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Restaurant Group PLC (RTN.L)

RTN.L on London Stock Exchange

26 May 2017
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33.20 (+10.46%)
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Latest Key Developments (Source: Significant Developments)

Restaurant Group says Board change
Friday, 21 Apr 2017 02:00am EDT 

April 21 (Reuters) - Restaurant Group Plc ::Board change.Barry Nightingale, chief financial officer, will step down from board and leave company with immediate effect..Board has commenced a search for a new chief financial officer and will update market in due course..  Full Article

Restaurant Group CFO Barry Nightingale set to leave- Sky News
Thursday, 20 Apr 2017 04:05pm EDT 

April 20 (Reuters) - :Restaurant Group CFO Barry Nightingale is to leave the restaurant group after less than a year in the role- Sky News, citing sources.  Full Article

Restaurant Group says full-year revenue up 3.7 percent
Wednesday, 8 Mar 2017 02:00am EST 

Restaurant Group Plc : Fy pretax loss -39.5 million stg versus 86.8 million stg profit year ago . Fy revenue rose 3.7 percent to 710.7 million stg . Total dividend 17.4 penceper share . Final dividend 10.6 penceper share . Trading in line with expectations . Challenging trading year across leisure brands; good performance from pubs and concessions. . Fy statutory loss before tax of £39.5m (2015: statutory profit before tax £86.8m). . Fy adjusted ebitda. down 5.5 pct at £121.0m, adjusted operating profit. down 11.0 pct to £79.2m. . Current trading in line with our expectations. . Fy adjusted profit before tax. was down 11.2 pct to £77.1m . Complex operational processes have added costs and business operating model had become inefficient. . We have a rigorous plan in place to address these issues. . Expect trading performance of business in first half of 2017 to remain difficult . Anticipate momentum improving towards end of this transitional year as our initiatives start to take effect . We expect to open between 16 to 20 units in 2017 with associated capital expenditure of between £16m-£20m. .Refurbishment and maintenance capital expenditure will range from £20m-£25m..  Full Article

Restaurant Group shares open 4.3 percent after co maintains full year guidance
Friday, 26 Aug 2016 03:07am EDT 

Restaurant Group Plc : Open 4.3 pct higher after results beat estimate and co maintains guidance Further company coverage: [RTN.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Restaurant Group says to close or sell 33 underperforming outlets
Friday, 26 Aug 2016 02:11am EDT 

Restaurant Group Plc : H1 revenue rose 3.4 pct to 358.7 mln stg . H1 pretax profit 36.6 mln stg versus 38 mln stg year ago . H1 EPS down 3.0 pct to 14.3p on a trading basis and down to 11.2p on a statutory basis . Interim dividend maintained at 6.8p per share, reflecting . Confidence in our current trading forecast . Trading in line; full year guidance for 52 weeks maintained . Challenging trading period across leisure brands; good performance from pubs and concessions . Operating profit down 4.4 pct to 37.5 mln stg . Strong free cash flow of 35.8 mln stg . Seven new sites opened in first half (2015: 12) . 24 to 28 new sites expected to open in 2016 (2015: 44) . 33 underperforming sites across business identified for closure or sale, with an associated 39.3 mln stg charge made in first half . Asset value of a further 29 sites written down, reflected in 17.8 mln stg non-cash impairment charge . Exceptional charge of 59.1 mln stg reflecting prospective site closures and 29 site asset value impairments . Frankie & Benny's performance has suffered due to insufficient focus on value, unsuccessful menu development and poor operational execution . Taking action at Frankie & Benny's on pricing, proposition and customer service . Trading has improved slightly in recent weeks, with like-for-like sales for first 34 weeks of 2016 down 3.7 pct.  Full Article

Restaurant Group names Barry Nightingale as CFO
Wednesday, 15 Jun 2016 02:00am EDT 

Restaurant Group Plc : Appointment of chief financial officer . Appointment of barry nightingale as chief financial officer (cfo). He will start with company and join board on 20th june 2016. . Barry is an experienced cfo, having recently held that role at monarch airlines, .Appointment of chief financial officer.  Full Article

Restaurant Group says 73.17 percent shareholders at AGM approve directors' pay report
Thursday, 12 May 2016 06:48am EDT 

Restaurant Group Plc : Says 73.17 percent shareholders present at the AGM voted to approve directors' remuneration report . Says low support reflects concerns of investors in respect of termination arrangements for Alan Jackson and level of executive director annual bonus awards for 2015 .Remuneration committee will carry out a detailed review of all of feedback received.  Full Article

The Restaurant Group PLC recommends final dividend
Wednesday, 9 Mar 2016 02:00am EST 

The Restaurant Group PLC:Recommends final dividend of 10.6 pence per share.The final dividend will be paid on 6 July 2016 and the shares will be marked ex-dividend on 16 June 2016.  Full Article

The Restaurant Group PLC declares Interim dividend
Friday, 28 Aug 2015 02:01am EDT 

The Restaurant Group PLC:Says Board is declaring an interim dividend of 6.8p per share, an increase of 11.5% on the prior year.Says The interim dividend will be paid on Oct.8, 2015 to shareholders on the register on Sept.11, 2015 and shares will be marked ex dividend on Sept.10, 2015.  Full Article

More From Around the Web

UPDATE 2-Restaurant Group gets off to stronger start in 2017 amid turnaround

May 26 Britain's Restaurant Group Plc is making progress with its turnaround efforts, it said on Friday, as the struggling pub and restaurants operator reported a slower-than-expected decline in comparable sales for the first 20 weeks of the year.