Revolution Bars surged after it revealed that its long-term future had been secured as its restructuring plans received approval from the High Court. Bosses said the restructuring will boost Revolution Bars' pre-tax earnings by £3.8m annually, a big boost after struggling in the wake of the pandemic. Revolution will also benefit from amended obligations on £30m of debt with lender NatWest, including seeing £4m written off, alongside having longer to pay taxes. Raising a glass: Bosses said the restructuring will boost Revolution Bars' pre-tax earnings by £3.8m annually, a big boost after struggling in the wake of the pandemicRevolution jumped 18.2 per cent, or 0.2p to 1.3p. But FTSE 250-listed publisher Future shed 2.5 per cent, or 27p, to 1040p after Canaccord Genuity analysts cut their stance to sell from hold.

Source: Daily Mail August 09, 2024 20:55 UTC