Thursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read moreLondon pre-open: Stocks seen tough higher; UK manufacturing and production data eyed
9th Mar 2016 07:17
(ShareCast News) - London stocks are expected to open a little higher on Wednesday as investors shrug off negative sessions in the US and Asia. The FTSE 100 is seen starting 10 points higher than Tuesday's close at 6,135. On the data front, UK industrial production and manufacturing production figu
Read moreThe Restaurant Group endures tough start after record year
9th Mar 2016 07:17
(ShareCast News) - The Restaurant Group served up a solid set of results for 2015, but like-for-like sales have faltered as the challenging trading conditions from the end of last year continue into 2016 and look set to linger for longer. Despite total sales having risen 6% in the 10 weeks of tradin
Read moreLondon leisure spend lagging provinces, says Coffer Peach Tracker
17th Feb 2016 08:51
(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C
Read moreRestaurant Group appoints Hewitt as new chairman
26th Jan 2016 08:48
(ShareCast News) - Restaurant Group has announced Debbie Hewitt MBE will take over as the company's chairman in May. It follows the retirement of Alan Jackson, who has been overseeing the FTSE 250 company which operates a number of restaurants and pubs including Garfunkels for the last 15 years. He
Read moreSunday shares tips: The Restaurant Group, Shell, Somero Enterprises
17th Jan 2016 14:28
(ShareCast News) - Shares in The Restaurant Group are a good bargain again, said the Sunday Times' Inside the City column. The owner of Frankie & Benny's, Chiquito, Coast to Coast and Giraffe lost 18% of its value in one day last week when it revealed a modest slowdown in sales and took a cautious l
Read moreFTSE 250 movers: Underdone Restaurant Group drives market down
14th Jan 2016 15:39
(ShareCast News) - The FTSE 250 fell sharply on Thursday, down 259.61 points (1.55%) to 16,436.16 by mid-afternoon. Restaurant Group's year-end trading update came out undercooked after it revealed sales slowed in the final weeks of the year, with the market expecting a boost from the favourable cin
Read moreRestaurant Group trading update sends shares back two years
14th Jan 2016 08:11
(ShareCast News) - Restaurant Group's year-end trading update was sent back to the kitchen after sales slowed in the final weeks of the year, with the market expecting a boost from the favourable cinema releases over the festive period. The FTSE 250 group, which runs the Frankie & Benny's, Chiquito,
Read moreBroker tips: Bodycote, Restaurant Group, Northgate
18th Dec 2015 11:02
(ShareCast News) - Bodycote got a boost on Friday after N+1 Singer upgraded the stock to 'buy' from 'hold' saying sentiment was likely to warm next year. The broker cut its estimates to reflect the more challenging trading environment which was confirmed in the group's third quarter update. It down
Read moreUBS initiates coverage of Restaurant Group at buy
18th Dec 2015 10:56
(ShareCast News) - UBS initiated coverage of Restaurant Group at 'buy' with a price target of 860p. The bank said it sees the company as a highly-attractive continuing roll-out story. "Our bottom-up analysis of the market potential of the group's key brands shows that in an upside scenario, the gro
Read moreRestaurant Group shares drop as Nomura cuts to 'reduce'
16th Nov 2015 10:45
(ShareCast News) - Shares in Restaurant Group sank after investment bank Nomura downgraded it from 'neutral' to 'reduce'. Shares in the FTSE 250 company, which operates a number of restaurant brands including Frankie & Benny's, Chiquito, Garfunkel's and Caffé Uno, had dropped 27.3p (4.16%) to 633.50
Read moreMonday broker round-up
16th Nov 2015 08:56
(ShareCast News) - Halfords Group: Berenberg Bank upgrades to hold, reduces target price to 375.00p. Restaurant Group: Nomura upgrades to neutral, cuts target price to 635.00p. Poundland Group: Peel Hunt Limited initiates new coverage with a buy, sets target price at 400.00p. Diploma: Peel Hunt Li
Read moreRestaurant Group serves up strong sales in first three quarters of 2015
12th Nov 2015 08:18
(ShareCast News) - Restaurant Group said it was confident to meet its full year expectations as it remained upbeat on the outlook for the remainder of 2015. The pub and restaurant operator said total sales in the first 45 weeks of the year were 8% higher year-on-year, while like-for-like sales advan
Read moreWednesday broker round-up
21st Oct 2015 10:44
(ShareCast News) - Genel Energy: JP Morgan Cazenove reiterates to overweight. Target price: 610.00p. UBS downgrades to neutral, reduces target price to 400.00p. Sse: Jefferies starts new coverage with a hold, sets target price at 1600.00p. Smiths Group: Citigroup upgrades to buy, raises target pric
Read moreRestaurant Group serves up increase in pre-tax profits on improved margins
28th Aug 2015 08:19
(ShareCast News) - Restaurant Group posted a 10% lift in first half pre-tax profits to £36.9m as margins improved. Total revenues were up by 8% to £334m from £308m, which Restaurant Group said showed the company's resilience in tough trading conditions. The company lifted its operating margins by 1
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