Financial Times: Punch Taverns sets date for spin-off

Punch Taverns has confirmed that the spin-off of its managed estate from its highly indebted tenanted pubs business will take place at the beginning of next month, creating two separately listed companies.

The heavily indebted pub group in March announced its intention to split the managed pub business, known as Spirit, and the tenanted division, which retains the Punch name, and on Thursday confirmed that the two businesses would formally start trading from August 1.

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Pub Tales #1

Pub connoisseur John Porter recounts a night in his local pub, ‘Little Windsor’ in Sutton, Surrey…

I took a mate out for a couple of pints the other day to mark the occasion of his birthday.  I avoid the word ‘celebrate’ only because it was a significant birthday and he wasn’t exactly jumping for joy at the move into a new decade.

We picked a local pub to meet in rather that one in the town centre, mainly because it was end-of-exams week for school and colleges, and the high street was awash with excited young people flushed with the joys of life and anticipation of the future. They’ll learn, but it’s not the sort of thing you want when contemplating your mortality.

I won’t claim to be a regular in this particular pub. I was definitely in there the day the Task Force sailed for the Falklands, because I can still remember a bloke claiming to have a naval background explaining how the conflict would play out, using beermats and the salt and pepper shakers as visual aids.

I may have only been in a few time since, but the pub is close enough to home  that I was recognised by a few customers  at the bar, who were interested enough to seek my  views  on Martin Jol’s prospects as Fulham manager, and the chances of Britain ever producing a Wimbledon champion.

I’m pretty sure that neither I, my friend, nor anyone else on the pub said anything incisive or original  enough on either topic to be worth recording here. The point was, we had an interesting chat and my friend was able to put his woes aside long enough to get stuck into the debate.

Funnily enough, as we sat outside finishing our second pint, my son wandered past on his way to meet a few friends of his own in the aforementioned high street. He stopped to exchange a few words, but I formed the distinct impression he was keen to move on.  While he didn’t get home until some hours after me, I’m willing to bet the conversation at his pub wasn’t nearly as good as it was at mine.

 

 


Our Top Picks of Pubs to Watch the Tennis from

Murray Vs Nadal… what better excuse to head down to your local to cheer on the tennis in the sun! Here are our top 5 pubs to enjoy the tennis in.

Number 5: The Northcote, Clapham.

A lovely pub in Clapham, offering a great food menu and a wide selection of drinks. Leave your office early and head down in time to get a round in before the match begins. We recommend trying one of their imaginatively named beers such as Dog Fish Head or Timmermans Strawberry.

 

Number 4: The Famous 3 Kings, Fulham.     

The largest sports pub in London, you can support Britain from one of the three big screens, eleven plasmas or two TVs! We recommend a bottle of Heineken to quench your thirst.

 

 

Number 3: Durell Arms, Fulham.

Watch the drama unfold from this stylish pub in the heart of Fulham. With a large menu of food and drink this is the perfect setting for a long day of tennis-watching. We recommend a pitcher of Bulmers cider from the tap to enjoy with your friends.

 

 

Number 2: The Hand-in-Hand, Wimbledon Common.

With a charming beer garden to enjoy the sun and a vibrant atmosphere, the Hand-in-Hand pub is the perfect spot to enjoy the match. We recommend a pint of Sambrooks Wandle Ale to compliment the *fingers crossed* victory for Murray.

 

 

Number 1: The Common Room, Wimbledon Village.

In the heart of Wimbledon Village, the Common Room hosts large plasma TVs to enjoy the tennis from, and if the sun’s shining take your pint outside to the beer garden during the breaks! We recommend a glass (or jug) of Pimms to aid your cheering!