The largest regional brewer in the UK, Wolverhampton & Dudley, reported profits before tax and exceptionals for the 52 weeks to September 28 of £74.0m, down 3% from £76.1m last year. Analysts' forecasts had ranged from £73m to £74.6m. The company, which produces the Banks's and Pedigree beer brands, also said that trading in its 1,630 pubs had deteriorated in October and November. It said like-for-like sales in its 488 Pathfinder pubs had fallen by 0.5% over the past two months.