Revolution Bars update cheers investors

AIM-listed Revolution Bars (LON:RBG) saw its share price climb by 7.77% to 30.50p (as of 12:30 GMT) after outlining plans for reopening as lockdown comes to an end. Management said that 20 branches would open from April 12th and the remainder would restart trading in May.

CEO Rob Pitcher commented: “With the encouraging progress of the vaccination programme, clarity in the timetable to reopening, and the additional financial support measures announced by the Chancellor, the light at the end of the tunnel is getting brighter.

“Notwithstanding that good news, our industry remains on the critical list and the continued support announced by the Government is required to ensure that we can be in a position to return to growth and be a driver of national job creation once again particularly for young people who are the lifeblood of our industry and who have been severely impacted over the last year.

“We are excited at the prospect of welcoming back our colleagues and guests and providing fun and memorable experiences for them as lockdown restrictions ease“.