Revolution Bars Group yesterday said it expects trading for the rest of the year to be "challenging", as young clubbers scale back nights out due to the cost of living crisis. In its full year results, the group said like-for-like sales were down 8.7 per cent against pre-Covid levels, as it warned that trading in its late-night bars was "difficult" due to younger guests "struggling financially". Despite this, revenues for bookings for Christmas parties were up 24.7 per cent compared to the same time last year. Revolution, which owns 68 premium bars and 21 pubs, also noted a reduction in wholesale electricity prices, easing cost pressures. Shares closed down marginally.

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