Capital Pub Company this morning released a brief trading update reporting that the company is performing to budget in a resilient London market. The company said that its estate of freehold pubs continued to trade well in a London market that has remained resilient. The group said that whilst it was mindful of the economic climate, it was optimistic that further progress could be made this year. Capital reported that it planned to focus on maximising efficiencies across its pubs and head office. The statement follows recent comments by Capital’s chief executive Clive Watson that the group was looking to purchase new pubs, with the current softening in values making it a good time for acquisitions.