Punch Taverns PLC Share News (PUB)
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Shares in Punch Taverns tanked after owners of a large proportion of the pub company's bonds proposed a debt restructuring involving a swap of junior notes for a combination of cash, new junior notes and shares. The proposals would result in a £0.6bn reduction in total net debt but lead to "signif
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LONDON (Alliance News) - The following UK shares received analyst recommendations since Friday afternoon:
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FTSE 100
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Read moreLONDON (Alliance News) - Pub operator Punch Taverns PLC saw a quarter of the value wiped off its shares early Tuesday, after it said it has received a debt restructuring proposal from a group of its creditors which would reduce the group's total net debt by around GBP0.6 billion but significantly
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May 27 (Reuters) - Debt-laden British pub company Punch Taverns Plc said on Tuesday that certain stakeholders had proposed a restructuring of its securitisations that would likely reduce the company's debt by about 26 percent. Shares in the company, which has about 4,300 pubs, sank more tha
Read moreLONDON (Alliance News) - UK shares have opened higher Tuesday, catching up with gains made during the bank holiday Monday in Asia and Europe.
The mid-cap FTSE 250 is outperforming once again, led by AVEVA Group, which raised its total dividend and expressed confiden
LONDON (Alliance News) - Pub operator Punch Taverns PLC Monday said it has reached an agreement to sell four of its pubs in central London to Morgana Ltd for a total of GBP6.7 million. Punch Taverns said it will receive cash from the disposals, and will use the net proceeds to reduce its de
Read moreLONDON (Alliance News) - UK shares have opened starkly mixed Monday, with the FTSE 100 dragged down by AstraZeneca, while the mid-cap FTSE 250 is higher.
AstraZeneca, down 13% at the open, rejected a final GBP69 billion takeover proposal from Pfizer Inc, potentially
LONDON (Alliance News) - Punch Taverns PLC Wednesday said that noteholders of its its Punch A and Punch B securitisations voted in favour of waiver requests, giving it more time to get a deal with its creditors for a broad restructuring of its debt pile. The pub operator had been in extensi
Read more* H1 revenue increases about 3.8 pct to 406 mln stg * Like-for-like sales at managed business rise 4.8 pct * Shares up 3.5 pct (Adds CEO & analyst comments, details and share movement) By Aastha Agnihotri April 24 (Reuters) - Spirit Pub Company Plc said like-for-like sal
Read moreApril 24 (Reuters) - Spirit Pub Company Plc reported a nearly 4 percent rise in first-half revenue as it benefitted from higher sales of food and drinks during the Christmas and holiday season. The company, which operates pubs under brands such as Chef & Brewer, Fayre & Square and Flaming
Read moreApril 15 (Reuters) - Troubled British pub company Punch Taverns Plc said it breached a debt covenant related to Punch A, one of its two securitisation vehicles, in the quarter ended March 1. The debt-laden company's shares were down 5.7 percent at 12.98 pence on the London Stock Exchange at
Read moreLONDON (Alliance News) - Pub operator Punch Taverns PLC Tuesday reported a drop in revenues and significantly widened its losses in the first half of the year, as its continued to close and sell off pubs in its non-core estate, and booked hefty charges related to its capital restructuring.
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Read moreLONDON (Alliance News) - UK stocks are set to make a stable open Tuesday, ahead of UK consumer price inflation data that will provide the market focus for the morning. On Monday the UK's leading share index staged an afternoon turnaround, rallying back to a marginally positive close after h
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