Punch Taverns

Enterprise calls time on pub acquisitions

Enterprise Inns, Britain’s second biggest pub company, has called a halt to all pub acquisitions and stepped up disposals in a bid to reduce a £1 billion debt facility due for renewal in 2011. The company, which has almost...

Eco-boilers for Spirit Group

Roll-out is a key part of group's plans to cut carbon emissions by 17 per cent by 2010 Spirit Group is installing high efficicency boilers in 400 of its pubs under its Carbon Reduction Programme. The units, supplied by...

Hamish Champ: Living in Enterprising times

"It will be interesting to see if Enterprise Inns talks about selling off a sizeable chunk of its estate in the same way Punch Taverns did when it recently confirmed it was looking to offload around 500 underperforming boozers"

Mammon: How Asda takes sting out of the crunch

Unusually for a chief financial officer, Asda's Judith McKenna never really gets to talk numbers. She can't: ever since the supermarket group was bought by Wal-Mart in 1999, she has been kept on a tight leash by the US...

Fears over land deal after Sarah Siddons closes

Published Date: 14 November 2008 The future of a Warwick pub is uncertain after its licensees were forced to close the premises, blaming supermarket drinks offers and the smoking ban. Licensees Tim Aston and Sandra Eaves called...

Tye aims for Chef & Brewer turnaround

Spirit Group, the managed division of Punch Taverns, is hoping to reverse years of under-investment in its flagship 138-strong Chef & Brewer brand. Chef & Brewer: Ye Olde Windsor Castle is in Surrey The company is planning to...

Individual Inns’ 5th site

North Yorkshire-based dining pub operator Individual Inns has added a fifth venue to its portfolio with the purchase of the Wheatley Hotel, at Ben Rhydding near Ilkley. Wheatley Hotel: the freehold property is near Ilkey The...

Cains owes creditors £38.5m, say accountants

The deficiency in respect of Cains Beer Company, which was placed in administration in August, is likely to be around £38.5m, according to a report from PriceWaterhouseCoopers. Ajmail and Sudarghara Dusanj: the brothers lost...

Market Report: Man 'flying on one engine' and losing height

The London-based hedge fund group Man closed at its lowest level since 2003 last night after Citigroup, concerned about the company's growing dependence on its flagship AHL fund, switched its stance on the stock to "hold".

Enterprise Inns shares fall more than a fifth

Bad economic news from the Bank of England hits sector Shares in Enterprise Inns fell by more than a fifth today as the market digested news that the UK recession could be worse than feared. Enterprise’s stock was trading down...

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