ARKELL'S has moved into its 103rd pub, just a stone's throw from Blenheim Palace.

The Swindon brewery has paid £700,000 for the Grade II listed Punch Bowl in Wood-stock, Oxfordshire, which dates from the 16th century and before the palace was built.

Managing director James Arkell said: "It's an absolutely fantastic pub with a rich history."

The Punch Bowl, which is Arkell's first pub in Woodstock, is mentioned in 1587 as a grammar school, and became the New Angel Inn in 1760.

The building has also been a bank and a girls' boarding school, before returning to being a pub in the past 150 years.