Liverpool pub group and brewer Cains has told its AGM that performance has been encouraging since the beginning of the month Cains said it is pleased with the progress of its plans to turn around the business at its Annual General Meeting today. It admitted trading had been “challenging” in the first half of the year but added performance had been encouraging since the start of May. The company had also benefited from recent wins in its contract packaging and brands division, said chairman Roy Morris. He said: “Our pub refurbishment programme, which is key to the turnaround of the group, is now well underway with three sites having been refurbished, including the Malbank Inn in Nantwich, which re-opens later today following a significant investment into it. “Five further sites have been identified for refurbishment as the next part of the rebranding exercise with another 30 in the pipeline. We intend to complete the refurbishment of these five sites within the next three months.” Morris said Honeycombe Leisure, which it acquired via a reverse takeover last year, had now been fully integrated into the Cains business.