STOCK WATCH

CAFE and bar operator Loungers got a lift as it cheered a ‘significant outperformance of the market’ following the relaxation of lockdown restrictions.

The company, which operates more than 180 clubs and restaurants through its Lounge and Cosy Club brands, said sales in the 20 weeks to October 3 were nearly 27pc ahead of the same period in 2019, boosted by the temporary VAT cut for food and nonalcoholic drinks.

The firm added that it plans to open another 10 sites in its current financial year.

The shares were up 1.7pc, or 5p, at 297.5p.