Pubs outdo restaurants again in August, Coffer Peach data shows
15th Sep 2016 09:27
(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track
Read moreFTSE 250 movers: Grafton warns of challenging backdrop, gold miners drop
31st Aug 2016 16:41
(ShareCast News) - Grafton Group paced losses on the second tier index after warning of a challenging backdrop in UK merchanting. The builders´ merchant posted interim pre-tax profits up by 8% to £62.8m on revenue of £1.2bn, 13% higher from the first half of last year. "Shares are up +11% over the
Read moreDirector dealings: Restaurant Group director buying offers little support
31st Aug 2016 13:34
(ShareCast News) - Restaurant Group director Mike Tye followed his chairwoman's recent purchase and picked up his first shares in the beleaguered owner of the Frankie & Benny's and Garfunkels chains, though both deals are already well under water. Non-executive Tye bought 7,284 shares in the co
Read moreBroker tips: Restaurant Group, AB Foods, Petrofac
31st Aug 2016 10:48
(ShareCast News) - Restaurant Group shares fell on Wednesday as Citigroup downgraded its stance on the stock to 'sell' from 'neutral' and cut the price target to 320p from 350p. The bank said that while there may be valuation support on a sum-of-the-parts basis, the company still faces significant t
Read moreRestaurant Group slumps on Citi downgrade
31st Aug 2016 09:02
(ShareCast News) - Restaurant Group shares fell on Wednesday as Citigroup downgraded its stance on the stock to 'sell' from 'neutral' and cut the price target to 320p from 350p. The bank said that while there may be valuation support on a sum-of-the-parts basis, the company still faces significant t
Read moreTuesday broker round-up
30th Aug 2016 09:24
(ShareCast News) - Glencore: Jefferies reiterates hold with a target price of 180p. British American Tobacco: UBS maintains buy with a 5300p target. Smiths Group: Barclays reiterates overweight with a 1300p target. South 32: Exane BNP Paribas reiterates outperform with a 130p target. Diageo: Bere
Read moreLondon open: Stocks drift lower ahead of key speech by Fed´s Yellen
26th Aug 2016 08:10
(ShareCast News) - London stocks started the session marginally lower on Friday as investors eyed a speech by Federal Reserve chair Janet Yellen at Jackson Hole later in the day for any clues on the timing of an interest rate hike. As of 0822 BST the FTSE 100 was trading lower by 6.62 points to 6,81
Read moreRestaurant Group swings to loss, to close 33 outlets
26th Aug 2016 07:32
(ShareCast News) - Restaurant Group swung to a pre-tax loss in the first half on the back of restructuring costs, while like-for-like sales fell and the company announced the closure of 33 outlets. In the 27 weeks ended 3 July, the group posted a loss before tax of £22.5m compared to a pre-tax profi
Read moreTuesday newspaper share tips: Liverpool FC, The Restaurant Group
23rd Aug 2016 18:43
(ShareCast News) - There are two types of football clubs in the English Premier League -- those that win silverware and those that don't, opines Financial Times' Lex column. Both types were expensive. The column cited Manchester United as a silverware winner, and Aston Villa and Liverpool Football
Read moreBroker tips: Persimmon, Restaurant Group, Cobham
15th Aug 2016 10:25
(ShareCast News) - UK housebuilding shares have fallen 25% since Britain voted to leave the European Union and the sector has priced in a 5% drop in house prices, J.P. Morgan Cazenove said on Monday "However, while we think it's prudent to assume that transaction numbers will fall during 2017 (altho
Read moreCanaccord raises Restaurant Group to 'buy' from 'hold'
15th Aug 2016 09:35
(ShareCast News) - Canaccord Genuity has raised its rating on Restaurant Group to 'buy' from 'hold' and lifted its target price to 550p from 276p. The broker said the upgrade on the owner of Garfunkels follows the replacement of chief executive Danny Breithaupt with Andy McCue, former chief of Paddy
Read moreFTSE 250 movers: Restaurant Group leads risers, Genus tops fallers
12th Aug 2016 15:32
(ShareCast News) - The FTSE 250 was up 0.62% to 17,918.63 points in Friday afternoon trade. The Restaurant Group was a top riser on London's second tier index after the pub and restaurant chain announced the departure of its chief executive Danny Breithaupt, who has been with the company for 15 year
Read moreBreithaupt out and McCue in at Restaurant Group
12th Aug 2016 07:10
(ShareCast News) - Pub and restaurant chain operator The Restaurant Group announced on Friday that after 15 years with the company, and two years as CEO, Danny Breithaupt will step down from the board and leave the company with immediate effect. The FTSE 250 firm's board said it has completed the in
Read moreFTSE 250 movers: Go Ahead hits buffers; N Brown update in fashion
16th Jun 2016 13:04
(ShareCast News) - Go-Ahead shares were going nowhere on Thursday after commuters on Britain's largest railway franchise were lumped with the promise of more misery this week, as conductors on the Southern arm of Govia Thameslink Railway announced a strike, set down for next Tuesday. The railway fra
Read more'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds
16th Jun 2016 08:10
(ShareCast News) - Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs. These findings from the Coffer Peach Business Trackers were the bigge
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