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| Fri 16:03 | RNS |
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RNS Number : 8747C Punch Taverns PLC 20 November 2009 Punch Taverns plc (the "Company") 20 November 2009
VOTING RIGHTS AND CAPITAL In conformity with the Transparency Directive's transitional provision 6 and further to the announcement made on 22 October 2009, we would like to notify the market of the following: The Company's issued share capital consists of 642,369,550 Ordinary shares with voting rights. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 642,369,550. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. Date of Notification: 20 November 2009 Name of contact and telephone number for queries: Claire Stewart Deputy Company Secretary Punch Taverns plc Tel: 01283 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| Wed 18:14 | RNS |
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RNS Number : 7366C Shepherd Neame Limited 18 November 2009 Shepherd Neame Limited The following share transaction has been notified to the Company: On 18 November 2009 Mr M H Templeman notified the Company that on Wednesday 18 November 2009 he acquired a further 1,983 *A* Ordinary Shares at a price of £9.95 per share.
As a result of the above transaction the beneficial interest in "A" Ordinary Shares held by Mr M H Templeman and his connected parties increased from 1,922 "A" Ordinary Shares (0.02%) to 3,905 "A" Ordinary Shares (0.03%). The Directors of Shepherd Neame Limited accept responsibility for this announcement. 18 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| Tue 04:32 | AFX UK Focus |
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Daily Telegraph
ALCHEMY TURNS BACK ON ANY NEW DEALS Alchemy has no plans for new investments and is effectively being run down. Alchemy will make only bolt-on additions to existing portfolio companies and no further fund-raising will be sought in the foreseeable future. Observers believe the private equity firm will likely sell off assets and return cash to investors, just as optimism begins to return to the private equity sector. A source at Alchemy said it is currently in "pause-mode", with the decision being made by the management, rather than being forced by investors.
SVG HIGHLIGHTS BRIGHTER OUTLOOK FOR PRIVATE EQUITY SVG Capital has reported a more positive market for asset sales is being enjoyed by private equity firms. SVG's private equity assets, which account for 13 percent of its portfolio, were written up by 55 percent since June, increasing by 26.5 million pounds to 75 million pounds. SVG said in its interim management statement: "We believe that the prospects for realisation activity, particularly for the more mature and defensive investments, are improving."
FORMER OWNERS FACE THRESHERS LIABILITY Punch Taverns and Whitbread could be forced to take over Threshers stores following the collapse of First Quench Retailing -- the group which owned the wine retailer. Punch and Whitbread previously owned First Quench, and although administrator KPMG has yet to quantify how many off licences could be forced into their ownership both companies said they believed the number would not be "material". KPMG is believed to have received numerous offers for small groups of stores, with a dozen bidders interested in acquiring a larger part of the group. The Independent
LLOYDS TO RESCUE DEBT-LADEN ADMIRAL Lloyds Banking Group is attempting to bring about a financial restructuring of the troubled pubs group Admiral Taverns, which may include a 600 million pound debt-for-equity swap. Although such a deal will not give Lloyds a majority stake in Admiral, it would effectively give it ownership of the company. In order to enable Admiral to continue trading, Lloyds is understood to be considering a pre-pack administration deal which could be unveiled this week. PERSIMMON EXPECTS "HEALTHY" ORDER BOOK Despite warning about the effect that high unemployment and a lack of mortgage availability will have on the property market, the housebuilder Persimmon has reported it has extended its good performance over the summer into the autumn. With the average price of homes reserved since July 1 2009 up six percent to 173,000 pounds, the company expects to retain a "healthy" order book into 2010. Net debt at the firm also fell from 960 million pounds to 399 million pounds during the year to the end of October.
