Market Pulse
Sunday share tips: The Restaurant Group, RBS, Connect Group
The Restaurant Group remains on the menu for the Sunday Times' Inside the City columnist Danny Fortson, three months after it was recommended in the paper while he was on holiday. After the Garfunkels owner's third profit warning in a year, the shares are a dog's dinner, but the main reason for the company's problems is down to the largest of its group of eatery brands: Italian chain Frankie & Benny’s, which accounts for 50% of the company’s empire but is looking a bit outdated.
Sunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: “Any continuing interest that we have in BHS would be on the basis that we would anticipate that there would not be any job losses, including jobs at head office, and that all stores would remain open.