The famous Brighton Pier on England’s south coast, 1,722ft or 525m long and full of amusements, suffered last year because of bad weather in August and engineering work on the main London-Brighton railway line discouraged day-visitors to the town.
The Brighton Pier Group that owns the structure, plus a string of bars and golf courses all over Britain, has warned that its profits will be 20 per cent lower in the current financial year. The profit warning sent shares in the company down 42 per cent before recovering to 24 per cent down. Entrepreneur Luke Johnson bought the pier for £16m in 2016.
