Wagamama owner Restaurant Group rises on higher annual profit outlook

Restaurant

06/09/2023 08:06

** Shares of Restaurant Group  RTN.L  up 5.2% at 46p; stock
is top gainer in FTSE small-cap index  .FTSC 
    ** Stock among top pct gainers across London
    ** The owner of Wagamama expects higher annual profit after
posting an increase in HY earnings, helped by more people dining
at its joints
    ** Trading momentum remains encouraging with Wagamama
enjoying better soggy summer weather than Pubs - Stifel analyst 
    ** Co also posts 15% rise in HY adjusted core profit to 36.3
mln pounds ($45.61 mln) 
    ** As of last close, stock up 41.9% YTD

    ($1 = 0.7959 pounds)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))