Rev Bars Share News (RBG)

(ShareCast News) - Sell IAG, said the Sunday Times' Inside the City column, ahead of the airline's important third-quarter trading update on Friday. The holding company for British Airways and Spain's Iberia is being priced for a bumpy landing, with the shares slipping by a third when Brexit result was followed by a profit warning. They have since flapped around 400p, well off their 617p high last year as investors brace themselves for the effect of the pound's weakness, which is forecast to lead to a dip in Brits flying abroad when skiing and beach holidays could be around 15% more expensive.Although its Iberia, Aer Lingus and Vueling arms are in the euro zone, fuel costs are also building as a result of the dollar's strength and the recovery in oil prices. Yet another concern is the group's pension deficit. Friday's update on the important summer holiday months is expected to show €1.21bn of EBIT, according to the company-compiled consensus, which makes up a large chunk of the full-year €2.51bn consensus forecast. Although recent updates from Ryanair and Lufthansa were not as bad as feared, the column is sticking with a bearish view.Revolution Bars Group were a 'buy' for Midas in the Mail on Sunday, having drifted lower since floating a year a half ago. Building on its roots as cocktail bar chain and spruced up by private equity owners, the group's Revolution chain is open all day with a casual dining offering such as burgers and Spanish tapas, as well as a bigger focus on cocktails and booze as the evening wears on, with a newer Revolución de Cuba brand focusing more on Latin American food and specialising in rum-based cocktails. Over half of customers of both brands are female.In the year to June, profits swelled 11% and the dividend was fizzed up to 4.8p. For this year, the forecast is for a 5.4p payout. Helping expand the top line, seven outlets have opened since the float in March last year to take the total to 63, with the average site chosen for fairly sizeable floorspace. In the next three years, management seeing potential to more than double this. A recent trading update showed some tasty numbers ahead of the important run up to the festive period. Some director dealing in the shares is encouraging, too.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.