Young profits up but brewer warns of difficult conditions
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.JOHN YOUNG, chairman of Young & Co, yesterday unveiled a 5 per cent increase in adjusted pre-tax profits at the London-based brewer and drew attention to the "difficult market conditions" experienced across the industry, due to "poor summer weather and a general slowdown in consumer spending".
Blake Dixon, chairman of the dissident shareholder Guinness Peat Group, which failed in its attempt to break the three-tiered shareholding structure at July's annual meeting, admitted the figures "did not look bad" but maintained that enfranchising non-voting shareholders was the only way to increase City confidence and raise the capital to increase Young's retail base. The shares ended up 6 per cent at 627p, but still well below the July high of 810p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments