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THE RESTAURANT GROUP
Numis reiterated its “buy” rating for the Frankie and Benny’s owner. Numis is predicting a healthy set of results when figures are released on 28 August, with profit before tax expected to be up nine per cent. It expects growth to be less reliant on Frankie and Benny’s than in previous years.
S&P Capital IQ maintained its “hold” rating for the London-headquartered banking group. It trimmed its 2015 earnings per share forecast by one per cent to 20p due to a weaker South African rand. South Africa contributed 62 per cent of adjusted operating profit in the first half of 2015.