130 STAFF LOSE JOBS AT MEALS-ON-WHEEL FIRM The meals-on-wheels company Flowfood has collapsed with the loss of 130 jobs, after no buyer was willing to come forward for the Leeds-based business. Flowfood worked with seven councils -- Gateshead, Salford, Staffordshire, Milton Keynes, Oxford, St. Helens and East Riding -- to provide food for vulnerable people. Its demise has meant councils have had to fall back on emergency supplies of ready meals. Staffordshire and Milton Keynes councils said they have managed to make alternative arrangements with another supplier. The Guardian SLASHING PUBLIC SPENDING WILL LEAD TO A "ZOMBIE ECONOMY" The general secretary of the TUC, Brendan Barber, has warned against cutting public spending too dramatically at the "Beyond Crisis" conference on how to revitalise the British economy. While allowing that the UK's national debt would have to be reduced in the long-term, Barber said premature action to cut the deficit could result in a slower recovery and a "lost decade" similar to that that experienced by Japan in the 1990s.
MINIDRESSES GIVE A LIFT TO ASOS SALES The online fashion retailer Asos has reported an impressive 112 percent rise in its overseas sales during the six months to September 30 2009, with sales growth in the UK at a relatively mediocre 33 percent. Total first-half profits at the group amounted to 4.4 million pounds, a nine percent rise on the previous year which exceeded market expectations. The chief executive Nick Robertson said he was "cautiously optimistic" about the second half of the year, but warned that demand in Britain for its products is trailing off.
DRINKERS' NEW WORLD SYMPATHY LIFTS PROFITS AT MAJESTIC The wine warehouse chain Majestic Wine has reported a nine percent increase in first-half profits to 6.1 million pounds, with like-for-like sales rising 5.4 percent in the 26 weeks to September 28. The company noted that drinkers have developed a tendency to buy cheaper wines from North America, and Prosecco instead of champagne. Shares in Majestic rose 3.7 percent, and finished the day at 254 pence. The Times
J SAINSBURY DISPUTES REPORT THAT IT IS LOSING MARKET SHARE J Sainsbury has reacted against a report that it is losing customers to its rivals, saying that it had gained share during the 12 weeks to November 1. The normally confidential switching data report was published by The Times on Monday, and showed customers moving to Tesco, Waitrose and Aldi, totalling a loss of about 8.5 million pounds to Sainsbury. TNS Worldpanel, the company responsible for the report, says market share data like this is subject to ebbs and flows and is strategically unimportant.
BA TURNS UP TEMPERATURE ON CABIN CREW British Airways has written a letter to the joint secretaries of Unite, saying it will not tolerate union members promoting strike action at work and would consider pressing criminal charges against anyone found putting stickers on the company's property. It is another sign of the fraught relationship between BA bosses and its workers in advance of the upcoming strike ballot. The company is attempting to cut 4,000 full-time jobs by reducing the number of cabin crew on its flights, a move met with resistance from the union.
Prepared for Reuters by Durrants
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| Mon 18:08 | RNS |
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RNS Number : 5991C Shepherd Neame Limited 16 November 2009 Shepherd Neame Limited The following share transaction has been notified to the Company: On 16 November 2009 Mr J B Neame notified the Company that on Friday 13 November 2009 he acquired a further 1,000 "A" Ordinary Shares at a price of £9.95 per share. As a result of the above transaction the beneficial interest in "A" Ordinary Shares held by Mr J B Neame and his connected parties increased from 68,909 "A" Ordinary Shares (0.60%) to 69,909 "A" Ordinary Shares 0.61%. The Directors of Shepherd Neame Limited accept responsibility for this announcement. 16 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| Mon 12:02 | RNS |
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RNS Number : 5633C Punch Taverns PLC 16 November 2009 Punch Taverns Plc - Notice of posting of Annual report and AGM Punch Taverns Plc has today posted its 2009 Annual Report and Financial Statements. The company also hereby provides notice that it will hold its Annual General Meeting at 2:30pm on 16 December 2009. All documents can be found online at; http://www.punchtaverns.com/Punch/Corporate/Investor+Centre/Company+repor ts/ This information is provided by RNS The company news service from the London Stock Exchange END
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| 13-11-09 | RNS |
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RNS Number : 4785C Punch Taverns PLC 13 November 2009 Punch Taverns plc (the "Company") 13 November 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to
