one....

    21. June 29, 2014

      Pints or property? The dilemma for pubs

      Wedged between two bureaux de change opposite Kensington Gardens near Hyde Park, London’s 18th century Black Lion pub...

    22. June 26, 2014

      Punch Taverns closes in on £2.3bn restructuring deal

      Punch Taverns is on the brink of a £2.3bn restructuring deal after it reached an agreement with its biggest group of...

    23. May 27, 2014

      Punch Taverns: from deluded to diluted

      Punch shareholders have been bobbing and weaving for years. Here comes another hard right to the jaw. After many rounds...

    24. May 27, 2014

      Punch Taverns investors face ‘significant equity dilution’

      Debt-laden pub group Punch Taverns has unveiled a restructuring plan that would result in “significant equity...

    25. May 2, 2014

      UK boardroom trades May 3

      Susan Taylor Martin trebled her stake in hotel and pub group Whitbread on Thursday, though she might regret not...

    26. April 30, 2014

      Greene King looks to crown strong growth with acquisitions

      The chief executive of Greene King said the pub group was open to making acquisitions, as the owner of 2,200 pubs and...

    27. February 16, 2014

      For Punch shareholders, a bloody nose beats a knockout

      Who but a lawyer would relish the scene of a family gathered around a parent’s deathbed and squabbling over who gets...

    28. February 12, 2014

      Tax retrospection a blind alley in India’s equity quest

      India gets mixed reports from tourists. The pleasure of viewing the Taj is counterbalanced by the discomfort of seeing...

    29. February 12, 2014

      Punch backs down in debt restructuring battle with creditors

      Punch Taverns has scrapped its “final” proposal to restructure its £2.3bn net debt, with company management now willing...

    30. February 6, 2014

      Listed pub sector serves up a healthier round of figures

      Pubs closing their doors. Food and drink costs rising. Britons drinking less beer. By some measures, the future of the...

    31. January 27, 2014

      Punch bondholders knock back £2.3m debt restructuring plans

      Bondholders in Punch Taverns have thwarted the pub group’s plans to restructure its £2.3bn debt after a group of senior...

    32. January 17, 2014

      Small-cap Week, January 18

      UK shale gas prospectors led the small-cap gainers this week after French group Total gave the fledgling industry a...

    33. January 15, 2014

      Punch Taverns: time please!

      After 15 months of negotiations with various flavours of bondholder, Punch Taverns has rung the bell and called time....

    34. FT Alphaville

      January 15, 2014

      The (early) Lunch Wrap

      Good Morning New York, NEWS Punch threatens to default on debt: Punch Taverns on Wednesday issued a stark warning to...

    35. January 15, 2014

      Punch bondholders face last orders on debt

      Punch Taverns on Wednesday threatened bondholders with default unless they agree to “final terms” for restructuring the...

    36. December 9, 2013

      Punch Taverns and bondholders narrow their differences

      A deal between Punch Taverns and its bondholders about the restructuring of its £2.3bn net debt edged a little closer...

    37. November 21, 2013

      Pubs turns focus from property to staff

      For a long time in the pub industry, the property market came before pubs. Whoever was running the pub – and how well...

    38. September 25, 2013

      Punch Taverns hit by fall in profits as it struggles with debt

      Punch Taverns’ attempt to restructure its £2.3bn net debt will take on a new urgency as looming deadlines focus the...

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