Young’s, the London-based brewer and pub operator, has announced it achieved a 2.4% increase in like-for-like sales at its managed pubs during its first quarter. The company, which operates 120 managed pubs that account for 88.5% of revenues, said that total sales were up by 2.1%. Describing the performance as a “good start” it also reported that it had seen an improved performance in its hotels, carried over from its last second half. However, the group gave no indication on trade at its 99-strong tenanted estate. Christopher Sandland, chairman of the group, said: “I am pleased to report that we have made a good start to the current year with trading in line with the board's expectations. “Our well-invested estate, coupled with our premium position and the quality of our food offering, has enabled us to make progress against last year despite market conditions. Sandland added: “Whilst we remain watchful of the economic outlook, we believe that we are well placed to manage any further challenges that may emerge and we remain confident about our prospects for this financial year."