As the UK basks in a heatwave, pub companies are set to enjoy a significant boost as sunbathers and over-heated commuters quench their thirst. And Young & Co's Brewery (YNGA) was first back from the bar with an eye-catching trading performance in the first quarter.
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The company's managed estate, which is almost entirely London-based, posted a like-for-like sales increase in the first 13 weeks of the year of 6.8 per cent. The company also acquired a further three freehold pubs in London. The industry in general could benefit from the benign weather with analysts chalking up an additional £60m of extra sales this month, though it's likely to be pubs rather than restaurants which feel the benefit.
