Low expectations for Restaurant Group

Dan Coatsworth

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Friday 26 May

The market doesn’t appear to be holding out for strong trading from Frankie & Benny’s operator Restaurant Group  (RTN) when it updates the market on 26 May. Its share price has been weak in the run up to this event, perhaps as a result of other restaurateurs saying life is tough.

Full-year results on 8 March saw new chief executive Andy McCue talk about a ‘transitional’ year in 2017, citing increased costs owing to the National Living Wage; the apprenticeship levy; and business rates as issues to watch while he works on a new game plan for the business.

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