|Bid||32.20 x 810000|
|Ask||34.40 x 750000|
|Day's range||32.33 - 32.33|
|52-week range||21.00 - 42.00|
|Beta (3Y monthly)||0.65|
|PE ratio (TTM)||N/A|
|Earnings date||20 Jun 2019 - 24 Jun 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||37.95|
Andy Hornby, the former boss of bailed-out lender HBOS, will be paid up to £2.96m a year when he ends a decade-long absence from the stock market to become chief executive of The Restaurant Group. Mr Hornby's appointment, confirming a story first reported by Sky News , will also see him receive a golden hello worth £945,000 to compensate for lost bonuses at current employer, betting giant GVC. Shares in The Restaurant Group, which owns brands including Wagamama, Frankie & Benny's, Garfunkel's and Chiquito, were 1% higher by the close of trading.
Andy Hornby has been bouncing around boardrooms like one of LeBron James’s basketballs since banking group HBOS hit the rocks while he was on court running the thing. He’s been boss of Boots, had a spell at Coral, and is currently co-chief operating officer of the gambling firm GVC Holdings, which owns the bookie and may itself soon be looking for a new leader. Hornby looks to have ruled himself out of the running by joining the Restaurant Group (TRG), which today installed him as CEO on an eye-popping package that could net him up to £4m in his first year. Imagine what seeing that must feel like to people working long hours for little reward waiting on the group’s customers. It will be the first time Hornby has run a publicly quoted company since HBOS. Memories of that debacle, and the part he played in it, haven’t entirely faded. “Restaurant Group appoints a real banker as CEO. A banging of plates please for Andy Hornby, who made a real dog’s dinner as HBOS boss,” tweeted Mr Contrarian in response. An apt summation of the state of affairs. There are those who argue that James Crosby was chiefly responsible for the bank’s fall – it was ultimately rescued by Lloyds which later had to be bailed out as a result – and with some justification. But Hornby didn’t deviate much from the latter’s disastrous strategy when he took the thing on. Given the pain caused by HBOS’s demise, it shouldn’t be surprising that the way he has subsequently moved from big job to big job leaves a very bitter taste. There is a feeling that the gilded company of executives that runs corporate Britain closed ranks behind one of their own. Hornby was one of the bright young things of British business when he took control of HBOS at the callow age of 39. He joined the bank from Asda, where he had been a protege of Archie Norman. A man of considerable personal charm, his defenders claim that the alumnus of Cambridge and Harvard is also blessed with a business brain few can match. He is, they declare, a “talent” and it would be wrong for that to be squandered based on the events of more than a decade ago. We’re about to find out how true that is. Hornby is taking on a company facing considerable challenges, operating in a sector that also faces considerable challenges. TRG operates more than 650 pubs and restaurants across the UK. Its brands include Chiquito, Garfunkel’s, Coast to Coast, Frankie & Benny’s, Brunning & Price and Food & Fuel along with Wagamama, controversially taken over five months ago in the face of considerable resistance from a sizeable corps of the company’s shareholders. It won’t be an easy ride making a success of the deal. But its architect, Andy McCue, stepped down in February citing “extenuating personal circumstances”.If you’re Andy Hornby, there’s no reason to feel too much concern. There’ll probably be another big job around the corner if it all turns sour.
Andy Hornby, the former boss of bailed-out lender HBOS, will be paid up to £2.96m a year when he ends a decade-long absence from the stock market to become chief executive of The Restaurant Group. Mr Hornby's appointment, confirming a story first reported by Sky News , will also see him receive a golden hello worth £945,000 to compensate for lost bonuses at current employer, betting giant GVC. The Restaurant Group owns a number of brands including Wagamama, Frankie & Benny's, Garfunkel's and Chiquito.
Andy Hornby, the former HBOS chief executive, is to end a decade-long absence from the London stock market by becoming the next boss of The Restaurant Group (TRG), the owner of Wagamama and Garfunkel's. Sky News can reveal that Mr Hornby, the joint chief operating officer of Ladbrokes' parent company, GVC Holdings, is close to being appointed as Andy McCue's successor. TRG's board is understood to have identified Mr Hornby as its preferred candidate in recent days, prompting him to tender his resignation from GVC, according to a source close to the gaming group.
Frankie & Benny's owner Restaurant Group Plc will appoint Andy Hornby as its new Chief Executive, replacing Andy McCue, Sky news reported on Wednesday. The board of Restaurant Group has identified Hornby, ...
Advertising chief Johnny Hornby on Monday called on Sir Martin Sorrell to “mind his own business” and end his prolonged attack on his former employer WPP. Sorrell has criticised new WPP chief Mark Read’s strategy since he stood down amid denied allegations he used company cash to pay for prostitutes. Hornby told the Standard: “Martin needs to literally mind his own business.
Struggling toy trains maker Hornby saw light at the end of the tunnel on Wednesday as it sought to reassure jittery shareholders despite a difficult summer. The retailer, which is in the midst of a turnaround plan under new chief executive Lyndon Davies, had to secure an £18 million lifeline in June after warning on profits twice this year. Investors have been urged by shareholder advisory group ISS to vote against a golden goodbye today for its former boss, Steve Cooke.