Stockwatch

Scottish & Newcastle fell 5.8% to 509p. Earlier in the week it unveiled annual pre-tax profits up 6% to £415m. The results were at the low end of market expectations.

Jurys Doyle, which looks set to open a three-star hotel in Croydon, south London, climbed 5.9% to 420p ahead of its annual results.

Oriental Restaurants, which this week announced a pre-tax loss of £2.3m for the year to 31 March, was not so lucky and fell 1.6% to 62p.

The biggest slide of the week was experienced by Hanover International, which fell 8.3% to 116p. Last week it announced it is buying the six-strong Andrew Weir hotel group (Caterer, 6 July, page 8).

Whitbread, reported to be interested in buying sandwich shop chain Pràt à Manger, crept up 2.4% to 610p. Compass, also understood to be interested in the chain, fell 3.9% to 837p. Granada, which now owns Compass, dipped 3.9% to 634p.

TABLE: SHARE PRICE (PENCE)

Value at Value at %

8/7/00 1/7/00 change

Allied Leisure 123.5 123.5 0.00

Alpha Airports 46 45 +2.22

Bass 747 743 +0.54

Belgo Group 4.75 4.75 0.00

Capital Bars 33.5 33.5 0.00

City Centre Restaurants 51 54.5 -6.42

Compass 836.5 870.5 -3.91

De Vere Group 318 308 +3.25

Friendly Hotels 81 83.5 -2.99

Granada Group 634 660 -3.94

Groupe Chez Gérard 156.5 161 -2.80

Hanover International 116 126.5 -8.30

Hilton Group 226 232 -2.59

Jarvis Hotels 106 106 0.00

Jurys Doyle 420 396.5 +5.93

Macdonald Hotels 166.5 167.5 -0.60

Millennium Copthorne 419 409 +2.44

Old English Inns Co 103.5 105 -1.43

Oriental Restaurants 61.5 62.5 -1.60

PizzaExpress 651 630 +3.33

Queens Moat Houses 16.5 16 +3.13

Queensboro' Holdings 19.25 19.25 0.00

Rank Group 149 153 -2.61

Regal Hotel Group 26.5 25 +6.00

Ryan Hotels 71.5 72.5 -1.38

Scottish & Newcastle 508.5 539.5 -5.75

Slug & Lettuce 184.5 186.5 -1.07

Thistle Hotels 136 128 +6.25

JD Wetherspoon 365 373.5 -2.28

Whitbread 609.5 595 +2.44

FTSE Leisure & Hotels 3652.90 3740.90 -2.35

FTSE All Share 3104.49 3029.74 +2.47