UK: Analyst warns of tough future for UK brewing
With the UK's FTSE 100 at a three year low, stocks in the UK's brewing companies may not be the safe haven they are traditionally thought as, an analyst statement said this week. Equity analysts WestLB Panmure warned that while UK brewing demand fell 3.7% on a moving annual total at the year end June 2001, spirits volumes grew 2% and wine saw a jump of 8%.