Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRTN.L Share News (RTN)

  • There is currently no data for RTN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: Pizza Express owner eyes Restaurant Group

Thu, 26th Oct 2023 10:04

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

----------

SMALL-CAP - WINNERS

----------

Restaurant Group PLC, up 1.9% at 67.77 pence, 12-month range 25.06p-68.79p. Restaurant Group confirms that it has received a diligence request from the PizzaExpress owner, Wheel Topco. On Wednesday, Sky News reported that the restaurant chain is at the preliminary stages of evaluating whether to make a rival offer for Restaurant Group, which this month agreed to be bought by Apollo Global Management for just over GBP500 million. The owner of Wagamama now says that Wheel Topco is evaluating a possible offer for the company. "No written or verbal indicative proposal relating to a possible offer, including as to terms, price or form of consideration, has been made to the board of TRG by Wheel Topco," it adds. Restaurant Group says that if an offer is made then it will carefully consider its terms, but it noted that there is no certainty that an offer will be made for the company.

----------

SMALL-CAP - LOSERS

----------

Manchester & London Investment Trust PLC, down 6.1% at 413.30p, 12-month range 318.00p-493.45p. The investor sheds some gains made so far this year. In the year-to-date, the stock is up 22% and over the past 12-months, shares have risen by 16%.

----------

Bloomsbury Publishing PLC, down 1.7% at 397.02p, 12-month range 365.00p-492.50p. The London-based publisher falls despite some good interim results. It reports that revenue in the six months ended August 31 rose 11% to GBP136.7 million from GBP122.9 million a year earlier. Pretax profit was up to GBP14.0 million from GBP12.9 million. On the back of the results, Bloomsbury lifts its interim dividend to 3.70p per share from 1.41p.

----------

By Sophie Rose, Alliance News reporter

----------

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 Mar 2021 10:57

TOP NEWS: Restaurant Group to raise GBP175 million as 2020 loss widens

TOP NEWS: Restaurant Group to raise GBP175 million as 2020 loss widens

Read more
10 Mar 2021 10:53

SMALL-CAP WINNERS & LOSERS: Kin & Carta to meet full-year expectations

SMALL-CAP WINNERS & LOSERS: Kin & Carta to meet full-year expectations

Read more
10 Mar 2021 09:54

UPDATE 2-FTSE 100 ends flat as weak materials, financials offset defensive gains

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Restaurant Group jumps on share sale* Foxtons Group rises on upbeat outlook* FTSE 100 down 0.1%, FTSE 250 up 0.1% (Updates to close)By Shi...

Read more
10 Mar 2021 08:42

LONDON MARKET OPEN: Red start ahead of key US inflation reading

LONDON MARKET OPEN: Red start ahead of key US inflation reading

Read more
10 Mar 2021 08:01

UPDATE 2-Frankie & Benny's owner to raise 175 mln pounds ahead of reopenings

* Co plans to issue new shares* Expects to reopen most sites in April* Expects sales to recover quickly on reopening* Shares up 6% after earlier 17.5% rise (Adds shares, analyst comment, details on reopening and outlook)By Tanishaa NadkarMarch 10 (...

Read more
10 Mar 2021 07:57

LONDON MARKET PRE-OPEN: Restaurant Group plans GBP175 million raise

LONDON MARKET PRE-OPEN: Restaurant Group plans GBP175 million raise

Read more
10 Mar 2021 07:40

Wagamama owner Restaurant Group to raise £175m as losses widen

(Sharecast News) - Wagamama owner The Restaurant Group said it aimed to raise £175m as it looked to bolster its balance sheet as it reported wider losses due to coronavirus lockdowns.

Read more
2 Mar 2021 14:00

Tuesday broker round-up

(Sharecast News) - Sumo Group: Canaccord upgrades to buy with a target price of 340p.

Read more
2 Mar 2021 09:40

BROKER RATINGS: Prudential, Pennon and Royal Mail get upgrades

BROKER RATINGS: Prudential, Pennon and Royal Mail get upgrades

Read more
1 Mar 2021 13:43

Monday broker round-up

(Sharecast News) - Pennon Group: Barclays upgrades to overweight with a target price of 1,060p.

Read more
1 Mar 2021 11:08

SMALL-CAP WINNERS & LOSERS: Halfords on fast track as bike sales surge

SMALL-CAP WINNERS & LOSERS: Halfords on fast track as bike sales surge

Read more
1 Mar 2021 10:28

IN BRIEF: Restaurant Group agrees to GBP500 million debt facilities

IN BRIEF: Restaurant Group agrees to GBP500 million debt facilities

Read more
1 Mar 2021 08:37

Restaurant Group unveils £500m debt plan and strong trading

(Sharecast News) - The Restaurant Group unveiled £500m of new debt facilities and said delivery and takeaway trading at Wagamama and other chains was strong.

Read more
23 Feb 2021 10:40

SMALL-CAP WINNERS & LOSERS: Travel, Leisure And Retail Stocks Get Lift

SMALL-CAP WINNERS & LOSERS: Travel, Leisure And Retail Stocks Get Lift

Read more
22 Feb 2021 16:19

We must live with COVID-19 like the flu in long term, says UK's Johnson

LONDON, Feb 22 (Reuters) - People must learn to live with the coronavirus just as they do with flu in the long term due to the availability of a vaccine, Prime Minister Boris Johnson said on Monday, adding there are no supply issues affecting jabs...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.