UK: U.K. stocks fell, led by SABMiller Plc

SAB Miller Plc, the world's third-largest beer maker, lost 2.7 percent to 997after industry data from AC Nielsen show declining beer volumes in the US are hitting Miller brands harder than most, Dow Jones posted September 22.

Credit Suisse notes that SABMiller is improving prices but not at the same rate as the market or industry leader Anheuser-Busch (BUD). Brokerage says this is due to the higher proportion of subpremium brands in its portfolio, as consumers trade up in benign interest rate environment. This trading up is also benefitting Heineken (00897.AE), it says.

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