Restaurant Group has reported worsening trading conditions and warned it sees FY like-for-like sales down 2.5%-5.0%, translating into a FY pretax profit of GBP74m-GBP80m. It had expected a FY pretax profit of GBP89m.
Royal Bank of Scotland has slightly more than doubled its Q1 attributable loss to GBP968m, from a loss of GBP459m. Net interest income totalled GBP2.156bn, from GBP2.203bn.
Proton Power Systems has received a significant order for Fuel Cell Emergency Power Units from a blue chip German customer. The total order value is 1.8m euros for a number of systems which are all expected to be delivered and installed during 2016.