3. Full name of person(s) subject to the notification obligation: HSBC Holdings Plc 4. Full name of shareholder(s) (if different from 3): HSBC Global Asset Management (France)
LOUVRE GESTION Sinopia Asset Management (UK) Limited HSBC Bank plc 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 10 November 2009 6. Date on which issuer notified: 12 November 2009 7. Threshold(s) that is/are crossed or reached: 6% 8. Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A Proxy Voting: 10. Name of the proxy holder:
N/A 11. Number of voting rights proxy holder will cease to hold:
N/A 12. Date on which proxy holder will cease to hold voting rights:
N/A 13. Additional information: None 14. Contact name: Claire Stewart, Deputy Company Secretary 15. Contact telephone number: (01283) 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | RNS |
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RNS Number : 2759C Punch Taverns PLC 10 November 2009 Punch Taverns plc (the "Company") 10 November 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to
3. Full name of person(s) subject to the notification obligation: Deutsche Bank AG 4. Full name of shareholder(s) (if different from 3): 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 6 November 2009 6. Date on which issuer notified: 9 November 2009 7. Threshold(s) that is/are crossed or reached: 3% 8. Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Julie McKenzie, PA to Finance Director 15. Contact telephone number: (01283) 501 703 This information is provided by RNS The company news service from the London Stock Exchange END
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| 09-11-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 1846C
Punch Taverns PLC
09 November 2009
BLOCK LISTING SIX MONTHLY RETURN
Date: 9 November 2009
Name of applicant: Punch Taverns plc
Name of scheme: Deferred Share Bonus Plan ("DSB")
Period of return: From: 10-May-09 To: 09-Nov-09
Balance of unallotted securities under scheme(s) from previous return: 63,154
Plus: The amount by which the block scheme(s) has been increased since -
the date of the last return (if any increase has been applied for):
Less: Number of securities issued/allotted under scheme(s) during period -
(see LR3.5.7G):
Equals: Balance under scheme(s) not yet issued/allotted at end of 63,154
period:
Other information:
Name of contact: Claire Stewart, Deputy Company Secretary
Telephone number of contact: 01283 501 858
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 05-11-09 | RNS |
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RNS Number : 0823C Shepherd Neame Limited 05 November 2009 Shepherd Neame Limited The following share transactions have been notified to the Company: On 28 October 2009, Mr K R Littlefair notified the Company that on that date he exercised the following share options granted to him by the Company in respect of the Company's "A" Ordinary Shares. The mid price at the close of business on 27 October 2009 was £8.75:
31 October 2003 over 514 shares - Option price £0.0001 29 October 2004 over 296 shares - Option price £0.0100 27 October 2006 over 466 shares - Option price £1.0000 31 October 2003 over 386 shares - Option price £0.0100 29 October 2004 over 148 shares - Option price £0.0100 In addition Mr Littlefair advised that he had acquired beneficial ownership of 1,045 "A" Ordinary Shares in accordance with the rules of the Company's Share Incentive Plan. Mr Littlefair had no previous shareholding in the Company and the above transactions result in a beneficial holding of 4,153 "A" shares (0.02% of the "A" Ordinary Share Capital). On 4 November 2009, Mr N J Bunting notified the Company that on that date he exercised the following share options granted to him by the Company in respect of the Company's "A" Ordinary Shares. The mid price at the close of business on 3 November 2009 was £9.5750:
31 October 2003 over 242 shares - Option price £0.0001 29 October 2004 over 153 shares - Option price £0.0100 27 October 2006 over 308 shares - Option price £1.0000 As a result of the above transaction the beneficial interest in "A" Ordinary Shares held by Mr Bunting and his connected parties increased from 6,889 shares (0.06%) to 7,592 shares (0.07%). On 4 November 2009, Mr G H A Barnes notified the Company that on that date he exercised the following share options granted to him by the Company in respect of the Company's "A" Ordinary Shares. The mid price at the close of business on 3 November 2009 was £9.5750:
27 October 2006 over 388 shares - Option price £1.0000 As a result of the above transaction the beneficial interest in "A" Ordinary Shares held by Mr Barnes and his connected parties increased from 16,884 shares (0.14%) to 0.15%. The Directors of Shepherd Neame Limited accept responsibility for this announcement. 05 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 04-11-09 | RNS |
