Hammersmith causes dive in shares for Po Na Na
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Hammersmith causes dive in shares for Po Na Na

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Po Na Na is losing £10,000 a week on its new flagship venue in Hammersmith, home of the former Hammersmith Palais. In the last month, sales at the venue have dived from £100,000 to £45,000 a week, leading to a 21 per cent slump in shares from 115p to a low of 90p. The company had hoped of sales of £60,000 a week at the venue that opened on 9 February. Po Na Na's forecast for results to the year ending 24 March 2001 will be cut, although the group has said that trading in its other venues has 'remained satisfactory and in line with expectations' and that new openings in Putney, Wimbledon, Leicester and Lincoln, had performed well.

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Po Na Na is losing £10,000 a week on its new flagship venue in Hammersmith, home of the former Hammersmith Palais.
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