Blue chip stock prices in London, Paris and Frankfurt were in the green at Wednesday midday, while British pub operator JD Wetherspoon was down a notch as it warned on higher costs amid an incoming increase in national insurance contributions for UK employers.The UK Chancellor is unlikely to be celebrating after public sector net borrowing rose to £17.81 billion in December, far outpacing...

Firm closes eight bars to stem future lossesMacro headwinds and increase in national living wage biteBest festive trading in four yearsShares in premium bars and gastro pubs operator Revolution Bars (RBG:AIM) crashed 22% to 4.2p after the company said it is closing eight of its least profitable bars to reduce future site losses.Investors peered past positive festive trading and focused instead...

- Profit warning as travel disruptions hit confidence- Expectations rebased to bottom end of range- Closing some sites on Mon and Tues to manage energyShares in premium bars and pubs group Revolution Bars (RBG:AIM) fell 33% to 4.9p on Tuesday after warning full year profit would miss market expectations.Despite record Christmas corporate pre-booked party revenue up 10.3% on the same period in...

Shares in premium bar operator Revolution Bars (RBG:AIM) leapt 11% to 35.5p on Tuesday after the company said trading since outside spaces re-opened on 12 April had been extremely strong.Operating under the Revolution and Revolution de Cuba brands, the company opened 25 bars with outdoor spaces - out of its estate of 66 bars - including those permitted by the relaxations of restrictions in...

Shares in Revolution Bars (RBG:AIM) shot 13.6% higher to 23p on Thursday after the late night bars operator said it was positioned to emerge stronger from the pandemic.EMERGING STRONGERThe company has shown that when allowed to trade the business prospers, with positive like-for-like revenue growth and strong returns on investment in the refurbished sites.During the last few months management...

Shares in premium bars operator Revolution Bars (RBG:AIM) jumped 8.6% to 15.75p on Thursday after reporting trading ahead of expectations since reopening venues.At the 5 June fundraising and move to AIM the company detailed its base-case scenario of delivering 55% of prior-year sales by August with minimal improvement in September and October.As a result of the government's Eat Out to Help Out...

Embattled bar operator Revolution Bars (RBG:AIM) has delivered yet another profit warning and suspended its dividend amid weak trading, causing the shares to plummet 16.3% to an all-time low of 66.5p.Revolution Bars has suspended the dividend to prioritise investment in its estate and cut bank borrowings. There is currently no indication when the dividend will be re-introduced.SLOW START TO...

Shares in Revolution Bars (RBG:AIM) are languishing near all-time lows at 99p as an uplift in Christmas trading failed to offset the impact of declining sales and higher costs, prompting a profit warning.The company, which owns the Revolution and Revolucion de Cuba brands, has warned that adjusted earnings in the year to 30 June 2019 are expected to fall to £12m against consensus forecasts of...

Shares in bar operator Revolution Bars (RBG:AIM) have taken another hit after extremely hot (and cold) weather and the FIFA World Cup deterred revellers from enjoying a night out on the town.The shares slip 2.2% to 122.2p and now trade approximately 40% lower than they did a year ago.The owner of the Revolution and Revolución de Cuba brands says like-for-like sales declined 0.6% in the...

Exceptional costs of £9.6m dragged premium bar operator Revolution Bars (RBG:AIM) into a £3.7m operating loss in the 26 weeks to 30 December 2017.This is a significant drop from an operating profit of £5.1m in the year to 30 June 2017, causing the shares to slip 5.2% to 161.1p. Costs included M&A fees from a rejected takeover offer by Stonegate Pub Company and a proposed merger with Deltic...

Behind the scenes of every establishment owned by Revolution Bars (RBG) is a network of ice machines pumping out blocks of frozen water.The company says it produced more than 2,500 tonnes of ice in 2016 for use in its cocktails which typically sell for £9 a pop.Chief executive Mark McQuater says Revolution can make 70% to 80% gross profit margin on its cocktails. He also says it is easy to...