Shares in AB InBev, maker of brands including Corona and Stella Artois, were down 10.5% by 1133, hitting their lowest since February and heading for their biggest single-day decline since 2020. Volumes at the world's largest brewer by sales fell 1.

The world’s largest brewer reported a steeper decline in sales volumes than analysts had expected, sending shares sharply lower in European morning trade.

Shares in the company fell 11% in Brussels, the biggest intraday decline since March 2020, erasing €10.2bn off its market value.