Restaurant chain owner Hostmore, which owns the Fridays and 63rd+1st brands, saw its share price hammered by 18 per cent yesterday. It slashed revenue expectations for the second half, with like-for-like sales anticipated to be 11 per cent lower than the comparable period in 2019. Trading conditions are anticipated to "remain challenging, exacerbated by inflationary pressure on the consumer and the risk of higher utilities supply pricing", the company said yesterday morning.

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