Look at it!

Our locals area manager told him today if he wants to buy the odd barrel in from elsewhere he'll turn a blind eye !

Anything to keep them open now goes as so many are folding.

My local in Reading is a delightful old-fashioned pub which will die when the tenants retire, I suspect, as they make the place. Good food at a sensible price, and reasonable drinks prices. It's a Wadworth pub. Our company has a permanent lunch time table reserved for whoever turns up.

Only thing keeping them going MM , good food .

Dil, a few years ago (5??) it used to be packed at lunchtimes (it's small, so that wasn't too hard). That's why the landlady used to reserve the largest table in her lounge bar for us, who were regulars. Now, it's really quiet many lunchtimes. The reason? The demise of many of the small office-based businesses in the area over the last few years who used the pub as their office canteen.

New small companies don't need offices -- they work from home over the Internet. The commercial property market is a dead duck, too. It's never going to come back.

it's such a cumulative effect on pubs generally, from the advent of tighter drink/driving laws to sky tv at home and now even social networking such as Facebook - we just don't need as much entertaining as we used to. It's sad. There is still nothing like a good night out in your ten locals with friends! :-))

Profits as bad as can be expected and the sp down 15% ..its a sad day.

Edit down 20%.

More and more are shutting round here , not suprised the results were crap.

I hope my pub stays open even if the village have to buy it from Punch.. now thats a great idea.

Yes, and who knows, the village could do a good deal in this environment mitzy. Perhaps they will pay you to take it away. If you don't ask you will not get.

I believe it happened at the Red Lion at Preston (Herts, not Lancs) many years ago and the pub has thrived.

I know Hertford well but I have never heard of Preston I may pay them a visit.. thanks.

Sunday papers say sell.

quite right .... yet another robt tchenguez (or however he spells it) company to go to the glue-makers

.

better late than never from the Sunday papers I guess! :-)

Enterprise and Punch both for the exit.

Punch Taverns Directorate Change





TIDMPUB

RNS Number : 4494M
Punch Taverns PLC
29 January 2009

?
PUNCH TAVERNS PLC
("Punch" or "the Group")




29th January 2009
Directorate Change

Punch Taverns plc announces that Jonathan Paveley, Commercial Director, will be
leaving the business in April 2009 and will step down from the Board with
immediate effect. The Board would like to express its gratitude to Jonathan for
everything he has achieved at Punch during his five year tenure with the Group
and wish him every success in his future career.

Giles Thorley, Chief Executive of Punch Taverns, commented:

"I would like to take this opportunity to thank Jonathan both personally and on
behalf of the Board for his highly successful leadership of the broad Commercial
agenda at Punch over the last 5 years. Jonathan will be leaving the business in
April with excellent Commercial contracts in place with a strong Sales &
Marketing ethos and with an exceptionally strong team".

Shares mag sells Sell today.

"Jonathan will be leaving the business in
April with excellent Commercial contracts in place with a strong Sales &
Marketing ethos and with an exceptionally strong team".

In general a marvellous outlook for the business, Jonathan, as the share price clearly reflects! :-)

Splat - to be honest - that was my reason for posting the rns - God only knows what the chart/sp would have looked like if his five year tenure hadn't been highly successful" :-)