Caluccio's shares look a "reasonable bet" according to the Equity View column in The Sunday Telegraph following a recent positive pre-close trading update issued ahead of full-year results in December. Despite a smoking ban implemented in April, turnover for the year to September increased by 24% and shares, although fairly volatile, have been trending steadily upwards. The Italian-themed restaurant chain now has 27 outlets and analysts believe eventually it could have an estate of at least 80 outlets. Shares currently stand at 159p, but house broker Altium Securities has set a target price of 180p and believes there is potential for dividends to grow faster than current projections. The Sunday Telegraph 29/10/06 (Business) page 9