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Restaurant Group PLC

RTN.L

Latest Trade

51.80GBp

Change

2.30(+4.65%)

Volume

367,987

Today's Range

47.58

 - 

52.88

52 Week Range

20.26

 - 

167.70

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Restaurant Group Says CVA Successfully Approved For Leisure Estate

June 29 (Reuters) - Restaurant Group PLC <RTN.L>::RESTAURANT GROUP PLC - CVA SUCCESSFULLY APPROVED FOR THE LEISURE ESTATE.RESTAURANT GROUP PLC - OVER 82% OF ALL CREDITORS VOTED IN FAVOUR OF PROPOSAL (75% APPROVAL REQUIRED).RESTAURANT GROUP PLC - OVER 65% OF UNCONNECTED CREDITORS VOTED IN FAVOUR OF PROPOSAL (50% APPROVAL REQUIRED).RESTAURANT GROUP PLC - OVER 65% OF UNCONNECTED CREDITORS VOTED IN FAVOUR OF PROPOSAL (50% APPROVAL REQUIRED).

Restaurant Group Announces Launch Of Company Voluntary Arrangement For Leisure Estate

June 10 (Reuters) - Restaurant Group PLC <RTN.L>::RESTAURANT GROUP PLC - LAUNCH OF CVA FOR THE LEISURE ESTATE.RESTAURANT GROUP PLC - PROPOSAL TO REDUCE SIZE OF ITS LEISURE ESTATE AND RENTAL COST BASE BY IMPLEMENTATION OF A COMPANY VOLUNTARY ARRANGEMENT.RESTAURANT GROUP PLC - CVA WILL PROVIDE A MECHANISM TO RESTRUCTURE LEISURE ESTATE.RESTAURANT - ASSUMING CVA APPROVED THIS WILL LEAVE A REMAINING TRADING ESTATE IN GROUP'S LEISURE BUSINESS OF APPROXIMATELY 160 SITES.RESTAURANT - ASSUMING CVA APPROVED & IMPLEMENTED, THIS WILL LEAVE A REMAINING TRADING ESTATE IN GROUP'S LEISURE BUSINESS OF ABOUT160 SITES.RESTAURANT GROUP PLC - APPROXIMATELY 125 SITES HAVE BEEN IDENTIFIED FOR CLOSURE IN SHORT TERM UNDER CVA PROPOSAL.RESTAURANT GROUP PLC - APPROXIMATELY 65 LEISURE TRADING SITES WHICH WILL BE UNAFFECTED BY CVA.RESTAURANT GROUP PLC - APPROXIMATELY 125 SITES HAVE BEEN IDENTIFIED FOR CLOSURE IN SHORT TERM UNDER CVA PROPOSAL.RESTAURANT GROUP PLC - CVA WILL ALSO INCLUDE A MECHANISM TO EXIT APPROXIMATELY 25 PREVIOUSLY CLOSED LEISURE SITES.RESTAURANT GROUP PLC - ARRANGEMENTS WILL HAVE NO IMPACT ON GROUP'S WAGAMAMA, AIRPORT CONCESSIONS AND PUB OPERATIONS.RESTAURANT GROUP PLC - CVA WILL NOT SEEK TO COMPROMISE CLAIMS OF ANY CREDITORS OTHER THAN CERTAIN LANDLORDS, AND INTER-COMPANY LIABILITIES.RESTAURANT GROUP PLC - RIGHTS AND ENTITLEMENT OF ALL TRADE SUPPLIERS, HMRC AND EMPLOYEES WILL NOT BE AFFECTED BY PROPOSALS.

Restaurant Group Says In Discussions For Potential Restructuring Options For Leisure Estate

June 8 (Reuters) - Restaurant Group PLC <RTN.L>::RESTAURANT GROUP PLC - RESPONSE TO PRESS SPECULATION.RESTAURANT GROUP PLC - RESPONSE TO PRESS SPECULATION.RESTAURANT GROUP PLC - IN DISCUSSIONS WITH OUR LANDLORDS REGARDING POTENTIAL RESTRUCTURING OPTIONS FOR OUR LEISURE ESTATE.RESTAURANT GROUP PLC - WAGAMAMA, AIRPORT CONCESSIONS AND PUB OPERATIONS ARE NOT AFFECTED BY THESE DISCUSSIONS..

