Pubs sector 'in a precarious state' - Citi
3rd Sep 2018 12:39
(Sharecast News) - Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.
Read moreFriday broker round-up
31st Aug 2018 13:21
(Sharecast News) - Admiral: Peel Hunt downgrades to hold with a target price of 1,085p.
Read moreRestaurant Group H1 sales drop but on track for full year
31st Aug 2018 10:49
(Sharecast News) - Garfunkel's and Frankie & Benny's owner Restaurant Group posted a drop in first-half sales and profit on Friday but said it was still on track to meet current market expectations for the full year following a more solid recent performance.
Read moreFriday preview: US-Canada trade, UK house prices in focus
30th Aug 2018 15:30
(Sharecast News) - Barring surprises, the market spotlight at the end of the trading week was expected to be on the multiple ongoing trade talks around the world and emerging markets.
Read moreSpending on eating out remains resilient as inflation crunch looms
16th Feb 2017 10:33
(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi
Read moreMonday broker round-up
6th Feb 2017 12:34
(ShareCast News) - Rio Tinto: Macquarie reiterates outperform with a target price of 4300p. Barclays: HSBC reiterates buy, 260p target. Restaurant Group: UBS reiterates neutral with a 310p target. Beazley: JP Morgan reiterates overweight with a 460p target. Inchcape: Deutsche Bank reiterates buy
Read moreRestaurant Group plans 'substantial' revamp as sales continue to fall
25th Jan 2017 08:08
(ShareCast News) - After like-for-like sales continued to slip in the fourth quarter of 2016, The Restaurant Group's new chief executive, Andy McCue, plans a "substantial" revamp of its casual dining chains as part of a group-wide "transformation programme". Like-for-like sales in the final three mo
Read moreRestaurants and pubs enjoy strong festive trading, Coffer Peach finds
19th Jan 2017 06:45
(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect
Read morePubs and restaurants bounce led by London, Coffer Peach survey finds
15th Dec 2016 09:48
(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre
Read moreDeutsche Bank initiates Wetherspoon and Restaurant Group at 'sell'
8th Dec 2016 10:49
(ShareCast News) - Deutsche Bank initiated coverage of JD Wetherspoon and Restaurant Group at 'sell' and price targets of 600p and 290p respectively, in a note on pubs groups on Thursday. With the outlook for the UK pubs and restaurant sector is uncertain and assumptions for next year becoming mo
Read moreBroker tips: Man Group, Restaurant Group, TalkTalk
28th Nov 2016 12:38
(ShareCast News) - Man Group slumped as Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. "We see scope for a slowdown in flows as a consequence of flagging performance at AHL and at GLG. Performance issues are also likely to impact the long term outlook for management fee margi
Read moreHSBC starts Restaurant Group at 'reduce', says path to recovery will be 'bumpy'
28th Nov 2016 09:10
(ShareCast News) - HSBC initiated coverage of Restaurant Group at 'reduce' with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company. The bank pointed out that Restaurant Group was one of the UK's most successful restaurant operato
Read moreWednesday broker round-up
23rd Nov 2016 14:29
(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a
Read moreDirector dealings: Restaurant Group surges on back of directors' share order
18th Oct 2016 15:28
(ShareCast News) - Restaurant Group directors ordered sizeable helpings of shares on Tuesday, sending other investors rushing for more of the same. Chief executive Andrew McCue bought 50,000 at 356.7p, spending close to £180,000 before broking costs. Finance director Barry Nightingale picked up 13,
Read moreWednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read more