Punch Taverns PLC Share News (PUB)
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Feb 21 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has downgraded Punch Taverns Finance Plc's (Punch A) notes and Punch Taverns Finance B Ltd's (Punch B) class B and C notes. The notes remain on Rating Watch Negative (RWN) pending further announc
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Shareholders in Royal Bank of Scotland waiting on the sidelines of a looming multibillion-pound court battle against the bank must put up or shut up, the judge overseeing the case warned yesterday. Mr Justice Hildyard said that the time was "fast approaching" when the case should ignore the wishes o
Read more* Bondholders block company's restructuring plan * "Final" proposals back to the drawing board * Creditors push alternative to equity plan By Owen Sanderson LONDON, Feb 12 (IFR) - Punch management has withdrawn its restructuring proposals, which it described as "final" les
Read more* Bondholders block company's restructuring plan * "Final" proposals back to the drawing board * Creditors push alternative to equity plan By Owen Sanderson LONDON, Feb 12 (IFR) - Punch management has withdrawn its restructuring proposals, which it described as "final" les
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LONDON (Alliance News) - The following is a summary of top news stories Wednesday.
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COMPANIES
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Tullow Oil PLC said its pretax profit fell significantly in its recent full year, due to lower disposal gains and higher expl
LONDON (Alliance News) - Punch Taverns PLC Wednesday said it has withdrawn resolutions that were supposed to be put to a meeting of its noteholders on Friday so that it can continue talks about its debt restructuring with stakeholders. The talks have been dragging on, with classes of Punch
Read moreLONDON (Alliance News) - Shares have opened mostly flat Wednesday, as the market awaits the Bank of England's Quarterly Inflation Report at 1030 GMT.
Telecity is holding back the FTSE 250. The data-centre provider is down 13% after announcing higher 2013 profit and
Troubled Punch Taverns has called off a vote to get creditors to back a controversial debt restructuring package after some opposed it, leaving it at risk of default. The British pub group, which has more than 4,000 leased pubs, said it had decided to withdraw resolutions to approve the package due
Read moreBarclays is preparing to cut its investment bank by a fifth to appease the Bank of England (BoE), the Sunday Times reported. Chief Executive Antony Jenkins will announce the plan to sell £150bn of assets and slash annual costs by £1.7bn with the bank's full-year results on February 11th. The investm
Read moreThe FTSE Small Cap index rises 0.3 percent, outperforming the mid-caps and the blue chips, both up 0.2 percent, as well as junior-listed AIM shares , which fall 0.2 percent. Chipmaker Wolfson Microelectronics drops 7.7 percent as it swings to an underlying loss in the final quarter of 2013
Read morePunch Taverns, Britain's second biggest pubs group, will warn its lenders on Wednesday that failure to pass a controversial debt restructuring deal could lead to at least five years of "mess" and "uncertainty". The company, which has 4,000 pubs in the UK, has been wrestling with its lenders and shar
Read more* Investors will vote against proposals * Default seen as an empty threat * Potential to renegotiate not ruled out By Anil Mayre and Owen Sanderson LONDON, Jan 27 (IFR) - Three holders of Punch Taverns' securitised debt said on Monday morning they would reject a proposed r
Read moreLONDON, Jan 27 (Reuters) - Punch Taverns' creditors urged the British pub company on Monday to reopen negotiations over a restructuring of its debt, saying they would not support an earlier proposal to avoid a default. The company announced it was embarking on a debt reduction plan earlier
Read morePub landlord Punch Taverns has hit another obstacle in its bid to push through a debt overhaul that it claims is crucial to keeping the company afloat. A group of creditors has opposed final restructuring proposals unveiled by Punch on January 15th after 14 months of talks with investors. Punch, w
Read more* Investors will vote against proposals * Default seen as an empty threat * Potential to renegotiate not ruled out By Anil Mayre LONDON, Jan 27 (IFR) - Three holders of Punch Taverns' securitised debt said on Monday morning they would reject a proposed restructuring at an
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