"The board continues to receive our support as they assess the best options to deliver long-term shareholder value."
In addition to Wagamama, TRG owns a concessions business at transport hubs, a pubs division and the Chiquito and Frankie & Benny's casual dining chains.Last week, it issued a positive trading update and was boosted this week by a research note from analysts at Shore Capital who cited its"robust performance".It recently announced plans to close 35 underperforming sites, while others in the sector, such as Prezzo, are turning to insolvency mechanisms to enforce site closures.
A spokesperson for TRG said:"As you will have seen from last week's trading update, the market's reaction and upgrades from the analysts, we will continue to let our numbers do the talking."
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