Restaurant Group Sees Overall Decline In Group Total Sales Of C. 50% In FY2020 Assumed Down 60% In H1

April 8 (Reuters) - Restaurant Group PLC <RTN.L>::COVID-19 UPDATE.OVERALL DECLINE IN GROUP LIKE-FOR-LIKE SALES OF C. 45% IN FY2020 ASSUMED TO BE DOWN 60% IN FIRST HALF.CAPITAL EXPENDITURE HAS BEEN REDUCED TO NO MORE THAN £30M FOR FY2020.HAS ACCESSED GOVERNMENT FURLOUGH SCHEME TO ENSURE ONGOING EMPLOYMENT OF OVER 20,000 EMPLOYEES.NOW ESTIMATES UNDER THIS SCENARIO THAT ADJUSTED EBITDA FOR FINANCIAL YEAR ENDING 27 DECEMBER 2020 WILL BE BETWEEN £45M AND £55M.FOOD AND FUEL AND CHIQUITO STATUTORY ENTITIES HAVE BEEN PLACED INTO ADMINISTRATION.ADJUSTED EBITDA FOR FINANCIAL YEAR ENDING 27 DECEMBER 2020 WILL BE BETWEEN £45M AND £55M.NOW ESTIMATES NET DEBT IN REGION OF £310M TO £320M FOR FINANCIAL YEAR ENDING 27 DECEMBER 2020.ESTIMATES NET DEBT IN REGION OF £310M TO £320M FOR FINANCIAL YEAR ENDING 27 DECEMBER 2020.FORECAST A MINIMUM OF £60M OF CASH LIQUIDITY THROUGHOUT REMAINDER OF 2020 FINANCIAL YEAR.RESTAURANT GROUP SEES OVERALL DECLINE IN GROUP TOTAL SALES OF C. 50% IN FY2020 ASSUMED DOWN 60% IN FIRST HALF.

Restaurant Group Says Executive Directors To Reduce Base Salaries For Three Months

April 6 (Reuters) - Restaurant Group PLC <RTN.L>::RESTAURANT GROUP - INCREASED FLEXIBILITY IN BANKING FACILITIES, EXECUTIVE PAY CUTS AND CHANGES TO OUR BOARD COMPOSITION.RESTAURANT GROUP PLC - ANDY HORNBY, CHIEF EXECUTIVE, HAS VOLUNTEERED TO TAKE A 40% PAY CUT.RESTAURANT GROUP - EXECUTIVE DIRECTORS HAVE DECIDED TO REDUCE THEIR BASE SALARIES FOR A PERIOD OF THREE MONTHS FROM APRIL 1.RESTAURANT GROUP PLC - CONFIRM THAT TRG LENDING GROUP HAVE AGREED THAT THERE WILL BE NO COVENANT TEST AT HALF YEAR.RESTAURANT GROUP PLC - SANTANDER HAVE INCREASED THEIR SUPER SENIOR REVOLVING CREDIT FACILITY TO WAGAMAMA FROM £20M TO £35M.RESTAURANT GROUP PLC - KIRK DAVIS, CFO, VOLUNTEERED A PAY CUT AND WILL SEE A 20% REDUCTION.

