UK terror attacks knock trading at Revolution Bars

TERROR attacks in Manchester and London were behind a brief hit to trading at cocktail business Revolution Bars in the aftermath of the incidents.

Manchester’s attack on May 22 and London’s Borough Market attack on June 3 were cited as reasons for a short knock to sales.

“[Both incidents] impacted business during the days that followed, particularly in the North West where the group has a significant number of venues – five in central Manchester and five in Liverpool,” Mark Mcquater, the firm’s chief executive, said.

The trading statement showed likefor-like sales growth had slowed to 1.5pc, compared to the 1.7pc rate reported for the 44 weeks prior to the attacks. But the company said the pace of sales growth had risen in the past six weeks to a rate of 2.7pc.

The recovery since the terror attacks means total sales for the year to July 1 are up 9.2pc, better than the 6.9pc for the same period last year. Shares closed up 11.7pc at 129p.