It seems while the land based bingo clubs have been severely struggling over the last few weeks with some of the coldest weather most of us will remember, it is not just managers and operators that are concerned over lower profits, shareholders seem somewhat cautious as well.

Rank, the parent company of Mecca Bingo and Grosvenor Casinos, saw its share price fall 3.47 percent to 133.7p today on a day that the FTSE 100 gained more than 1 percent. The Rank share price was at a 12 month high having climbed from a 12 month low of 80p, which is a similar increase of many other shares that saw heavy declines in the midst of the recession. The recent growth signified investor confidence in the company but the surprising decline today begs the question as to whether the city is expecting further declines in revenues as a result of the current weather conditions. Most of the fallers today in the FTSE 250, in which Rank shares are traded, were down as a result of concerns related to profits and with Rank shares being the second biggest faller in the group. It appears that the city has lost some of its optimism in the gaming giant.

It will be interesting to see how the shares are traded in the next few days.