Rank Group closed down 3.5p to 259.75p as traders expressed concern about a worse-than-expected performance by its Hard Rock restaurants and the bingo division, says the Stock Markets column in The Times.

The share price fall came despite reporting first-half pre-tax profits up 3% to £85.1m. Analysts remain bullish, however. ING raised its full-year target to £202m. Merrill Lynch said it would review its forecasts and reiterated its "strong buy" recommendation"

Rank ruled out a share buy-back.

The Times 07/09/02 page 43 (Stock Markets), page 47 (Need to know & Results in brief)
The Daily Telegraph 07/09/02 page 33

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