STOCK WATCH

SHARES in The Gym Group plunged amid concerns over the shift to hybrid working.

The company, which owns 224 gyms, said a ‘structural shift in working patterns’ after the pandemic has hit 16 gyms dependent on office workers.

It warned utility costs could rise by up to £10m next year. Revenue soared 78pc to £143.2m in the ten months to October. And memberships reached 838,000 – up 16pc against December last year.

But shares tumbled 17.3pc, or 21.4p, to 102.2p.