Young’s has seen its share price rise by over 4% after the firm cited the late May bank holiday and the World Cup for a recorded increase in trading.

The pub and bedrooms operator said in its AGM update for the 14 weeks to 6 July that its "strong trading momentum" in its full-year results has continued into the new financial year, with revenue increased by 9.4% and 5.5% on a like-for-like basis against a “strong prior-year comparator”.

The firm said that this performance was supported by "exceptional trading" over the late May bank holiday, especially in pubs with gardens and at its riverside locations.

It added that it has benefited from the start of the World Cup, including extended opening hours for later England matches, as well as from the beginning of Wimbledon.

Furthermore, Young’s said its recently acquired Cubitt House estate has made an early contribution to its performance and is integrating as planned.

The pub operator stated that its ability to capitalise on this opportunities "reflects the strength" of its strategy and it remains confident in the year ahead, despite the challenges facing the sector.

CEO at Young’s, Simon Dodd, stated: "We are very pleased with our strong start to the new financial year, and I would like to thank all our teams for their hard work and dedication in delivering this performance.

"Our premium, well-invested and differentiated pubs and bedrooms continue to deliver, with Young’s pubs performing strongly in the first quarter. This was supported by favourable weather, a busy summer of sport, with England’s success in the World Cup so far a welcome boost, and contributions from our expanded estate, as we integrate the Cubitt House pubs.

"While the backdrop remains challenging, we are well positioned and looking ahead to the rest of the year with confidence."

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