Edition:
India

Restaurant Group PLC (RTN.L)

RTN.L on London Stock Exchange

301.40GBp
20 Sep 2018
Change (% chg)

1.40 (+0.47%)
Prev Close
300.00
Open
297.80
Day's High
301.40
Day's Low
297.80
Volume
827,181
Avg. Vol
725,767
52-wk High
334.60
52-wk Low
229.20

Latest Key Developments (Source: Significant Developments)

Restaurant Group Says HY Like-For-Like Sales Down 3.7 Pct
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Restaurant Group PLC ::H1 PRETAX PROFIT 11.7 MILLION STG VERSUS 12.6 MILLION STG YEAR AGO.H1 SALES 326.1 MILLION STG.HY LIKE-FOR-LIKE SALES DOWN 3.7 PCT.HY TOTAL SALES DOWN 2.1 PCT TO £326.1M (2017: £333.1M).INTERIM DIVIDEND MAINTAINED AT 6.8P PER SHARE.REMAIN ON TRACK TO DELIVER AN ADJUSTED PBT OUTCOME BROADLY IN LINE WITH CURRENT MARKET EXPECTATIONS FOR FULL YEAR.CURRENTLY ANTICIPATE OPENING BETWEEN 10 AND 15 UNITS IN 2019 WHICH WILL BE PREDOMINATELY WITHIN PUBS AND CONCESSIONS BUSINESSES.SEES TO DELIVER ADJUSTED. PBT OUTCOME FOR FY IN-LINE WITH CURRENT MARKET EXPECTATIONS GIVEN IMPACT OF ADVERSE WEATHER & WORLD CUP.PUBS & CONCESSIONS BUSINESSES HAVE TRADED STRONGLY WITH BOTH BUSINESSES EXPECTED TO DELIVER SIGNIFICANT TOTAL SALES GROWTH THIS YEAR.RECENT ACQUISITION OF FOOD & FUEL LTD WILL FURTHER ACCELERATE OUR GROWTH AT PREMIUM END OF PUB MARKET.HAVE ALSO RECENTLY COMPLETED ACQUISITION OF FOOD & FUEL LTD FOR £14.9M.RECENT TRADING HAS BEEN ENCOURAGING, WITH LIKE-FOR-LIKE SALES UP 2.4 PCT FOR SIX WEEK PERIOD SINCE END OF WORLD CUP.YEAR TO DATE LIKE-FOR-LIKE SALES FOR 34 WEEKS TO 26 AUGUST ARE DOWN 2.8 PCT.LIKE-FOR-LIKE SALES FOR FIRST EIGHT WEEKS OF SECOND HALF FLAT COMPARED TO LAST YEAR.EXPECT TO MITIGATE AROUND 50 PCT OF GROSS COST HEADWINDS OF £18M.REFURBISHMENT AND MAINTENANCE CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE £20M TO £25M.  Full Article

Guangzhou Restaurant's share trade to debut on June 27 in Shanghai
Monday, 26 Jun 2017 

June 26 (Reuters) - Guangzhou Restaurant Group Co Ltd :* Says share trade to debut on June 27 in Shanghai.  Full Article

Restaurant Group says like-for-like sales for 20 weeks ended May declined 1.8 pct
Friday, 26 May 2017 

May 26 (Reuters) - Restaurant Group Plc :Like-For-Like sales for 20 weeks ended 21 may 2017 have declined 1.8%, with total sales decreasing by 1.5.Like-For-Like sales for 20 weeks ended 21 may 2017 have declined 1.8%, with total sales decreasing by 1.5%..Continue to expect to deliver a pbt outcome for full year in-line with current market expectations.Accordingly, we continue to expect to deliver a pbt outcome for full year in-line with current market expectations.In period we saw strong performances from our concessions business, benefitting from strong growth in passenger numbers.Implementation of our strategy is progressing well as we make required investments in price, marketing and our offer.Group's balance sheet remains strong.  Full Article

PRESS DIGEST- British Business - Aug 31

Aug 31 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.