MARKET REPORT: Revolution cocktail bars shaken by 7% fall in its share price after extreme weather causes a stir



A profit warning punished Revolution Bars shares yesterday as the cocktail chain blamed both the snow and sun for keeping drinkers out of its bars.
In a downbeat trading statement, the 72-strong bar chain said that March's cold snap and the unusually hot recent weather led to 'challenging and volatile' trading as it reported a 1.7 per cent slump in sales in the six months to June 9.
Fending off two takeovers – one from Slug & Lettuce owner Stonegate and another from Deltic – and losing chief executive Mark McQuater, also contributed to the poor performance, it said.
New chief executive... read more

 
Thursday, 22:23 in Business, Views: 88
Source: Daily Mail
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