Bottoms up for the pub market

Article Abstract:

Tenanted pubs are attracting interest from investors in the United Kingdom. Managed pubs were initially fashionable as new entrants enlivened the market by opening large pubs and obtaining discounts on beer. Grovebase Properties has acquired 1,428 pubs from Bass, and most of these are tenanted. Nomura bought Spring Inns and Inntrepreneur in Sep 1997 through Grand Pub Co, its subsidiary. The interest shown in tenanted pubs is due to the possibility of securitization of the pubs' revenues, which can bring major gains.

Drinking places, Drinking Places (Alcoholic Beverages), United Kingdom, Bars, saloons, etc., Bars (Drinking establishments), Asset-backed securities, Asset backed securities

---

Lloyds jumps to the top

Article Abstract:

Lloyds Bank will merge with TSB giving rise to the largest UK bank measured by market capitalization. Lloyds will hold a stake of 70.6% in the new bankwhich will have 135.5 billion total assets, with a 13.6 billion market capitalization following the payment of 1 billion pounds to shareholders of TSB. The combined bank could reduce costs by 350 million pounds annually by 1999. Other banks which could be targets for takeovers include the Bank of Scotland and Royal Bank of Scotland.

Commercial Banks, Mergers, acquisitions and divestments, Lloyds Bank PLC, TSB Bank PLC

---

Not our fault, says bank: it's hard not to conclude that Barings' fall revealed flaws in banking regulation - but the Bank manages not to

Article Abstract:

The Bank of England report into the fall of Barings, a merchant bank, concludes that there is no requirement for fundamental change to banking regulation. It criticises Barings directors, and internal and external auditors for ignoring warning signs, and it lays the ultimate blame with trader Nick Leeson who was active in concealing losses.

Chartered Banks, Finance, Banks (Finance), Barings PLC, Depositories (Banking)

Similar abstracts:

• Abstracts: Growing up in The Czech Republic. AAMA looks to the future. International round-up
• Abstracts: Doctors call for advice; firm markets legal hotline. Firm has moves to build business
• Abstracts: Bringing the US on board. Tired estate awaits the country gent. King Coal takes on Comrade Arthur
• Abstracts: Centrica comes in from the cold. Oil, gas and energy. British Gas
• Abstracts: Rewards, recognition spark the sales force to forge loyal clients. Loyalty, relationships boost travel

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.