Restaurant Group CEO Andy McCue to step down

British restaurant and pub chain The Restaurant Group announced on Thursday that chief executive Andy McCue would step down from his position due to "extenuating personal circumstances".

The company said a search for his replacement would start immediately and anticipated that Andy would remain in position during the recruitment process.

"While I recognise that this decision is untimely, it is the right one for me and my family. We have a strong team in the business and a clear plan which we are focused on delivering," said Andy McCue.

At the same time, the company said that current trading remained "in line with expectations".

At 8:44am: (LON:RTN) Restaurant Group The PLC share price was -16.25p at 129.75p