The M&C20 was up 2.7% to 1,341 points this week, outperforming the wider market which ended up 0.7% at 1,077 points. The wider market will have been influenced by geopolitics and oil price speculation this week, leading the M&C20 to outperformance as investors retreat to what is a broadly domestic sector. The M&C will also likely have benefitted from the inflation report this week, as suggestions of mild deflation could mean further good news for the UK consumer.

Geopolitics was likely one reason for SSP Group’s 1.4% decline in share price as investors worry that a grexit and troubles in the Ukraine may hold back passenger numbers, thus impacting footfall to the travel hubs in which SSP operates.

Mitchells & Butlers was up 2.2% and The Restaurant Group was up 3.2% this week. Data from the Peach Tracker this week showed that restaurants have performed better than pubs recently and investors have likely seen TRG and M&B (which is perceived as more food-led than some of its peers) as the most likely to benefit.

The Peach Tracker also indicated that the provinces are beginning to outperform London and the south east, which may account for slight declines in Fuller’s and Young’s share prices, which ended the week down 0.2% and 0.9% respectively.

Domino’s Pizza Group bounced 3.2% this week recovering its losses from last week following the departure of the group’s chief financial officer, Sean Wilkins. The group, which is well liked in the City, has also been subject of broker upgrades this week.

JD Wetherspoon was also up this week, rising 2.9%. JDW shares have been weak recently following the group’s somewhat disappointing Q2 results. The shares are currently around the 800p mark at which the company has been buying its shares back.

Cineworld shares were down 2.4%, despite a strong performance from the Fifty Shade of Grey film expected this weekend. The shares have been strong recently, and even after the fall this week, are still up 5% over the last month.

Commentary provided by Will Brumby of Langton Capital