Restaurant Group reveals sales slowdown

Frankie & Benny's owner Restaurant Group dived in value in the UK today after it revealed a sharp slowdown in sales in the run-up to Christmas.

The group, which also owns the Chiquito and Garfunkel's restaurant brands, said like-for-like sales were 1% higher in the final quarter of 2007, compared with an average 7% increase seen across the rest of the year.