- Young & Co.'s Brewery has reported a strong start to the current financial year with trading in line with its expectations.

Managed house sales for the first 13 weeks are up 10.7% in total compared with the equivalent period last year, and up 6.8% on a like-for-like basis.

During the last fortnight Young's has acquired three further freehold pubs within its London heartland.

In a statement ahead of today's AGM Nick Bryan, the chairman, said: "Our well located and invested estate together with our premium positioning as regards both product and service standards have enabled us to make strong progress against last year.

"Although remaining realistic about the economic outlook and consumer confidence, our recent performance demonstrates our ability to meet challenges that emerge and we are confident about our future prospects."

At 8:06am: [LON:YNGA] Young & Co's Brewery share price was -5p at 872.5p

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