STOCK WATCH

REVOLUTION Beauty Group crashed nearly 60pc after it issued a profit warning.

Trading since March has seen the beauty retailer wrestle with destocking, cost inflation, supply chain issues and Russia’s war on Ukraine – both countries are two of its key growth markets.

Earnings are expected to be between £18m and £20m, versus expectations of £30.5m. More alarm bells clanged after it delayed publication of its results. Shares fell 59.3pc, or 36.4p, to 25p.