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BUZZ-Restaurant Group: rallies on H1 beat

BUZZ-Restaurant Group: rallies on H1 beatBUZZ-Restaurant Group: rallies on H1 beat

** Restaurant Group, operator of Frankie and Benny’s
chain, +2.8%, 3rd top FTSE midcap gainer after H1 beat
expectations & co keeps FY guidance following turbulent few
months of trading

** H1 rev +3% to 358.7 mln stg; co says trading in line with
expectations after slight improvement in trading in recent weeks

** RTN says on Friday to close or sell 33 underperforming
stores, to revamp and reprice menu across Frankie and Benny’s

** Over 1/5th 30-day avg vol through in c.10 mins of trade

** Co hurt this year by profit warning, departure of CEO &
CFO as it battles increased competition & drop in visitors to
retail shopping parks, where many of its outlets are located

** YTD stock -41%, underperforming midcap index (+2.6%)

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