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RNS Number : 9249B Shepherd Neame Limited 04 November 2009 Shepherd Neame Limited The following share transaction has been notified to the Company: On 3 November 2009 Mr J B Neame notified the Company that on Monday 2 November 2009 he acquired a further 2,200 "A" Ordinary Shares at a price of £9.50 per share. As a result of the above transaction the beneficial interest in "A" Ordinary Shares held by Mr J B Neame and his connected parties increased from 0.58% of the "A" share capital to 0.60%. The Directors of Shepherd Neame Limited accept responsibility for this announcement. 04 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 03-11-09 | RNS |
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RNS Number : 8746B Punch Taverns PLC 03 November 2009 Punch Taverns plc (the "Company") 3 November 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights: Other (please specify):
3. Full name of person(s) subject to the notification obligation: Standard Life Investments Ltd 4. Full name of shareholder(s) (if different from 3): Vidacos Nominees 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 2 November 2009 6. Date on which issuer notified: 3 November 2009 7. Threshold(s) that is/are crossed or reached: 5% 8 Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Claire Stewart, Deputy Company Secretary 15. Contact telephone number: (01283) 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| 02-11-09 | RNS |
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RNS Number : 7827B Shepherd Neame Limited 02 November 2009 Shepherd Neame Limited The following share transactions have been notified to the Company: On 29 October the Company approved the acquisition by Mr G H A Barnes of 1,550 "B" Ordinary Shares in the Company at a price of 50 pence per share. Shepherd Neame "B" Ordinary Shares, each with a nominal value of 2p, are not traded on any exchange and transfers can only take place between direct descendants of Percy Beale Neame and in accordance with the Company's Articles of Association. There are currently 68,000,000 "B" Ordinary Shares in issue and the transaction above formed part of a sale of 50,000 "B" shares approved by the Board on 29 October 2009. As a result of the above transaction the beneficial interest in "B" Ordinary Shares held by Mr G H A Barnes and his connected parties remained unchanged at 0.09%. In addition, on 30 October 2009, Mr M H Templeman notified the Company that on that date he acquired 1,922 "A" Ordinary Shares at an average price of £8.85 per share. This transaction was approved by the Board on that date. Mr Templeman had no previous shareholding in the Company and this transaction results in a beneficial holding of under 0.02% of the "A" Ordinary Share Capital. The Directors of Shepherd Neame Limited accept responsibility for this announcement. 2 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-10-09 | RNS |
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RNS Number : 6671B Punch Taverns PLC 30 October 2009 Punch Taverns plc (the "Company") 30 October 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to
3. Full name of person(s) subject to the notification obligation: Credit Suisse Group AG 4. Full name of shareholder(s) (if different from 3): Credit Suisse Securities (Europe) Limited Credit Suisse International Credit Suisse Credit Suisse UK Ltd 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 28 October 2009 6. Date on which issuer notified: 30 October 2009 7. Threshold(s) that is/are crossed or reached: 5% 8 Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 1. Credit Suisse Group AG 2. Credit Suisse 2.1 Credit Suisse Securities (Europe) Ltd 2.2 Credit Suisse International 2.3 Credit Suisse UK Ltd Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Notification no longer required in accordance with DTR 5.1.3.R.(4)(b) 14. Contact name: Claire Stewart, Deputy Company Secretary 15. Contact telephone number: (01283) 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-10-09 | RNS |
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RNS Number : 6660B Punch Taverns PLC 30 October 2009 Punch Taverns plc (the "Company") 30 October 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to X
3. Full name of person(s) subject to the notification obligation: Glenview Capital Management, LLC 4. Full name of shareholder(s) (if different from 3): 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 27 October 2009 6. Date on which issuer notified: 29 October 2009 7. Threshold(s) that is/are crossed or reached: 8%
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Larry Robins, the CEO of Glenview Capital Management, LLC ("Glenview"), is the ultimate controller of Glenview. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Claire Stewart, Deputy Company Secretary 15. Contact telephone number: (01283) 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| 28-10-09 | RNS |
