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| Half of Chiquito restaurants under threat | Half of Chiquito restaurants under threat |
| (about 1 hour later) | |
| Half of Chiquito restaurants are under threat following a review by their owners, the Restaurant Group. | Half of Chiquito restaurants are under threat following a review by their owners, the Restaurant Group. |
| In March, it identified 76 Frankie & Benny's restaurants in what it now considers to be unfavourable locations and it has now highlighted 42 more sites, which are mainly Chiquitos. | In March, it identified 76 Frankie & Benny's restaurants in what it now considers to be unfavourable locations and it has now highlighted 42 more sites, which are mainly Chiquitos. |
| Restaurant Group reported a loss for the first half of the year. | Restaurant Group reported a loss for the first half of the year. |
| It was caused by it writing down the value of restaurant sites seen as being "structurally unattractive". | It was caused by it writing down the value of restaurant sites seen as being "structurally unattractive". |
| There are 79 Chiquito restaurants across Great Britain, with the highest number, 10, in the West Midlands, but it it not known which ones are under threat. | There are 79 Chiquito restaurants across Great Britain, with the highest number, 10, in the West Midlands, but it it not known which ones are under threat. |
| A spokesman told the BBC that as each restaurant's lease came up for renewal, its future would be considered. | A spokesman told the BBC that as each restaurant's lease came up for renewal, its future would be considered. |
| Shares in Restaurant Group fell by nearly 14% in early trading on Tuesday. | Shares in Restaurant Group fell by nearly 14% in early trading on Tuesday. |
| The spokesman added that those sites identified as structurally unattractive were "mostly situated in retail sites, leisure parks and next to cinemas, and footfall is massively declining in those areas". | |
| He said the company - which has 650 sites in total - would be "highly disciplined in considering whether or not leases are renewed" as each one neared its end. | He said the company - which has 650 sites in total - would be "highly disciplined in considering whether or not leases are renewed" as each one neared its end. |
| Restaurants would not definitely close, but each will be reviewed on a case-by-case basis. | Restaurants would not definitely close, but each will be reviewed on a case-by-case basis. |
| By contrast, he said that Wagamama, which was bought by the group last year, was doing well because it reflected the increased consumer demand for convenient and healthy food. | By contrast, he said that Wagamama, which was bought by the group last year, was doing well because it reflected the increased consumer demand for convenient and healthy food. |
| The group's like-for-like sales were up by 4% in the first half of 2019. Total sales jumped 58.2% to £515.9m, helped by the integration of the newly-purchased Wagamama restaurants into the business. | The group's like-for-like sales were up by 4% in the first half of 2019. Total sales jumped 58.2% to £515.9m, helped by the integration of the newly-purchased Wagamama restaurants into the business. |
| But the exceptional charge of £115.7m meant that the group reported a pre-tax loss of £87.7m for the half year, compared with a profit of £12.2m in 2018. | But the exceptional charge of £115.7m meant that the group reported a pre-tax loss of £87.7m for the half year, compared with a profit of £12.2m in 2018. |