Punch announced on 15 January its latest proposal for the re-structuring of its debts with the launch of its proposed Capital Restructuring of the Punch A and Punch B securitisations. Early reactions did not welcome the Overview point that ‘The Restructuring proposals are final’ (see below), and the Association of British Insurers is reviewing the proposed terms before making … [Read more...]
Wetherspoon opens at Extra Motorway Service Area on M40
JD Wetherspoon opens its new outlet in Beaconsfield on Tuesday 21 January, with the creation of 120 new jobs. The company has spent £1.18 million developing the outlet at the Extra Motorway Service Area, located adjacent to Junction 2 of M40 Motorway. The Hope and Champion The Universal British Directory of 1792 states that 'the New Machine passes through … [Read more...]
Average sale prices increase for pubs
A record number of pubs sold for ongoing use and a 3.3 per cent increase in the average sales price for pubs made for a confident year in the UK’s pub marketplace — that’s according to Business Outlook 2014, the annual state of the markets report by specialist property adviser Christie + Co. There were signs in 2013 that estate churn — almost a perpetual state in the UK pub … [Read more...]
Hall & Woodhouse raises £20m long-term finance
M&G Investments has provided a £20 million ten year loan to Hall & Woodhouse, the independent regional brewer and owner of over 200 public houses, as part of its continuing programme to provide long-term financing to established and ambitious mid-sized UK companies. Only recently, M&G Investments provided £30 million of new debt finance for Caffè Nero, Europe’s … [Read more...]
Marketing support with Punch
Nearly a quarter of all Punch Taverns’ pubs have signed to an exclusive promotional deal by the leading pub company. The Box of Promotions Professionally designed by the Punch Taverns’ Creative Team, this is a point of sale pack to promote all the key events in 2014. Over 850 Punch Partners signed up to receive the kit via the Punch Buying Club website (PBC) or the Punch … [Read more...]