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RNS Number : 5458B Shepherd Neame Limited 28 October 2009 Shepherd Neame Limited The following share transactions have been notified to the Company: On 27 October Mr J B Neame notified the Company that on 23 October 2009 he acquired 1,791 "A" Ordinary Shares at a price of £8.55 per share. In addition, on 27 October 2009, Mr J B Neame exercised the options granted to him on 27 October 2006 to acquire 622 "A" Ordinary Shares at an option price of £1.00 per share. The market price on the close of business on 27 October 2009 and recorded for the transaction was £8.75 per share. As a result of the above two transactions the beneficial interest in "A" Ordinary Shares held by Mr J B Neame and his connected parties increased from 0.56% of the "A" share capital to 0.58%. The Directors of Shepherd Neame Limited accept responsibility for this announcement. 28 October 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 28-10-09 | RNS |
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RNS Number : 5125B Punch Taverns PLC 28 October 2009 Punch Taverns plc (the "Company") 28 October 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to
3. Full name of person(s) subject to the notification obligation: Credit Suisse Group AG 4. Full name of shareholder(s) (if different from 3): Credit Suisse Securities (Europe) Limited Credit Suisse International Credit Suisse Credit Suisse UK Ltd 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 26 October 2009 6. Date on which issuer notified: 27 October 2009 7. Threshold(s) that is/are crossed or reached: 5% 8 Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 1. Credit Suisse Group AG 2. Credit Suisse 2.1 Credit Suisse Securities (Europe) Ltd 2.2 Credit Suisse International 2.3 Credit Suisse UK Ltd Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Claire Stewart, Deputy Company Secretary 15. Contact telephone number: (01283) 501 858 This information is provided by RNS The company news service from the London Stock Exchange END
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| 27-10-09 | AFX UK Focus |
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Oct 27 (Reuters) - Punch Taverns PLC:
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 27-10-09 | RNS |
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RNS Number : 4671B Punch Taverns PLC 27 October 2009 Punch Taverns plc (the "Company") 27 October 2009
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Punch Taverns plc 2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in
An acquisition or disposal of instruments with similar economic effect to
3. Full name of person(s) subject to the notification obligation: Credit Suisse Group AG 4. Full name of shareholder(s) (if different from 3): Credit Suisse Securities (Europe) Limited Credit Suisse International Credit Suisse Credit Suisse UK Ltd 5. Date of the transaction (and date on which the threshold if crossed or reached if different): 23 October 2009 6. Date on which issuer notified: 26 October 2009 7. Threshold(s) that is/are crossed or reached: Below 5% 8 Notified details:
possible using the ISIN CODE
Resulting situation after the triggering transaction
N/A N/A N/A N/A N/A B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 1. Credit Suisse Group AG 2. Credit Suisse 2.1 Credit Suisse Securities (Europe) Ltd 2.2 Credit Suisse International 2.3 Credit Suisse UK Ltd Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Notification no longer required in accordance with DTR 5.1.3.R. (4) (b) 14. Contact name: Julie McKenzie, PA to Finance Director 15. Contact telephone number: (01283) 501 703 This information is provided by RNS The company news service from the London Stock Exchange END
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| 27-10-09 | AFX UK Focus |
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Oct 27 (Reuters) -
with overweight ratings ratings (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 25-10-09 | AFX UK Focus |
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Mail on Sunday
VODAFONE DENIES CORRUPTION CLAIMS Vodafone will fight any allegations of irregularities in its acquisition of a majority stake in Ghana Telecom when an inquiry commissioned by the Ghanaian government is published this week. Vodafone has fully co-operated with the investigation of its 450 million pound purchase. However, leaked documents claiming to be extracts from the report have alleged that the company underpaid for the stake and that the government received a fraction of the sale price. Vodafone said: "We have seen excerpts. There are things in there that we are amazed at and we look forward to publication so we can provide rebuttals."
