PICCOLINO and Restaurant Bar & Grill owner Individual Restaurant Company today reported a slide in profits and revealed plans to cut costs by £2m this year.Manchester-based IRC, which is listed on AIM,  said it was trading well in a challenging market, and had refused to trim its margins by discounting. Chairman Robert Breare said: "The group anticipates that trading conditions in 2009 will at least be as challenging as those experienced in the latter months of 2008."Furthermore many operators have increased th......for the full story register now for free or login below...