Punch Taverns PLC Share News (PUB)

Punch Taverns delays £2.3bn debt shake-up

Troubled pub group Punch Taverns has delayed the launch of its £2.3bn debt shake-up. Punch said it needed extra time to conclude talks between certain stakeholders and to finalise the documentation of the restructuring, which would slash its debt by £600m to about £1.7bn. The group said it believe

Pub operator Punch Taverns delays debt restructuring

Aug 11 (Reuters) - Punch Taverns Plc said a restructuring of its debt, which was supposed to conclude by Monday, had been delayed as the British pub operator sought more time to conclude certain discussions with stakeholders. Punch Taverns, which has about 4,300 pubs, was hit hard by Britai

Sunday newspaper round-up: Barclays, Carillion-Balfour, Ofgem

Rona Fairhead, the former boss of the Financial Times, and Howard Davies, the ex-chief City regulator, are the two leading candidates to chair Barclays, the Sunday Times reported. Fairhead ran the FT for seven years and is a non-executive director at HSBC. Davies is the Government's favourite troubl

Punch Taverns Says Noteholders Voted In Favour Of Waiver Requests

UK MORNING BRIEFING: Imagination Technologies Hit By Intel Share Sale

Punch Taverns Now Has Backing Of Majority For Debt Deal

MARKET COMMENT: FTSE At Two-Month Low On Iraq, US Growth Shock

Punch Taverns to sell five London pubs

Troubled pub landlord Punch Taverns has agreed to sell five pubs for £9.7m, it announced on Tuesday. Punch is selling the freehold outlets in central London to Manica Properties in a deal expected to complete on June 30th. It said it would use the net proceeds to reduce debt and reinvest in its re

Tied Pub Tenants Get New Rent Review Code, Adjudicator

LONDON (Alliance News) - The UK government Tuesday said pub tenants will get more rights to challenge rent increases, part of its effort to tackle claims that the tenant publicans are struggling to make a decent living due to high charges imposed by the pub owners. The new rules cover so-ca

Punch Taverns In Deal To Sell Five More Central London Pubs

LONDON (Alliance News) - Punch Taverns PLC Tuesday said it has reached a deal to sell five central London pubs to Manica Properties Ltd for a total of GBP9.7 million, part of a continuing programme to offload its worst-performing pubs. In a statement, the company said the pubs are all freeh

UK MORNING BRIEFING: Shares Open Lower Ahead Of European CPI

LONDON (Alliance News) - UK shares have opened marginally lower Tuesday ahead of European data seen as having a possible influence on Thursday's European Central Bank meeting. Wolseley leads the FTSE 100 gainers after reporting a strong third quarter. It is up 2.3%. <

Britain unveils new code to protect pub landlords

LONDON, June 3 (Reuters) - Publicans tied to Britain's big pub companies are to be given greater powers to challenge rent prices and will have a new independent adjudicator to turn to in disputes, under reforms unveiled by the government on Tuesday. Almost half of Britain's 50,000 pubs are

Wednesday broker round-up UPDATE

Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE

UK BROKER RATINGS: Berenberg Cuts Vodafone To Hold

LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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TRADERS: BERNSTEIN CUTS PRICE TARGET ASTRAZENECA TO 4400 (5000) PENCE
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DEUTSCHE BANK RAISES ASTRAZENECA

UPDATE 1-Punch Taverns bondholders' restructuring plan to cut debt by 26 pct

(Adds details, analyst comment; updates share price) May 27 (Reuters) - British pub operator Punch Taverns Plc said on Tuesday that certain debtholders had proposed a restructuring that would likely reduce its 2.3 billion pound ($3.9 billion) debt pile by about 26 percent. However, P