Young’s has announced its intention to transition to the main market of the London Stock Exchange after a “very strong” festive period saw like-for-like sales jump more than 11 percent.

The pub operator will apply to the Financial Conduct Authority to have its shares moved from their current listing on AIM, as the company continues to grow “considerably both in size and performance.”

“Trading was very strong over the Christmas and new year period, with like-for-like sales for the three-weeks to 5 January increasing by 11.2 percent, against a very strong prior year comparator,” said a spokesperson. 

“On key days, including Christmas Eve, Christmas Day and Boxing Day, trading was particularly good, with like-for-likes up 12.3 percent, and the former City Pub estate delivering 26 percent growth over Christmas and Boxing Day, reflecting the impact of its alignment with the wider Young’s proposition since acquisition.”

Speaking on its intention to move to the main market, the board said “admission will enhance the company’s corporate profile and appeal, including facilitating investment in the company by a broader group of UK and global institutional shareholders, reflecting the strength, resilience and growth potential of our business model and market position.”