LONDON (Alliance News) - The UK government Tuesday said pub tenants will get more rights to challenge rent increases, part of its effort to tackle claims that the tenant publicans are struggling to make a decent living due to high charges imposed by the pub owners. The new rules cover so-ca Read More

Punch Taverns In Deal To Sell Five More Central London Pubs

3rd Jun 2014 07:44

LONDON (Alliance News) - Punch Taverns PLC Tuesday said it has reached a deal to sell five central London pubs to Manica Properties Ltd for a total of GBP9.7 million, part of a continuing programme to offload its worst-performing pubs. In a statement, the company said the pubs are all freeh Read More

UK MORNING BRIEFING: Shares Open Lower Ahead Of European CPI

3rd Jun 2014 07:25

LONDON (Alliance News) - UK shares have opened marginally lower Tuesday ahead of European data seen as having a possible influence on Thursday's European Central Bank meeting. Wolseley leads the FTSE 100 gainers after reporting a strong third quarter. It is up 2.3%. < Read More

UK BROKER RATINGS: Berenberg Cuts Vodafone To Hold

28th May 2014 09:17

LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning: ---------- FTSE 100 ---------- TRADERS: BERNSTEIN CUTS PRICE TARGET ASTRAZENECA TO 4400 (5000) PENCE ---------- DEUTSCHE BANK RAISES ASTRAZENECA Read More

UK BROKER RATINGS: SocGen Downgrades AstraZeneca To Sell

27th May 2014 09:19

LONDON (Alliance News) - The following UK shares received analyst recommendations since Friday afternoon: ---------- FTSE 100 ---------- JPMORGAN ADDS ROYAL MAIL TO 'ANALYST FOCUS LIST' - OVERWEIGHT ---------- SOCGEN CUTS ASTRAZENECA TO 'SELL' (' Read More

Punch Taverns Shares Drop On Dilution In Debt Restructuring Proposal

27th May 2014 08:56

LONDON (Alliance News) - Pub operator Punch Taverns PLC saw a quarter of the value wiped off its shares early Tuesday, after it said it has received a debt restructuring proposal from a group of its creditors which would reduce the group's total net debt by around GBP0.6 billion but significantly Read More

UK MORNING BRIEFING: Shares Higher With AVEVA Leading FTSE 250

27th May 2014 07:36

LONDON (Alliance News) - UK shares have opened higher Tuesday, catching up with gains made during the bank holiday Monday in Asia and Europe. The mid-cap FTSE 250 is outperforming once again, led by AVEVA Group, which raised its total dividend and expressed confiden Read More

Punch Taverns Sells Four Pubs In Central London For GBP6.7 Million

19th May 2014 09:18

LONDON (Alliance News) - Pub operator Punch Taverns PLC Monday said it has reached an agreement to sell four of its pubs in central London to Morgana Ltd for a total of GBP6.7 million. Punch Taverns said it will receive cash from the disposals, and will use the net proceeds to reduce its de Read More

UK MORNING BRIEFING: AstraZeneca Depresses FTSE 100 On Bid Rejection

19th May 2014 07:36

LONDON (Alliance News) - UK shares have opened starkly mixed Monday, with the FTSE 100 dragged down by AstraZeneca, while the mid-cap FTSE 250 is higher. AstraZeneca, down 13% at the open, rejected a final GBP69 billion takeover proposal from Pfizer Inc, potentially Read More

Punch Taverns Noteholders Vote In Favour Of Waiver Requests

30th Apr 2014 13:40

LONDON (Alliance News) - Punch Taverns PLC Wednesday said that noteholders of its its Punch A and Punch B securitisations voted in favour of waiver requests, giving it more time to get a deal with its creditors for a broad restructuring of its debt pile. The pub operator had been in extensi Read More

Punch Taverns First-Half Loss Widens; Books Hefty Capital Restructuring Charges

15th Apr 2014 09:09

LONDON (Alliance News) - Pub operator Punch Taverns PLC Tuesday reported a drop in revenues and significantly widened its losses in the first half of the year, as its continued to close and sell off pubs in its non-core estate, and booked hefty charges related to its capital restructuring. Read More

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