Rank shares plunge on weak trading update

Operator’s executive board adjusts its group FY18 profit forecast to £76m despite strong digital growth

Rank Group this morning reported a 2% year-on-year drop in group revenues for the 13 weeks to 1 April 2018, although digital revenues continued to grow by double digits. Retail revenues fell 2% and 9% for Mecca and Grosvenor respectively which the board attributed to fewer visits due to the cold weather. However, digital revenues…

Finance | Henry Birch | Rank Group | Rank Interactive | Regulus Partners | Strategy