Follow John on:
Small cap movers: Revolution Bars cries viva el government!
A look at some of the major movers this week in the world of small caps
It was a case of Viva La Revolución as Revolution Bars Group PLC (LON:RBG) welcomed the government’s latest lockdown guidelines.
The company, whose brands include Revolución de Cuba, said trading at its bars has been extremely strong since the government allowed bars with outdoor drinking spaces to reopen for business.
The shares rose 20% after the company said it is confident that further pent-up demand exists and that strong trading is anticipated in the months to come as restrictions fall away and it fully opens up its estate.
It was a case of Viva La Revolución as Revolution Bars welcomed the government’s latest lockdown guidelines.
The company, whose brands include Revolución de Cuba, said trading at its bars has been extremely strong since the government allowed bars in England that have outdoor drinking spaces to reopen for business.
The prime minister, Boris Johnson, confirmed on 10 May that restrictions would be eased further on 17 May to allow indoor dining and drinking in England and that the country remains on track for a return to restriction free trading on 21 June.
Revolution Bar shares rose 20% after the company said trading at its bars has been extremely strong since bars with outdoor seating were allowed to reopen on 12 April