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Punch Taverns PLC (PUB.L)

PUB.L on London Stock Exchange

175.00GBp
28 Apr 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
175.00
Open
174.25
Day's High
175.00
Day's Low
173.00
Volume
322,377
Avg. Vol
2,028,249
52-wk High
200.00
52-wk Low
84.00

Latest Key Developments (Source: Significant Developments)

Punch Taverns says Heineken deal to now close before end of August
Friday, 24 Mar 2017 11:24am EDT 

Punch Taverns Plc :Following constructive engagement between CMA, board now expects transaction to become effective before end of August 2017.  Full Article

UK's CMA to look into Heineken, Punch Taverns deal
Thursday, 16 Feb 2017 02:30am EST 

UK's Competition and Markets Authority :Considering if Heineken, Punch Taverns merger will result in creation of a relevant merger situation.  Full Article

Bidco says takes up 28.5 percent stake in Punch Tavern
Monday, 6 Feb 2017 02:00am EST 

Punch Taverns Plc : Patron capital advisers llp- bidco announces that it has acquired an aggregate of 63,310,488 ordinary shares in capital of Punch Taverns Plc ("punch") at 180 pence per share .Patron capital advisers llp- shares representing in aggregate approximately 28.5 per cent.  Full Article

Emerald Investment says no intention to make offer for Punch Taverns
Wednesday, 1 Feb 2017 08:44am EST 

Emerald Investment Partners Limited:Emerald Investment Partners Limited - no intention to make an offer for Punch Taverns Plc.  Full Article

Emerald Investment confirms offer for Punch Taverns, says has 2.2 pct stake
Wednesday, 14 Dec 2016 12:23pm EST 

Emerald Investment Partners: Possible offer for Punch Taverns Plc . Confirms it has made a proposal to punch regarding a possible cash offer for entire issued and to be issued share capital of punch at 185 pence per share .Confirms that it, together with its concert parties, currently owns 4,835,980 shares in punch, representing 2.2% of issued share capital..  Full Article

Punch Tavern says full year underlying pretax profit at 53 mln stg
Tuesday, 8 Nov 2016 02:55am EST 

Punch Taverns Plc : Performance in line with management expectations and reflects completion of our strategic disposal programme: . Core estate like-for-like net income 2 growth of 1.0 pct . Average profit per pub 1 across entire estate up 4 pct; benefiting from disposal of non-core pubs . Fy underlying profit before tax of £53 million (august 2015: £61 million) . Fy profit before tax of £60 million (August 2015: loss of £105 million) . Retail division operating ahead of expectations . 242 pubs identified to operate under retail contract, of which 109 pubs are trading at november 2016 (november 2015: 32 pubs trading) . Retail contract roll-out plans accelerated to c.150 pubs per year (up from previous guidance of 100-120 pubs per year) . Mercury pub division, our smaller drink led pub estate, is on target to deliver like-for-like growth from end of 2017 . Nominal net debt 3 reduced by £223 million in year (16 pct reduction) . Strategic disposal programme is now complete, having delivered ahead of expectations with net proceeds of £234 million in year; £75 million above book value . " business has ended year with a solid set of results, in line with our expectations, and which reflects completion of our strategic disposal programme" . New pubs code regulations has resulted in us having to re-market all lets in line with new regulatory requirements.  Full Article

Punch Taverns says FY profits in line with expectations
Wednesday, 31 Aug 2016 02:25am EDT 

Punch Taverns Plc : Year end trading statement for 52 weeks to 20 August 2016 . Full year profits in line with management expectations . Continued growth from a higher quality pub estate . Average profit per pub across entire estate up c.4 pct . Core estate like-for-like net income . growth of 1.0 pct . Retail division operating ahead of expectations . 177 pubs identified to operate under retail contract, with 97 pubs trading or in progress of conversion at 20 august 2016 . UB roll-out plans accelerated to c.150 pubs per year (up from previous guidance of 100-120 pubs per year) . Nominal net debt reduced by approximately £225 million (16 pct reduction in year) .Strategic disposal programme is now complete, having delivered ahead of expectations.  Full Article

Punch Taverns PLC announces completion of disposal
Wednesday, 7 Oct 2015 02:00am EDT 

Punch Taverns PLC:Announces the disposal of its 50% interest in Matthew Clark (Holdings) Limited to Conviviality Brands Limited has completed.  Full Article

Punch Taverns PLC Proposes disposal of 50% interest in Matthew Clark
Tuesday, 8 Sep 2015 02:01am EDT 

Punch Taverns PLC:Says it has entered into an agreement to sell the Group's 50% shareholding in Matthew Clark (Holdings) Limited to Conviviality Brands Limited, a wholly-owned subsidiary of Conviviality Retail Plc.Says the total consideration for the Disposal is £100.7 million in cash.The Matthew Clark business is a 50/50 joint venture between the Group and Hertford Cellars Limited, a subsidiary of Accolade Wines Limited.Says As part of the same transaction, Hertford Cellars Limited will sell its 50% shareholding in Matthew Clark to Conviviality Brands.  Full Article

Punch Taverns PLC announces disposal of 158 non-core pubs
Monday, 24 Aug 2015 02:00am EDT 

Punch Taverns PLC:Reaches agreement to sell 158 pubs which are not core to Punch's estate for 53.5 million pounds to NewRiver Retail, a Real Estate Investment Trust focused on the UK retail sector.The agreement is unconditional and is expected to complete on Sept. 11.  Full Article

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