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Markets News

Restaurant Group posts H1 loss, withdraws forecast

Oct 6 (Reuters) - Frankie and Benny’s owner Restaurant Group slipped into a first-half loss and withdrew its forecast on Tuesday, with renewed coronavirus restrictions in the UK forcing it to retain a cautious outlook for the short-term.

The company, which operates over 350 restaurants and pubs across the UK, posted an adjusted pretax loss of 47.5 million pounds ($61.68 million), for the six months ended June 28, compared to a profit of 28.1 million pounds a year earlier.

$1 = 0.7701 pounds Reporting by Shanima A and Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi

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