SALES AT WPP SHOW AN END TO THE DECLINE Although the marketing services group WPP is next week expected to release third quarter results showing a further fall in sales, the rate of decline is believed to be slowing. WPP is likely to report a fall of around 9.3 percent in revenue during the quarter, an improvement on the 10.5 percent drop during the second quarter. Chief executive Sir Martin Sorrell remains cautious about the prospect of a sustained upturn, although he has stated that "a recovery of sorts" is expected in 2010.
THREATS TO BASSETT CROSS FIRM The Institute of Chartered Accountants has warned accountancy firm Vantis that it may have to answer for the dubious activities of former partner Ronald Bassett Cross. Bassett Cross is accused of misappropriating assets belonging to the G St. Pierre Harris Will Trust, selling a friend a portfolio of properties (also belonging to the trust) in a "sweetheart" deal and lying about the matter to an investigator from the ICA. Sunday Times
SIMPLE WILL CLEAN UP IN 250M POUND SOAP SALE Duke Street Capital has placed Simple up for sale with a price tag of more than 250 million pounds. Duke Street has received a number of unsolicited approaches for Britain's third largest facial skincare brand over the past year, and the private equity firm has hired Goldman Sachs to run an auction process. The sale would lead to a further windfall for the senior management team, led by chief executive Geoff Percy and finance director Peter Hatherly, who have already led two buyouts.
CENTRICA TO SEAL 400 MILLION POUNDS WIND DEAL Centrica is set to pocket 400 million pounds from selling half its stake in Lynn and Inner Dowsing wind farm off the Lincolnshire coast, as part of a wide-ranging programme of asset sales that Sam Laidlaw, chief executive, launched in July. Centrica is selling assets to raise money for investments in gas storage projects, new nuclear plants and offshore wind farms. Credit Suisse was hired several months ago to find a buyer and it is understood that a deal has now been completed with an infrastructure fund that will buy an equity stake.
JD PLOTS 42 MILLION POUNDS FOOTBALL COUP JD Sports is preparing to gatecrash the 42.5 million pound takeover of AIM-listed Powerleague. The sports fashion chain is understood to be taking advice from bankers at Investec over purchasing Britain's biggest operator of five-a-side football centres. Powerleague has already agreed a takeover by Patron Capital, which owns 29 per cent of the shares and has the backing of management and independent directors. Investors are due to vote on the deal at an extraordinary meeting next month.
SHAREWATCH Punch Taverns (Best to give this one a miss) Sunday Telegraph
FORENSICS GROUP ON THE BLOCK LGC has been put for sale by Legal & General Ventures for 200 million pounds, more than double the 80 million pounds the private equity owner paid for the forensic sciences group in 2003. A successful sale would represent a mark-up in value of a company that raised just three million pounds when it was privatised in 1996, highlighting the growth of the industry. L&G Ventures has appointed KPMG to find a buyer for LGC, with initial interest believed to be strong.
CASINO SET TO RAKE IN 10 MILLION POUNDS London Clubs International is in advanced talks to finalise the sale of the Fifty casino in Mayfair for around 10 million pounds. LCI, which is owned by debt-ridden American gambling giant Harrah's, has halted gaming at the venue recently to avoid trading volatility as LCI thrashes out the "complex" terms of the sale of the St James Street venue, which it co-owns with Robert Earl, the Planet Hollywood restaurant entrepreneur. LCI was bought by Harrah's for 279 million pounds and is one of the country's largest casino operators. SHOT IN THE ARM FOR DRUG COMPANIES Sales of swine flu vaccines are expected to deliver a big boost to Britain's drug companies in the final three months of 2009. GlaxoSmithKline has taken a prominent role in developing a vaccine, Pandemrix, for the fight against H1N1 and has taken orders for 440 million doses. The consensus among analysts in the UK is that GSK will register one billion pounds in sales for Pandemrix in the fourth quarter and 180 million pounds from Relenza in the third and fourth quarters.
