This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36167711
The article has changed 4 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Restaurant Group shares dive 25% | |
| (35 minutes later) | |
| (Noon): Shares in Restaurant Group - the owner of Chiquito and Frankie & Benny's - dived almost 25% after it cut its full-year profit forecast. | |
| Shares fell 92p to 281p after the FTSE 250 company said it had seen "a further deterioration in trading conditions". | |
| It now predicts sales will fall by 2.5%-5%, and expects full-year profits to be between £74m and £80m. | It now predicts sales will fall by 2.5%-5%, and expects full-year profits to be between £74m and £80m. |
| Restaurant Group added its chief financial officer, Stephen Critoph, was leaving with immediate effect. | Restaurant Group added its chief financial officer, Stephen Critoph, was leaving with immediate effect. |
| Shortly before midday, the FTSE 100 was down 53.10 points, or 0.8%, at 6,269.30. | Shortly before midday, the FTSE 100 was down 53.10 points, or 0.8%, at 6,269.30. |
| BA owner IAG was one of the the biggest fallers in the FTSE 100, with its shares down 3.8%. The airline group said it was slowing its growth plans after it saw weaker demand following the Brussels terror attacks. | BA owner IAG was one of the the biggest fallers in the FTSE 100, with its shares down 3.8%. The airline group said it was slowing its growth plans after it saw weaker demand following the Brussels terror attacks. |
| The company - which also owns Iberia, Aer Lingus, and Vueling - also said it had seen weaker demand for its lucrative business and first class seats. | The company - which also owns Iberia, Aer Lingus, and Vueling - also said it had seen weaker demand for its lucrative business and first class seats. |
| Royal Bank of Scotland shares fell 3% after the bank's first quarter losses more than doubled to £968m. | Royal Bank of Scotland shares fell 3% after the bank's first quarter losses more than doubled to £968m. |
| The bank said the widening loss was mainly due to a one-off dividend payment of £1.2bn to the UK government. Operating profits rose to £421m for the quarter, up from just £37m in 201 | The bank said the widening loss was mainly due to a one-off dividend payment of £1.2bn to the UK government. Operating profits rose to £421m for the quarter, up from just £37m in 201 |
| On the currency markets, the pound edged up 0.1% against the dollar to $1.4627, but fell 0.3% against the euro to €1.2828. | On the currency markets, the pound edged up 0.1% against the dollar to $1.4627, but fell 0.3% against the euro to €1.2828. |