Connect with us

Business

Brewdog’s unpaid workers to receive nothing after takeover deal

Published

on

Earl Spencer walking, wearing a navy suit and a purple tie.

Parent company BrewDog PLC is still expected to pay its preferential creditor, HMRC, in full for £3.66m tax owed – mainly VAT and excise duty.

Brewdog’s biggest debt was to financial services group HSBC, which was owed more than £61m across various banking arms.

It has recovered tens of millions of pounds, but still faces an estimated shortfall of £16.8m.

The report noted that this could be reduced through asset sales in the United States.

Advertisement

Private equity backer TSG, which took a 22% stake in the brewer in 2017, is set to lose £27.6m.

Brewdog also owes around £190m to unsecured creditors. They are expected to receive less than a penny in the pound of what they are owed.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Two leading Cardiff firms relocate from the Bay to the city centre

Published

on

Business Live

Gambit and Acuity Law have moved into the 3 Callaghan Square office scheme

3 Callaghan Square.

Two of Wales’ leading professional advisory firms have moved from Cardiff Bay to the centre of the city to support their respective growth plans.

Boutique corporate finance venture firm Gambit and Acuity Law have relocated to the 3 Callaghan Square office scheme, owned by Cardiff-based property developer Rightacres Property.

Advertisement

The firms were both located at the 3 Assembly Square office building in the Bay, but utilised respective lease break clauses to move.

Acuity Law said its relocation follows strong trading with revenues on track to exceed £20m in its current financial year.

Steve Berry, chairman of Acuity Law, said:“Our move to 3 Callaghan Square is a clear, visible sign of how far this firm has come, and the scale of our ambition for what comes next.

2In a world being reshaped by technology and AI, we’re continuing to challenge the traditional ways legal services are delivered. That’s helping us win new clients, attract great people and compete on a national stage.”

Advertisement

Gareth Baker, senior partner, added: “We also see real opportunity ahead: in energy, as investment in infrastructure and the transition to a lower-carbon economy continues at pace; in banking and finance, as businesses navigate a changing funding and investment landscape; and in health and social care, where providers and investors are adapting to major regulatory change.”

On its new location he added: “The new all-electric office space delivered by Rightacres provides us with a great base for our staff and clients and is well connected with our other Acuity offices”

Acuity also has offices in Bristol, Swansea, London and Liverpool.

Gambit said its move to larger offices follows its most successful trading period last year following its establishment 1992.

Advertisement

It continues to expands its team advising on a significant number of high-profile business transactions across the UK and internationally.

Partner Geraint Rowe said: “Our new Cardiff office at Callaghan Square places us closer to many of our clients, peers and the wider professional community, enabling us to foster even stronger relationships while remaining ideally positioned to support businesses throughout the UK and internationally.”

Partner Jason Evans added: “This move reflects the continued growth and ambition of the firm following a record year for Gambit. The new office provides a modern, collaborative environment for our expanding team and represents an exciting investment in the next stage of the firm’s development.”

Other tenants at 3 Callaghan Square include JLL and Grant Thornton.

Advertisement
Continue Reading

Business

How Today’s Economy Rhymes With The Late ’90s

Published

on

Money Exchange Currency Graph Stock Chart Stock Market Digital FUI

Bryan Rich is a macro investor and the founder of Logic Fund Management, an independent research firm known for connecting policy, investor influence, and innovation to real-world positioning. He writes Pro Perspectives, a concise daily briefing read by more than 25,000 investors who want clean signal over noise. Bryan’s framework is practical and repeatable: tracking the policy path (rates, liquidity, industrial strategy), following where elite capital is taking risk (billionaires and activists with operating influence), and mapping the technology cycle (compute, data, energy). From that, he translates big forces into entry points, catalysts, and portfolio construction. Logic Fund Management offers two specialized subscription-based strategies: The Billionaires Portfolio—event-driven value, investing in companies with unlockable assets, activist alignment, and clear catalysts; and the AI-Innovation Portfolio—ownership in the infrastructure and intelligence layer of the AI economy, from data centers and networking to enabling software and robotics. Bryan began his career on the trading desk of a family-office macro fund in the mid-90s, and later at an award-nominated global macro firm. He is known for a plain-English style that blends institutional discipline with real-world execution. Independent. Aligned. Research-driven.