Restaurant Group's FY Like-For-Like Sales To Fall 25% On Coronavirus Hit

March 18 (Reuters) - Restaurant Group PLC <RTN.L>::RESTAURANT GROUP PLC - CURRENT TRADING & COVID-19 UPDATE.RESTAURANT GROUP PLC - GROUP LIKE-FOR-LIKE SALES FOR FIRST EIGHT WEEKS OF FINANCIAL YEAR WERE UP 4.5%, IN A PERIOD UNAFFECTED BY COVID-19.RESTAURANT GROUP - IN LAST 2 WEEKS SEEN INCREASING & MATERIAL IMPACT OF COVID-19 ACROSS BUSINESSES WITH GROUP LIKE-FOR-LIKE SALES BEING DOWN 12.5%.RESTAURANT GROUP - CONCESSIONS BUSINESS BEEN IMPACTED WITH LIKE-FOR-LIKE SALES DOWN 21.7% AND GETTING WORSE BY DAY GIVEN INTERNATIONAL TRAVEL BANS.RESTAURANT GROUP - INCREASING EFFECTS OF COVID-19 WILL RESULT IN MATERIAL REDUCTION IN OUTLOOK FOR REVENUE & PROFIT ACROSS BUSINESS FOR H1 OF THIS FY.RESTAURANT GROUP PLC - OVERALL DECLINE IN GROUP LIKE-FOR-LIKE SALES OF 25% IN FY2020 (ASSUMED DOWN 45% IN FIRST HALF AND 5% IN SECOND HALF).RESTAURANT GROUP -SIGNIFICANT DECLINE IN CONCESSIONS BUSINESS (DOWN 92% IN Q2) WITH SIGNIFICANT DISRUPTION THROUGH REMAINDER OF YEAR (DOWN 31% IN H2).RESTAURANT GROUP PLC - SUSTAINED REDUCTION IN FOOTFALL ACROSS LEISURE, PUBS AND WAGAMAMA.RESTAURANT- IN FOOTFALL ACROSS LEISURE, PUBS & WAGAMAMA,LFL SALES ACROSS DOWN 68% IN Q2, INCLUDING 10 WEEKS OF SHUTDOWN, BEFORE NORMALISING THROUGH H2.RESTAURANT GROUP PLC - GROUP WILL REDUCE CAPITAL EXPENDITURE FOR 2020 BY AT LEAST £45M FROM PREVIOUS GUIDANCE OF £75M.RESTAURANT GROUP PLC - FORECAST ASSUMES AT LEAST A 50% REDUCTION IN FIXED RENT ACROSS ALL OUR WAGAMAMA, CONCESSIONS, PUBS AND LEISURE RESTAURANTS.

Wagamama Q2 Adjusted EBITDA Up 27.2% To 16.7 Mln Stg

Nov 25 (Reuters) - Wagamama::WAGAMAMA BONDHOLDER UPDATE.TURNOVER INCREASED 11.0% TO £93.5 MILLION IN Q2 2019.ADJUSTED EBITDA UP 27.2% IN Q2 2019 TO £16.7 MILLION.

Ameriprise Financial, Inc. And Its Group Discloses 17.646% Stake In Restaurant Group As Of Oct 7 Vs Prior Stake Of 16.017% - Filing

Oct 10 (Reuters) - Restaurant Group PLC <RTN.L>::AMERIPRISE FINANCIAL, INC. AND ITS GROUP DISCLOSES 17.646% STAKE IN RESTAURANT GROUP PLC AS OF OCT 7 VERSUS PRIOR STAKE OF 16.017% - FILING.

Restaurant Group Says Exploring Options Outside Of Travel Hubs In UK

Sept 3 (Reuters) - Restaurant Group PLC <RTN.L>::H1 PRETAX LOSS -87.7 MILLION STG VERSUS 12.2 MILLION STG PROFIT YEAR AGO.H1 SALES 515.9 MILLION STG.WAGAMAMA PLANS ON TRACK AND PROGRESSING WELL.HY LIKE-FOR-LIKE SALES UP 4.0%, WITH TOTAL SALES UP 58.2% TO £515.9M.INTERIM DIVIDEND OF 2.1P PER SHARE, IN LINE WITH POLICY.TRADING REMAINS BROADLY IN LINE WITH FULL YEAR EXPECTATIONS.HY ADJUSTED PROFIT BEFORE TAX OF £28.1M (2018: £20.7M).ON TRACK TO DELIVER AT LEAST £15M OF COST SYNERGIES IN 2021.RESTAURANT GROUP - LIKE-FOR-LIKE SALES UP 3.7% FOR FIRST 34 WEEKS OF FINANCIAL YEAR BENEFITING FROM SOFT COMPARATIVES IN PRIOR YEAR.EXPLORING OPPORTUNITIES IN ADJACENT MARKETS OUTSIDE OF TRAVEL HUBS IN UK AND IN INTERNATIONAL AIRPORTS.LIKE-FOR-LIKE SALES IN MOST RECENT SIX WEEKS WERE UP 0.2%.EXPECT TO SPEND £50M TO £55M ON DEVELOPMENT EXPENDITURE IN 2019.REFURBISHMENT AND MAINTENANCE CAPITAL EXPENDITURE WILL RANGE BETWEEN £30M TO £35M IN FY.

Ameriprise Financial & Its Group Discloses 15.143% Stake In Restaurant Group As Of Aug. 21 Vs Prior Stake Of 12.076%

Aug 23 (Reuters) - :AMERIPRISE FINANCIAL & ITS GROUP DISCLOSES 15.143% STAKE IN RESTAURANT GROUP AS OF AUG. 21 VERSUS PRIOR STAKE OF 12.076% - FILING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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