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Young's soothes its investors

London-focused pubs group Young’s said yesterday it had made a solid start to the current financial year and was trading in line with expectations despite tough economic conditions. At its annual meeting the company said total sales at its 122 managed pubs were up 3.3 per cent in the 15 weeks to July 11, with like-for-like sales 0.1 per cent ahead of the same period the previous year.