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Luminar sales dip further

Nightclub operator Luminar has suffered pre-tax losses of £110.2m for the year to February. The group, which runs the Oceana and Liquid chains, said it would extend its live music offering and look for more custom from students. The company said chief finance officer Robert McDonald would stand down. Philip Bowcock, currently group financial controller of housebuilder Barratt Developments, will replace him from 1 June. Luminar chief executive Simon Douglas said: “I am determined to turn the business around. We will be undertaking new online marketing strategies and looking to appeal to more students.”