RESTAURANT GROUP Restaurant Group, which owns Frankie & Benny's, has had its rating downgraded from "buy" to "hold" at Canaccord Genuity, with a target price of 700p down from 760p. The broker says the Uefa football championships and Olympics will be a distraction next year. The living wage kicking in will put pressure on operating margins, which will hit the group hard as "we do not think [it] has any pricing power, especially outside London".