Punch Taverns PLC Share News (PUB)

Johnson warned Covid-19 plan could end pub industry 'in days'

(Sharecast News) - The UK's pub industry warned it faced an existential crisis and could be lost in "days" after the government advised people to avoid bars and restaurants to combat the spread of coronavirus.

Heineken closes in on Punch Taverns pub acquisition

BRUSSELS, Feb 6 (Reuters) - Heineken NV is closing in on its acquisition of some 1,900 pubs in Britain after an investment vehicle linked to the Dutch brewer increased its stake in Punch Taverns. Heineken and partner Patron Capital agreed to buy and break up Punch at 180 pence per share for

UPDATE 1-Emerald abandons Punch bid, leaving Heineken unrivaled in pubs takeover

(Adds share activity) LONDON, Feb 1 (Reuters) - Emerald Investment Partners said it has decided not to make a takeover offer for Punch Taverns , leaving Heineken unrivaled in its bid to buy and break up the UK pub company. Shares of Punch, the country's second-biggest operator with mo

Emerald abandons Punch bid, leaving Heineken unrivaled in pubs takeover

LONDON, Feb 1 (Reuters) - Emerald Investment Partners said on Wednesday it is not planning to make a takeover offer for Punch Taverns, reversing course and leaving Heineken unrivaled in its bid to buy and break up the company. Emerald, the investment firm of Punch founder Alan McIntosh, ma

Canaccord Genuity hikes target on Punch Taverns

(ShareCast News) - Analysts at Canaccord Genuity hiked their target price for shares of Punch Taverns following the company's acceptance of the 180p per share cash offer from Vine Acquisitions, the acquisition vehicle for Patron Capital and Heineken. The bid, which had been accepted by the company's

UPDATE 2-Heineken and Patron agree to buy, break up UK's Punch Taverns

* To pay 180 pence a share, 40 pct above Tuesday's close * Punch has received a higher rival proposal, but no bid * Punch shares jump to 2-year high on hopes of bidding war (Adds Heineken rationale, possible counter bid) By Rahul B and Philip Blenkinsop Dec 15 (Reuters)

Punch Taverns agrees to takeover from Heineken and partner

Dec 15 (Reuters) - British pub operator Punch Taverns Plc has agreed to a takeover offer from Dutch brewer Heineken NV and investment partner Patron Capital, it said on Thursday. Britain's second-largest pub operator by number of pubs said the deal had received support from its top three s

CORRECTED-UPDATE 3-Heineken in bid battle for Punch Taverns

(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti

Emerald confirms proposal for Punch Taverns

LONDON, Dec 14 (Reuters) - Emerald Investment Partners, the investment firm of Punch Taverns founder Alan McIntosh, confirmed on Wednesday that it had proposed to buy Punch for 185 pence per share. Emerald, which is bidding against global brewer Heineken , said its proposal did not constitu

UPDATE: Battle For Punch Taverns Sparked By Rival Takeover Offers

Punch Tavern gets two takeover approaches

Dec 14 (Reuters) - Punch Taverns Plc, Britain's second largest pub operator by number of pubs, said on Wednesday that it received two takeover approaches, including one from Heineken. Punch Tavern said it received a proposal from Patron Capital Advisers on behalf of Heineken for 174 pence p

Punch Taverns surges on two takeover offers, one from Heineken

(ShareCast News) - Shares in Punch Taverns rocketed on Wednesday after the pub operator confirmed it has received two takeover offers, one from Patron Capital Advisers on behalf of Dutch brewer Heineken and the other from Emerald Investment Partners. Patron has offered 174p per share, while Emera

Punch Taverns swings to profit

(ShareCast News) - Pub operator Punch Taverns swung to a pre-tax profit in the 52 weeks to 20 August. In its preliminary full-year results, the group said pre-tax profit came in at £60m versus a loss of £105m the year before. However, underlying pre-tax profit fell to £53m from £61m and revenue decl

Punch Taverns says full year trading in line

(ShareCast News) - Pub operator Punch Taverns reported a rise in average profit per pub for the 52 weeks to 20 August, with like-for-like net income growth in the core estate. In a trading statement for the full year, the company said profit per pub was up around 4%, while core estate LFL net income

Punch Taverns profit drops but new strategy beginning to bear fruit

(ShareCast News) - Punch Taverns posted a drop in first-half pre-tax profit on Wednesday but shares in the pub group rallied as investors welcomed signs of progress on the strategy set out back in November. In the 28 weeks to 5 March, pre-tax profit tumbled to £54.7 from £348.5m, on revenue of £212.