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Shepherd Neame toasts success
Shepherd Neame, the Kent-based brewer of the Spitfire and Asahi ales, yesterday reported record sales and a 40 per cent leap in profits to £9.1m in the year to July. The company bought seven pubs and hotels over the period, leading to a 10 per cent rise in turnover to £133m. Chief executive Jonathan Neame said his strategy of investing in a downturn had paid off.