Page 3 - Rob Pitcher News Today

Shares in Revolution Bars plunge as group says economic conditions are hitting younger consumers

Revolution Bars Group is to shut eight sites across England after blaming the impact of the cost of living crisis on its younger customers.

Revolution has announced it will close its Revolucion de Cuba bar in Above Bar Street, Southampton

The FTSE 100 moved 33.46 points lower on Friday, or 0.43%, to close at 7,689.61.

Its fair to say C4X Discovery had a fantastic start with the shares advancing 113 per cent after drug giant AstraZeneca delivered an $11million post-Christmas windfall.

Revolution Bars swung to a statutory pre-tax loss of £22.2 million in the year to the end of July, having made a profit of £2.1 million a year ago, it said, as it warned of 'very challenging times'

The Morning Advertiser's Ed Bedington caught up with Revolution boss Rob Pitcher to get his take on the week's news from inflation to late night closures and the opportunities for AI.

The company behind the deal said they were flipping the script on the cost-of-living crisis with a menu that would make customers taste-buds do a little victory dance.

Hilton UK & Ireland managing director Steve Cassidy will take over the role of chair at UKHospitality (UKH) tomorrow (Wednesday 14 June) from Steve Richards, CEO of Parkdean Resorts, who will become president for the trade body.

UKHospitality said Steve Cassidy will take over as chair this week as Steve Richards, of Parkdean Resorts is made the President.