Restaurant Group serves up CFO contract to Barry Nightingale
15th Jun 2016 07:11
(ShareCast News) - Barry Nightingale was appointed as chief financial officer of embattled eatery operator The Restaurant Group on Wednesday, starting with the company and joining the board on 20 June. The FTSE 250 firm said Nightingale is an experienced CFO, having recently held the role at Monarch
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreThe Restaurant Group attracting private equity interest, reports say
19th May 2016 13:07
(ShareCast News) - Shares in The Restaurant Group spiked on Thursday afternoon as reports emerged of possible private equity interest in the lately troubled Garfunkel's and Frankie & Benny's owner. Cinven, which previously owned Ask and Zizzi pizza restaurants, and US-based TA Associates, owner of t
Read morePubs suffer tough April as restaurants enjoy further growth
19th May 2016 07:51
(ShareCast News) - The restaurants and pubs sector endured a further decline in like-for-like sales in April, as wavering consumer confidence mixed with inclement weather. Like-for-like sales across managed pub and restaurant groups fell 0.8% against the same month last year, according to the Coffer
Read moreMonday broker round-up
9th May 2016 15:26
(ShareCast News) - Easyjet: RBC upgrades to outperform with a 1500p target. Restaurant Group: UBS downgrades to neutral with a 305p target. Burberry: Barclays keeps at equal-weight with a 305p target. Smith & Nephew: Berenberg reiterates buy with a target of 1300p and Barclays stays at overweight
Read moreBroker tips: EasyJet, Restaurant Group, Tullow Oil
9th May 2016 12:35
(ShareCast News) - RBC Capital Markets upgraded EasyJet to 'outperform' from 'underperform' and lifted the price target to 1,500p from 1,450p. It said the drop in the shares - which are down 16% versus the FTSE 100 year-to-date - is a good entry point. "We now see a window opening in easyJet shares
Read moreUBS downgrades Restaurant Group on near-term uncertainty
9th May 2016 11:42
(ShareCast News) - UBS downgraded Restaurant Group to 'neutral' from 'buy' and slashed the price target to 305p from 780p saying near-term uncertainty outweighs the long-term potential. The bank said Restaurant Group's profit warning at the end of April highlighted a deteriorating like-for-like sale
Read moreSunday share tips: The Restaurant Group, RBS, Connect Group
1st May 2016 15:15
(ShareCast News) - The Restaurant Group remains on the menu for the Sunday Times' Inside the City columnist Danny Fortson, three months after it was recommended in the paper while he was on holiday. After the Garfunkels owner's third profit warning in a year, the shares are a dog's dinner, but the m
Read moreFTSE 250 movers: Restaurant Group sinks as revenues lift Rotork
29th Apr 2016 14:51
(ShareCast News) - The FTSE 250 was down in afternoon trading on Friday, as investors picked their way through a raft of corporate earnings and as data showed the eurozone fell further into deflation in April. Valve maker Rotork was among the index leaders in afternoon trading, after it reported a 0
Read moreRestaurant Group tumbles after profit warning
29th Apr 2016 07:55
(ShareCast News) - Shares in Restaurant Group tumbled on Friday after it warned over its annual profits, as it highlighted a further deterioration in trading conditions and announced the departure of its chief financial officer. The company, which owns restaurants such as Garfunkel's and Chiquito, s
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read moreMike Tye to join Restaurant Group board
18th Mar 2016 07:50
(ShareCast News) - The Restaurant Group announced the appointment of Mike Tye to its board on Friday, as a non-executive director and chairman of the remuneration committee. Tye had extensive experience in the leisure and hospitality sector, the FTSE 250 firm said, and until recently was the CEO of
Read morePub and restaurant sales fall flat in February, Peach Tracker finds
17th Mar 2016 08:41
(ShareCast News) - Pub and restaurant sales were flat last month and the industry expects to endure a tougher year than last, according to a respected industry survey. The results of the monthly Peach Tracker, produced by CGA Peach in partnership with Coffer Group, RSM and UBS, found like-for-like s
Read moreDeutsche Bank downgrades Restaurant Group on dilutive strategy
11th Mar 2016 14:32
(ShareCast News) - Deutsche Bank downgraded Restaurant Group to 'hold' from 'buy' and slashed the price target to 525p from 690p. The bank said the initially dilutive impact of the group's repositioning strategy and the scale of the implied direct competitive threat - comparable to that laid out by
Read more