Restaurant Group expects drop in annual sales, launches equity raising

(Reuters) - Frankie and Benny's chain owner Restaurant Group said on Wednesday it expects a 50% slide in total sales for the full year 2020, assuming all its restaurants and pubs remain closed until the end of June, due to the coronavirus lockdown.The company, which operates over 650 restaurants and pub restaurants throughout the UK said in a separate statement, it is proposing to carry out a share placement of up to 19.9% of the capital, to buffer the hit from ongoing challenges raised by the..