Restaurant Group CEO Andy McCue to step down

Writer, Stock Market Wire
Thursday, February 14, 2019 - 08:44

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


Related content

Broker Forecast - Peel Hunt issues a broker note on Restaurant Group (The) PLC

Peel Hunt today upgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to add (from hold) and cut its price target to 135p (from...

Fri, 12/04/2019 - 13:10


Restaurant Group is too cheap to ignore: buy now ahead of the recovery

Author: 

With its valuation, share price and arguably sentiment so depressed, now is the time to invest in Restaurant Group (RTN) in hope that the...

Thu, 11/04/2019 - 00:00


News on ASOS, JD Sports, Restaurant Group and more over the past week

Author: 

After a big profit warning in December 2018, online fashion retailer ASOS (ASC:AIM) disappointed again on 19 March with its first half update, leading the...

Thu, 21/03/2019 - 00:00


Restaurant Group and JD Wetherspoon

“The idea that Brexit could potentially be delayed has stirred up investor interest in UK stocks, as illustrated by the FTSE 250 rising 0.2% following...

Fri, 15/03/2019 - 12:52


Restaurant Group profit falls 51% on writedowns, restructure charges

Restaurant Group booked a 51% drop in annual profit owing to write-downs, restructuring costs and expenses associated with its acquisition of Wagamama.

Pre-tax profit for...

Fri, 15/03/2019 - 07:14