SABMiller, the world’s second largest brewer, has said it is looking for more acquisitions in China, where beer sales continue to rise above expectations. SABMiller also said volumes in its Asian and African businesses rose 9% in the five months to the end of August. This announcement follows its recent purchase of the Chinese brewing interests of Lion Nathan in an £86m deal.

Separately, the company has warned that last year’s huge increases in sales of its Miller Lite beer might not be sustained if the popularity of low-carb diets such as Atkins wears off.