SUNDAY QUESTOR Dechra Pharmaceuticals (Buy) Cape (Buy) VinaCapital Vietnam Opportunities Fund (Buy) Independent on Sunday
STANDARD LIFE LOOKS TO SELL ITS CANADIAN INSURANCE BUSINESS Standard Life has reportedly asked its advisers to review the insurer's Canadian business with a view to a possible sale. "Everyone needs some firepower in this market and Standard Life, which frankly looks a little vulnerable, could get it with a sale. But it's early days," said a source. It is also likely that Standard Life Bank could be sold to Barclays for as much as 300 million pounds. Although Standard Life's Canadian business posted a 102 million pound loss last year, based on IFRS accounting standards, the group has since improved. Oriel Securities analyst Marcus Barnard believes the business will post underlying profits of 70 million pounds in 2010, based on the same standards.
FLOORS-2-GO SEEKS MORE INVESTMENT TO CARPET ITS GROWTH Flooring retailer Floors-2-Go is close to confirming an injection of capital from new backers, after being saved from extinction in 2008 following a pre-pack administration. The group, based in Birmingham, is conducting a beauty parade of venture capital investors. It is likely to seek as much as five million pounds in growth capital to help fund expansion plans. A spokesman for Floors-2-Go was unavailable to comment, but a source close to the process said its "numbers look pretty good. They are benefiting from people improving their homes rather than moving. It's a good business". CHIME CLOSE TO DEAL TO BUY PELHAM PR FIRM AND MERGE IT WITH. PR firm Chime is on course to acquire Pelham, the public relations group. The listed company, led by former Tory spin doctor Lord Bell, is likely to merge Pelham with the City operation of Bell Pottinger. Last year Pelham appointed former Telegraph newspapers chief executive Jeremy Deeds as non-executive director. It acquired sports marketing group Essentially last month for 18 million pounds, and saw shares rocket to 211 pence on Friday. The stock is up from just 81 pence this time last year. The Observer BOSSES TOLD: GIVE STAFF RIGHT TO GO PART-TIME Government ministers are considering the extension of flexible working laws in an attempt to make employers offer more part-time jobs to working parents. The work and pensions secretary Yvette Cooper has criticised the lack of "good quality part-time jobs", and would like businesses advertising full-time jobs in unemployment offices to think about offering them to job sharers or part time workers. Business lobbies, however, are likely to oppose the move.
STOBART TO GO GREEN WITH FOOD DELIVERIES BY ECO-TRAIN Refrigerated rail containers are to pass through the Channel rail tunnel for the first time, thanks to the transport company Eddie Stobart. The low-carbon train will carry a cargo of fruit and vegetables from Valencia to Dagenham in east London. The company has stated that this trip alone will mean that 30 of its lorries will not have to make the trip, drastically reducing carbon emissions. In the past, high charges and a lack of co-operation amongst European rail networks have scuppered attempts to open rail freight networks.
CALL FOR BANK CHIEFS TO FACE PERSONAL FINES ON MIS-SELLING The chairman of the Financial Services Consumer Panel, Adam Phillips, has called for senior executives at banks which have mis-sold payment protection insurance policies to be punished with a personal fine. So far, the most significant figure to be fined has been the chief executive of Land of Leather, who had to pay 14,000 pounds, but if Mr. Phillips' proposal is acted upon then the chief executives of the retail divisions of large banks such as Lloyds Banking Group, Barclays and Royal Bank of Scotland could face retribution. Prepared for Reuters by Durrants Mail on Sunday
VODAFONE DENIES CORRUPTION CLAIMS Vodafone will fight any allegations of irregularities in its acquisition of a majority stake in Ghana Telecom when an inquiry commissioned by the Ghanaian government is published this week. Vodafone has fully co-operated with the investigation of its 450 million pound purchase. However, leaked documents claiming to be extracts from the report have alleged that the company underpaid for the stake and that the government received a fraction of the sale price. Vodafone said: "We have seen excerpts. There are things in there that we are amazed at and we look forward to publication so we can provide rebuttals."
