Adnams warns of "dire" conditions in pub trade
Brewery group Adnams warned over full year profits today as it said it was battling against dire conditions in the UK pub sector.
The Suffolk-based brewer and leisure firm said profits for the 2008 would be ``substantially" lower than 2007 after a deterioration in trading since its last update in August.
Adnams saw its beer volumes fall 6% last year, hit hard by the wider problems in the pub industry as reports suggest around 39 are closing down each week.
Volumes plunged 10% in on-trade pubs, it added.
Figures also out today from the British Beer and Pub Association (BBPA) recorded the highest fourth quarter fall in beer sales since records began, with 2.2 million fewer pints of beer bought every day in pubs, restaurants and shops compared with the same period in 2007.
