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  5. Interim Management Statement

Pin to quick picksREG.L Regulatory News (REG)

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Interim Management Statement

14 Nov 2008 07:30

RNS Number : 1552I
Regent Inns PLC
14 November 2008
 



14 November 2008 

REGENT INNS PLC 

INTERIM MANAGEMENT STATEMENT 

Regent Inns plc ("the Group") announces its interim management statement for the period from 29 June 2008 to date, as required by the UK Listing Authority's Disclosure and Transparency Rules. 

Trading in the first 15 weeks of the reporting period was commented on in the Chairman's statement accompanying the Group's financial results for the 52 weeks ended 28 June 2008, under 'current trading and prospects', as reported on 16 October 2008. 

Key points relating to the 15 weeks trading period to 12 October 2008: 

like-for-like sales down 13% on last year
the comparable period included some strong trading during the Rugby World Cup
substantial cost savings have been implemented including the major restructure of head office that took place in July 2008. Capital expenditure during the current financial year will be no more than £5m.
our lending banks have been very supportive and our banking facilities (which do not expire until September 2010) have recently been revised in order to ensure they are appropriate for our current circumstances. As a result of these revisions, total facilities currently available to the Group are £96.5m and the cost of borrowing has increased substantially (although the recent reductions in base rate will help to mitigate this increase).

Subsequent to 12 October 2008, like-for-like sales trends are unchanged.

The Group expects to provide a further trading update on 17 December 2008, at its Annual General Meeting. 

Enquiries: 

Regent Inns plc 020 8327 2540

Jim Glover, Chairman

John Leslie, Chief Executive Officer 

Merlin 020 7653 6620

Paul Downes 07900 244 888 

Anja Kharlamova 07887 884 788

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSFFUFADSASEEF
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Date   Source Headline
21st Jun 20071:39 pmRNSHolding(s) in Company
14th Jun 200712:05 pmRNSHolding(s) in Company
7th Jun 20071:30 pmRNSHolding(s) in Company
25th May 20077:02 amRNSTrading Statement
24th May 20077:00 amRNSHolding(s) in Company
11th Apr 20073:57 pmRNSDirector/PDMR Shareholding
21st Mar 200712:42 pmRNSHolding(s) in Company
20th Mar 20079:44 amRNSDirector/PDMR Shareholding
15th Mar 20079:33 amRNSHolding(s) in Company
8th Mar 20075:11 pmRNSHolding(s) in Company
5th Mar 20075:50 pmRNSHolding(s) in Company
9th Feb 20074:33 pmRNSHolding(s) in Company
6th Feb 20077:01 amRNSInterim Results
5th Feb 20079:05 amRNSHolding(s) in Company
26th Jan 200712:47 pmRNSHolding(s) in Company
16th Jan 200710:44 amRNSHolding(s) in Company
10th Jan 200712:01 pmRNSNotice of Results
9th Jan 200711:32 amRNSHolding(s) in Company
29th Dec 200612:57 pmRNSTotal Voting Rights
11th Dec 20061:44 pmRNSTotal Voting Rights
24th Nov 200611:23 amRNSAGM Statement
23rd Nov 20067:00 amRNSAnnual Information Update
17th Nov 20067:00 amRNSHolding(s) in Company
26th Oct 200612:00 pmRNSAnnual Report and Accounts
23rd Oct 20069:34 amRNSDirector/PDMR Shareholding
23rd Oct 20069:17 amRNSHolding(s) in Company
9th Oct 20067:00 amRNSDirector/PDMR Shareholding
5th Oct 20061:04 pmRNSHolding(s) in Company
4th Oct 20069:39 amRNSDirector/PDMR Shareholding
26th Sep 20067:04 amRNSPreliminary Results
22nd Sep 20069:59 amRNSHolding(s) in Company
19th Sep 200610:29 amRNSHolding(s) in Company
18th Sep 20067:01 amRNSCompletion of Disposal
13th Sep 200610:23 amRNSEGM Statement
8th Sep 200612:00 pmRNSDirectorate
8th Sep 200612:00 pmRNSBoard Change
1st Sep 200611:21 amRNSHolding(s) in Company
24th Aug 20061:07 pmRNSCircular posted
23rd Aug 20066:00 pmRNSHolding(s) in Company
16th Aug 20067:00 amRNSNew MD appointment
10th Aug 20067:01 amRNSDisposal
10th Aug 20067:01 amRNSAcquisition
31st Jul 200612:47 pmRNSStatement re Board Change
18th Jul 20067:00 amRNSTrading Statement
6th Jul 20069:35 amRNSHolding(s) in Company
16th Jun 20062:22 pmRNSHolding(s) in Company
12th Jun 20066:27 pmRNSHolding(s) in Company
6th Jun 20067:03 amRNSTermination of discussions
24th May 20062:58 pmRNSHolding(s) in Company
19th May 20065:32 pmRNSHolding(s) in Company
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