Shares in Regent Inns closed up almost 7% after the group reported a 2% increase in full-year like-for-like sales at its branded sites. The company’s shares were up 6.5p at 100pence at the close of the day, having earlier risen 15%. House broker Panmure Gordon upgraded its forecasts by 4% and target price from 110p to 120p on the strength of the results. Analyst Douglas Jack said: "This may prove conservative, assuming 1.5% like-for-like sales growth and outlet Ebit margins declining 20 basis points due to higher depreciation."