Punch Taverns PLC Share News (PUB)

Punch Taverns agrees to sell 158 pubs for £53.5m

(ShareCast News) - Punch Taverns said it had reached an £53.5m agreement with a real estate trust to sell 158 pubs it deemed 'non-core.' The pub operator said the sale of the pubs to NewRiver Retail was at an average of £340,000 per pub, above total book value of £52.5m. In a statement, Punch said

LONDON BRIEFING: UK Stocks Feel Effect Of Chinese Market Plunge

Punch Taverns Sells 158 Non-Core Pubs To NewRiver Retail

Conviviality Signs Non-Disposal Undertaking With Matthew Clark Owners

PRESS: Punch Close To "Wet-Led" Pubs Sale To NewRiver - Sunday Times

Sunday newspaper round-up: RBS stake sale, Arriva return, IHG deals eyed

(ShareCast News) - The government may begin the process of selling down its 79% stake in Royal Bank of Scotland this week at the behest of Chancellor George Osborne. A sale of a £2.5bn chunk of shares, equivalent to 6% of the company, could begin in the coming days, the Sunday Times said. The Treasu

MEDIA-Conviviality Retail suspends shares - The Independent

-- Source link: (http://ind.pn/1INO4Jc) -- Note: Reuters has not verified this story and does not vouch for its accuracy

Conviviality Retail Enters Reverse Takeover Talks With Matthew Clark

REFILE-UPDATE 1-Enterprise Inns unveils overhaul in response to new tenant powers

(Deletes word "that", paragraph 2) * Managed pubs to grow to 850 from 16 * Commercial property arm to grow to 1,000 properties * Changes in response to new rent options for tenants * Shares up 0.8 pct By Neil Maidment LONDON, May 12 (Reuters) - British pub land

Enterprise Inns to speed up managed pubs rollout

LONDON, May 12 (Reuters) - British pub group Enterprise Inns said it would expand its own managed division and ramp up its commercial property arm as part of plans to protect its business from a new law that will allow publicans to choose where they buy their beer. Almost half of 50,000 UK

Friday broker round-up

IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu

Punch Taverns turns losses into profits and reduces debt during first-half

Pub and bar owner Punch Taverns said on Wednesday it expects to meet its full-year forecasts as it moved its losses into profits during the first half of the year. The group reduced its net debt by £53m since the launch of a capital restructuring in October. It also said it expects to meet its £200m

Punch Taverns Keeps Guidance After Steady Half, Disposals Running Ahead

LONDON MARKET COMMENT: Stocks Seen Higher, Focus On Tesco, BoE Minutes

Earnings, Trading Statements Calendar - Week Ahead