Continue Reading

Business

Penn Entertainment: The Redemption Story That Wall Street Is Mispricing (NASDAQ:PENN)

Published

on

Details from a casino

This article was written by

Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Lucid: Implications Of The Bolt Deal

Published

on

Lucid Motors Headquarters

Lucid: Implications Of The Bolt Deal

Continue Reading

Business

Fr8Tech launches AI module to validate delivery documents

Published

on


Fr8Tech launches AI module to validate delivery documents

Continue Reading

Business

KDP seeks more wins from Dr Pepper playbook

Published

on

KDP seeks more wins from Dr Pepper playbook

BOSTON – With approximately $6 billion in annual sales, Dr Pepper is the largest brand in Keurig Dr Pepper Inc.’s (KDP) portfolio. Two years ago, the brand became the second largest carbonated soft drink brand in the United States, according to Beverage Digest, and KDP management is charting a course to maintain that position and apply the strategies that propelled Dr Pepper to other brands within its portfolio.  

“(Dr Pepper is) the No. 1 brand … among teens today,” said Timothy Cofer, chief executive officer of KDP, during a Sept. 10 presentation at the Barclays Global Consumer Staples Conference. “That’s a good indicator of future health vitality of the brand. And we’re a brand that very much invests in continuous recruitment … to really fortify that share. In fact, year-to-date, we’re on track for share growth, and when we achieve it, it will be our tenth consecutive year of market share growth on brand Dr Pepper.”

Innovations that have helped drive brand growth include Dr Pepper Zero Sugar, Dr Pepper Creamy Coconut and Dr Pepper Blackberry.

“Dr Pepper is now the second largest zero sugar brand in the marketplace and over $1 billion in retail sales,” Cofer said. He added that in the company’s most recent quarter, the variety had a 30% growth rate.

Advertisement

From a marketing perspective, KDP is attempting to position Dr Pepper as a unique, one-of-a-kind brand.

“I think … a lot of our consumer cohorts … identify with that because they’re unique and one of a kind,” Cofer said. “So, a distinctive positioning, really strong marketing and marketing that we’re investing (in) to get even better, more precise and more personalized, but it’s a hell of a platform.”

7 up.jpg

KDP’s 7Up brand has been reformulated with an emphasis on lime flavor in marketing.

| Photo: Cully Wright

KDP is now applying the playbook that helped Dr Pepper gain share to other brands in its Refreshment Beverages portfolio like Canada Dry and 7Up.

Advertisement

“Canada Dry (is a) billion-dollar-plus brand; far and away leader in ginger ale,” Cofer said. “(It has a) distinctive positioning; all about the demand space of a relax and rejuvenate time …”

Innovation from the brand includes Canada Dry Fruit Splash, which is the combination of the flavors ginger, cherry and strawberry.

“(We’re) finding that platform to be highly incremental to the base business, driving overall trademark sales, great sales execution,” Cofer said.

With the 7Up brand, KDP has reformulated the product and is emphasizing the lime flavor in marketing.

Advertisement

“So, we’ve got an all-new formula, lime over lemon,” Cofer said. “We’ve got a new visual ID. We’ve got a really clever marketing campaign. I think that’s part of the success formula you’re going to start to see employed across these brands.” 

Continue Reading

Business

Panera Brands expands Einstein Bros. executive leadership

Published

on

Panera Brands expands Einstein Bros. executive leadership













Advertisement













Panera Brands expands Einstein Bros. executive leadership | Food Business News

Advertisement

Advertisement




Skip To Content

Advertisement

Continue Reading

Business

Semtech: Probably Too Much Optimism

Published

on

Headquarter office of Semtech, CA

Semtech: Probably Too Much Optimism

Continue Reading

Business

Why the Purge of Middle Managers Could Backfire

Published

on

Why the Purge of Middle Managers Could Backfire
Callum Borchers

We’ll miss them when they’re gone.

Middle managers are on the chopping block at Uber, Intel, Coinbase and other companies. Top executives seem to view them as unnecessary speed bumps on the highway to innovation, and rank-and-file workers love to gripe about layers of bosses who do, what, exactly?

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Software glitch caused travel chaos, says air traffic control body

Published

on

Earl Spencer walking, wearing a navy suit and a purple tie.

An air traffic control system failure that sparked widespread travel chaos earlier this month was caused by a “software defect”, the UK’s National Air Traffic Services (Nats) has said.

The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected, with some sleeping on airport floors or getting stuck overseas.

Flights in and out of the UK’s main airports were affected, including Heathrow, Gatwick, Luton and Glasgow.

The incident prompted questions over the resilience of Nats’ systems, and some airlines questioned the position of its chief executive Martin Rolfe.

Advertisement

The government had previously ruled out a cyber attack, and last week the Ministry of Defence denied a report that a military aircraft was to blame.

In an initial report, Nats said the defect happened in the system which “underpins the management of UK airspace”.

The problem happened “in the space of a millisecond”, Nats said, leading to the system producing corrupted data.

Air traffic controllers then had reduced information available, so restrictions were put in place to limit air traffic to maintain safety.

Advertisement
Continue Reading

Trending

Copyright © 2025