Hit for Hollywood Bowl

Hollywood Bowl shares fell despite new openings and refurbishments driving profits up.

It expects pre-tax profit for the year to september 30 to have risen by more than 10pc, ahead of market forecasts. total revenue for the year jumped 7.7pc, while like-for-like revenue growth increased by 5.5pc.

the group, which runs 60 ten-pin bowling sites across the UK, has opened new sites at Lakeside and watford and also invested in rebranding its former AMF bowling sites.

hollywood Bowl currently has a pipeline of seven new bowling centres as well as three trial golf sites, as it continues its expansion. shares fell 1.3pc, or 3p, to 224p.