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Troubled Punch Taverns reeling as profits take 20% hit Giles Thorley is quitting as head of Punch Taverns Punch raises £350m to cut debt burden Greene King in a £30m raid on rival Punch pubs New blow for pubs as MPs roll out a probe Punch hit by smoke ban and economic downturn

Latest articles

Spirit pubs boss is out of a job after demerger

20.10.11
Former Marks & Spencer finance chief Ian Dyson is looking for a new job, having seemingly done himself out of the one he had... more

Punch Taverns ditches finance chief Phil Dutton

16.11.10
Ian Dyson’s shake-up of Punch Taverns continues as the company announces it was parting ways with finance director Phil Dutton... more

Blow for Merrill Lynch as Punch turns to Citigroup

10.11.10
Punch Taverns’ new chief executive Ian Dyson axea the pub company’s long-standing financial adviser Merrill Lynch... more

Prudential shoots ahead as it goes from buyer to target

06.05.10
Market Round-up: Speculation that Prudential may now find itself the pursued rather than the pursuer pushes the insurance giant up the Footsie winners’ list... more

City Spy: Peter Montagnon's tip... Don’t be a yes man

27.04.10
Peter Montagnon, former Financial Times hack and attack dog for the Association of British Insurers, is off to the Financial Reporting Council to be its senior investment adviser... more

Troubled Punch Taverns reeling as profits take 20% hit

22.04.10
Punch Taverns shares take a hit as investors swill back half-year results and found the taste not to their liking... more

City Spy: Quelle surprise! Tory boys back Osborne

01.04.10
Twenty-three business chiefs write in support of George Osborne’s plan to scrap the proposed rise in National Insurance, and it’s hailed as a sign the Tories have UK Plc on side... more

‘I will not be moved,’ vows Enterprise Inns boss Ted Tuppen

31.03.10
Enterprise Inns chief executive Ted Tuppen insists he won’t be following arch rival Giles Thorley out of the door... more

Giles Thorley is quitting as head of Punch Taverns

30.03.10
Giles Thorley is quitting as boss of Punch Taverns after two of the most bad-tempered years in the history of the pub trade... more

First the Gurkhas, now Joanna Lumley helps to save Islington theatre

19.02.10
Widow of the founder of the King’s Head Theatre has bought the venue for £1.4 million — with the help of Joanna Lumley... more

How about a boycott over insult of M&S chief Marc Bolland’s pay?

09.02.10
Comment: Mr Bolland's £15 million deal is no less ridiculous than Jonathan Ross’s ludicrous £18 million deal at the BBC. ... more

Chief execs riding for a fall? Put your money on it

14.01.10
Bookie Paddy Power normally runs a fun bet titled Premier League Sack Race on top-flight managers losing their jobs. Sadly, it doesn't offer odds on the same thing but for major chief executives...... more

Pub value cut at Punch

14.10.09
Punch Taverns cut the value of its pub estate by £663 million, a move that would slice billions off industry finances if its rivals followed suit ... more

Punch feels the pinch

25.08.09
Pub group Punch Taverns warned there is little prospect of business improving soon as recession-hit drinkers curb spending ... more

Cazenove adds to Punch's hangover after fundraiser

08.07.09
Shares in debt-laden Punch Taverns have been in freefall since it tapped investors last month for an extra £375 million in order to reduce debts still topping almost £4 billion... more

Punch raises £350m to cut debt burden

15.06.09
Punch Taverns set about raising £350million from shareholders as it seeks to pay down a crippling debt pile of £4.2 billion and convince sceptics that it is through the worst of the crisis in the pub industry... more

Greene King in a £30m raid on rival Punch pubs

09.06.09
Greene King has snapped up 11 pubs from heavily-indebted rival Punch Taverns for £30.4 million ... more

Lording it over the landlords can't help them run the pubs

19.05.09
If Ted Tuppen and Giles Thorley ran a pub, would anyone come? Even if people did, could either man make a profit? The chief executives of Enterprise Inns and Punch Taverns - Britain's two biggest pub companies - are fairly scathing about the abilities of landlords who fail, so these seem to me like fair questions.... more

Punch cheered by cut-price debt deal

29.04.09
Punch Taverns boss Giles Thorley took a breather from bust-ups with fractious landlords to unveil another set of disposals and some progress on cutting £4.6 billion debts ... more

Punch vows to battle through slump after pub profits dive

14.01.09
Leisure: The strife in the pub trade shows little sign of easing, but Britain’s biggest landlord insists it will defy City predictions and trade through the gloom... more

Troubled waters ahead for these offshore havens

09.12.08
A few years ago, to escape the tyranny of a different newspaper, I moved to the Cayman Islands - the hedge fund capital of the world... more

First blood to the landlords in bar-room brawl with pubcos

09.12.08
Leisure: Like most pub brawls, it started with a dispute about who said what... more

£262m Punch upbeat on outlook for pubs

04.11.08
Consumer: Punch Taverns insisted that talk of the death of the British pub is wildly exaggerated as it unveiled resilient profits in the toughest trading environment for decades... more

Nomura to grab Lehman Europe

22.09.08
Banking: Hundreds of jobs at bust bank Lehman Brothers in Canary Wharf could be saved in a takeover, not by Barclays as expected, but by Nomura... more

It's heads the bankers win, and tails we lose

11.09.08
No wonder bankers take outrageous risks. If they come off, they can go and set up their own charitable foundation, and if they fail, everyone else pays the bill... more

Gordon fiddles while our home values burn

04.09.08
Alas, the poor Darling. He’s a pathetic sight, frantically touring the TV studios, trying to appear in charge, when everyone can see the strings on the puppet... more

Punch scraps its dividend as sales in pubs plummet

03.09.08
Leisure: Britain’s largest pubs company Punch Taverns scraps its dividend as the sector continues to reel from plummeting sales... more

New blow for pubs as MPs roll out a probe

26.06.08
Pub companies battered by the credit crunch, the smoking ban and the worst trading conditions for a decade woke up to another headache - a fresh Government investigation into the industry... more

Punch hit by smoke ban and economic downturn

24.04.08
There is little sign of the rehabilitation of the British pub as the effects of banishing smoking clientele to outside runs into an economic downturn... more

The shape of things to come

21.04.08
Economic power is shifting rapidly from the West to the emerging economies of Asia... more


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