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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Food & Drink Gp | LSE:FDG | London | Ordinary Share | GB00B0WYV516 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.85 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:6158S
Food & Drink Group (The) PLC
18 April 2008
THE FOOD & DRINK GROUP PLC
("FDG" or "the Group")
Disposal and Trading Update
The Food and Drink Group plc announces that it has completed the disposal of its
leasehold bar in Maddox Street, London, for net cash consideration of £0.6m. The
disposal proceeds will be used to reduce the Group's net debt and will also
result in a profit on disposal of the site in the region of £0.2m. The site made
no contribution to profitability last year and it is not expected that the
disposal will result in a material change in the profitability of the Company in
the current year.
The Group has experienced worsening trading conditions over the last two months
and whilst performance is anticipated to improve during the historically strong
summer trading period, it is expected that performance will be significantly
below market expectation for the financial year ending 27 September 2008.
18 April 2008
ENQUIRIES:
The Food & Drink Group PLC Tel: 020 7349 4440
Stephen Thomas, Chairman
James Kowszun, Chief Executive
College Hill
Justine Warren Tel: 020 7457 2020
KBC Peel Hunt
Matt Goode/Capel Irwin Tel: 020 7418 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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