Another fatcat banker has been let off with a fine instead of being prosecuted over insider trading allegations. The president says a commission's demand for it to be held remotely is to "protect" Joe Biden. ... company's leaders need to realise that getting drunk on squeezing publicans and punters will be counter productive to Punch’s long term health. VP debate: Did gender play a role in the interruptions? ABF says Brexit is good for business; Karhoo ride-hailing service closes after $250m funding; fashion retailer closes UK branches, Larger pubs, looking to reduce their debts, have allowed smaller groups to expand faster. Shares in troubled pubs company Mitchells & Butler s jumped yesterday as the City bet on a takeover battle for the owner of the Harvester and O'Neill's chains. HMV had its best Christmas ever despite the shrinking market for CDs and growing threat of the internet. 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Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use. Pub company Punch Taverns is to sell 158 mostly "non-core" pubs for £53.5m to investment trust New River Retail. [])-[])). The first possible offer of 174p a share has come from the Dutch brewer Heineken, which already owns about 1,100 UK pubs. Punch Taverns (LON:PUB) Share Price and News. Britain's biggest pub company has revealed a 20% slump in profits after spending #2million a month propping up struggling landlords. Shares in Punch, which owns 3,300 about pubs, jumped by 38% to 177.7p following the announcement, valuing the company at £380m. © 2020 BBC. South Korean tower block engulfed in flames, Belgian anaesthetist accused of causing Brit's death while drunk. Video, Former pro-surfer survives close call with shark, 'Today's the day our fathers bless us to be men' Video, 'Today's the day our fathers bless us to be men', Four Covid rules broken by the White House. The Scottish Licensed Trade Association expressed "grave concerns" over the possible deals. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Heineken sees higher profits but Carlsberg struggles, Punch Taverns to sell 158 'non-core' pubs, Wetherspoon ends UK Heineken drinks deal over Ireland row, Trump refuses to take part in virtual TV debate. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Heineken sees higher profits but Carlsberg struggles, Punch Taverns to sell 158 'non-core' pubs, Wetherspoon ends UK Heineken drinks deal over Ireland row, Trump refuses to take part in virtual TV debate. 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Cable in new bid to save vanishing British pubs by clamping down on, The Business Matrix: Wednesday 13 March 2013, The Business Matrix: Friday 26 October 2012, The Business Matrix: Thursday 25 October 2012, Spirit set to cheer pub market with rise in profits despite the gloom, Biggest scalp in purge and the other culprits, Broker in Punch Taverns insider trading storm to accept fine, Soaring Spirit shows there is still life in pubs, Spirit's Dyson to leave on a profits high, Derek Pain: G4S's strike at ISS has flummoxed the market, The Week Ahead: Analysts predict strong revenue for Imagination, Derek Pain: Much to encourage after enduring a shaky final quarter, M&S's Rose receives £4.3m in final year, The Week Ahead: GKN set for update on Japanese earthquake, Punch sinks to £350m loss after writedowns, The Business Matrix: Monday 11 April 2011, Chief executive at Punch Taverns quits after nine years, Investment Column: This company looks Punch drunk, so sell, Market Report: Snow worries fail to push pub groups out in the cold, Punch to sell thousands of pubs after debts soar, Spirit toasts revamped pubs and food in final quarter, The Week Ahead: Bwin.party investors in no mood to celebrate, The Week Ahead: Home Retail looks to DIY to offset woes at Argos, The Business On: Stephen Billingham, chairman-elect, Punch Taverns, Miliband wades into battle over 'beer tie', Market awaits indebted Punch's strategic review, Pizza Express founder makes bid for Lloyds bank branches, Former analyst fined over instant message, Market Report: Legal & General benefits from regulatory changes, Extra 20% off Sale items with this ASOS discount code, 5% off Travelodge discount when you sign up for the newsletter, Eve Sleep sale: save up to 50% on selected items, Up to 40% off selected restaurants at Just Eat, Take 30% off new-in fashion with our boohoo discount code, Take up to 20% off local deals by using this Groupon discount code, CDKeys Sale!