Fuller's managed pubs see 2.7 per cent sale rise

London brewer says costs are up and consumer still feeling the pinch Fuller, Smith & Turner has reported invested like-for-like sales across its managed pubs up 2.7 per cent in the 16 weeks to July 19, 2008. In an interim management statement (IMS) published before the London brewer’s AGM today, chief executive Michael Turner said the group had put in a "robust performance in a challenging market". Fuller's own brewed beer volumes were still in growth “against the backdrop of a falling beer market”. “The inflationary impact on our costs has increased and, despite our solid trading performance, there are many signs that the UK consumer is also feeling the squeeze,” Turner said. “Our future results remain dependent on these factors, but the performance of the business is currently in line with our expectations.” There was no... [read full story]