Rank expects challenging year
It said analysts' estimates for adjusted EPS were 9.5 pence to 9.8 pence, with a mean average of 9.6 pence. "The outlook for 2011 remains challenging with the increase in the standard rate of VAT and public sector redundancies likely to have a negative effect on consumer sentiment in Britain," the company said in a statement.
Rank, owner of Mecca bingo halls and Grosvenor casino chains, reported a 3 per cent gain in like-for-like revenue for the nine weeks to December. 5.
For the year to week 49, revenue was up 7 per cent or 4 per cent on a like-for-like basis.