Wednesday broker round-up
14th Apr 2021 13:07
(Sharecast News) - Gamesys Group: Canaccord downgrades to hold with a target price of 1,878p.
Read moreJPMorgan downgrades Restaurant Group, says recovery priced in
14th Apr 2021 09:09
(Sharecast News) - JPMorgan Cazenove downgraded Restaurant Group to 'neutral' from 'overweight' on Wednesday, after reviewing its largely unchanged forecast following a model update for the FY20 results and the £175m capital raise in March.
Read moreWagamama owner Restaurant Group to raise £175m as losses widen
10th Mar 2021 07:40
(Sharecast News) - Wagamama owner The Restaurant Group said it aimed to raise £175m as it looked to bolster its balance sheet as it reported wider losses due to coronavirus lockdowns.
Read moreTuesday broker round-up
2nd Mar 2021 14:00
(Sharecast News) - Sumo Group: Canaccord upgrades to buy with a target price of 340p.
Read moreMonday broker round-up
1st Mar 2021 13:43
(Sharecast News) - Pennon Group: Barclays upgrades to overweight with a target price of 1,060p.
Read moreRestaurant Group unveils £500m debt plan and strong trading
1st Mar 2021 08:37
(Sharecast News) - The Restaurant Group unveiled £500m of new debt facilities and said delivery and takeaway trading at Wagamama and other chains was strong.
Read moreFranco Manca owner highlights erratic government measures
18th Dec 2020 09:57
(Sharecast News) - Fulham Shore said most of its restaurants were closed to eat-in diners and remarked on the government's unpredictable measures for the sector as it reported a first-half loss caused by the Covid-19 crisis.
Read moreWagamama owner sees 'challenging' Q1 after tiering review
18th Dec 2020 07:05
(Sharecast News) - The Restaurant Group said it burnt through £5.5m of cash during the November lockdown and that revised tiering restrictions would be "extremely challenging" in the first quarter of 2021.
Read moreTakeaway sales, reduced rents at Wagamama push The Restaurant Group higher
16th Dec 2020 16:26
(Sharecast News) - Shares in The Restaurant Group were well into the green on Wednesday, after its Wagamama chain posted decent third quarter earnings, despite the ongoing impact of Covid-19.
Read moreShareholders revolt over Andy Hornby's pay at Restaurant Group
8th Oct 2020 12:19
(Sharecast News) - More than a third of votes by Restaurant Group shareholders opposed a pay deal for Chief Executive Andy Hornby after the company cut thousands of jobs in the Covid-19 crisis.
Read moreRestaurant Group widens losses, warns on more UK Covid-19 curbs
6th Oct 2020 08:01
(Sharecast News) - Wagamama owner Restaurant Group reported wider half-year losses, pulled guidance and warned of the impact of further coronavirus lockdowns in the UK.
Read moreRBC upgrades The Restaurant Group to 'outperform'
14th Jul 2020 14:53
(Sharecast News) - The Restaurant Group is a "new beast" focused on Wagamama, Royal Bank of Canada said as it upgraded its recommendation for the company's shares to 'outperform'.
Read moreRestaurant Group says 10% of sites will remain closed this year
10th Jul 2020 07:40
(Sharecast News) - Restaurant Group said on Friday that 10% of its estate will remain closed for the rest of the year as the coronavirus pandemic continues to dent footfall and that it has accessed £50m in government support.
Read moreCiti says buy The Restaurant Group and 'take the medicine'
29th Jun 2020 15:59
(Sharecast News) - Citi kept its 'buy' rating on The Restaurant Group but cut its target share price by a quarter with uncertainty about consumer behaviour hanging over the restaurant sector.
Read moreRestaurant Group creditors vote for deal to close 125 sites
29th Jun 2020 14:40
(Sharecast News) - The Restaurant Group's creditors have voted in favour of a company voluntary arrangement (CVA) that will close 125 eateries and allow the company to seek cheaper rents for other sites in its Frankie & Benny's chain.
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