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Pin to quick picksYoung & Co's Brewery Share News (YNGA)

Share Price Information for Young & Co's Brewery (YNGA)

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Share Price: 980.00
Bid: 972.00
Ask: 984.00
Change: 0.00 (0.00%)
Spread: 12.00 (1.235%)
Open: 962.00
High: 984.00
Low: 962.00
Prev. Close: 980.00
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Britain helps pubs by raising 'draught relief' on beer

Wed, 15th Mar 2023 12:54

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered extra help to pubs by reducing the tax paid on draught beers and ciders, resulting in the duty paid on a pint served in a bar undercutting the rate paid by supermarkets by up to 11 pence.

"In December, I extended the alcohol duty freeze until 1 August, after which duties will go up in line with inflation in the usual way," Hunt told parliament in his budget statement.

"But today, I will do something that was not possible when we were in the EU and significantly increase the generosity of Draught Relief, so that from 1 August the duty on draught products in pubs will be up to 11p lower than the duty in supermarkets, a differential we will maintain as part of a new Brexit pubs guarantee." (Reporting by David Milliken, Writing by Paul Sandle)

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(ShareCast News) - Fuller, Smith & Turner and Young's have lodged offers to buy Cubitt House, according to Sky News. Cubitt House's stable of bars includes some of best-known pubs - The Thomas Cubitt, The Orange, The Alfred Tennyson, and The Grazing Goat. A source close to the process told Sky News

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Young & Co's Brewery enjoys strong start to the year

Pub operator and brewer Young & Co's said it has started the year well with strong house sales, good acquisition returns and economic momentum. Ahead of its annual general meeting, the group posted an increase in managed house sales for the first 13 weeks, which rose 8.3% in total and 5.6% on a like

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