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Restaurant Group changes top man

The Frankie & Benny's owner has decided to change its chief executive to try and buck up trading
August 12, 2016

It's the start of a new era for Restaurant Group (TRG). Not that Danny Breithaupt's tenure as chief executive lasted all that long. Mr Breithaupt joined the company as far back as 2001, but only took over the top job in September 2014. Since that point, the group's share price has lost a significant amount of value, down 40 per cent alone year-on-year, which has forced the board to re-evaluate its options. In short, Mr Breithaupt is out and Andy McCue - former chief operating officer and interim chief executive at Irish gambling group Paddy Power up until its recent merger.

IC TIP: Buy at 419p