UK: London brewer Young’s has shrugged off uncertain weather and England’s early exit from Euro 2004 to record an encouraging start to the summer, The Publican wrote on July 13. Chairman Sir John Young told shareholders at the company’s annual meeting that the business has seen growth in beer volumes, sales and profits across the past three months.

“Better economic conditions and the positive benefits of operational changes” have more than offset increased red tape costs, said Sir John. He added: "We have seen only a very limited benefit to trade arising from the European Championships, and this occurred only on those days when England were actually playing. "Looking ahead, we now move into a period where last year's trading was benefiting from the excellent summer weather. Nevertheless, we are confident that we are on track to deliver continued progress."

13 July, 2004