SALES AT WPP SHOW AN END TO THE DECLINE Although the marketing services group WPP is next week expected to release third quarter results showing a further fall in sales, the rate of decline is believed to be slowing. WPP is likely to report a fall of around 9.3 percent in revenue during the quarter, an improvement on the 10.5 percent drop during the second quarter. Chief executive Sir Martin Sorrell remains cautious about the prospect of a sustained upturn, although he has stated that "a recovery of sorts" is expected in 2010.
THREATS TO BASSETT CROSS FIRM The Institute of Chartered Accountants has warned accountancy firm Vantis that it may have to answer for the dubious activities of former partner Ronald Bassett Cross. Bassett Cross is accused of misappropriating assets belonging to the G St. Pierre Harris Will Trust, selling a friend a portfolio of properties (also belonging to the trust) in a "sweetheart" deal and lying about the matter to an investigator from the ICA. Sunday Times
SIMPLE WILL CLEAN UP IN 250M POUND SOAP SALE Duke Street Capital has placed Simple up for sale with a price tag of more than 250 million pounds. Duke Street has received a number of unsolicited approaches for Britain's third largest facial skincare brand over the past year, and the private equity firm has hired Goldman Sachs to run an auction process. The sale would lead to a further windfall for the senior management team, led by chief executive Geoff Percy and finance director Peter Hatherly, who have already led two buyouts.
CENTRICA TO SEAL 400 MILLION POUNDS WIND DEAL Centrica is set to pocket 400 million pounds from selling half its stake in Lynn and Inner Dowsing wind farm off the Lincolnshire coast, as part of a wide-ranging programme of asset sales that Sam Laidlaw, chief executive, launched in July. Centrica is selling assets to raise money for investments in gas storage projects, new nuclear plants and offshore wind farms. Credit Suisse was hired several months ago to find a buyer and it is understood that a deal has now been completed with an infrastructure fund that will buy an equity stake.
JD PLOTS 42 MILLION POUNDS FOOTBALL COUP JD Sports is preparing to gatecrash the 42.5 million pound takeover of AIM-listed Powerleague. The sports fashion chain is understood to be taking advice from bankers at Investec over purchasing Britain's biggest operator of five-a-side football centres. Powerleague has already agreed a takeover by Patron Capital, which owns 29 per cent of the shares and has the backing of management and independent directors. Investors are due to vote on the deal at an extraordinary meeting next month.
SHAREWATCH Punch Taverns (Best to give this one a miss) Sunday Telegraph
FORENSICS GROUP ON THE BLOCK LGC has been put for sale by Legal & General Ventures for 200 million pounds, more than double the 80 million pounds the private equity owner paid for the forensic sciences group in 2003. A successful sale would represent a mark-up in value of a company that raised just three million pounds when it was privatised in 1996, highlighting the growth of the industry. L&G Ventures has appointed KPMG to find a buyer for LGC, with initial interest believed to be strong.
CASINO SET TO RAKE IN 10 MILLION POUNDS London Clubs International is in advanced talks to finalise the sale of the Fifty casino in Mayfair for around 10 million pounds. LCI, which is owned by debt-ridden American gambling giant Harrah's, has halted gaming at the venue recently to avoid trading volatility as LCI thrashes out the "complex" terms of the sale of the St James Street venue, which it co-owns with Robert Earl, the Planet Hollywood restaurant entrepreneur.
LCI was bought by Harrah's for 279 million pounds and is one
of the country's largest casino operators.
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