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.

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.

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Sandy Klugman

Hello, everyone, and welcome to Ashland Innovation Day 2026. My name is Sandy Klugman, and I’m Ashland’s Director of Investor Relations. Today, you will hear from leaders across Ashland, including business executives and technology experts, who will discuss how our innovation pipeline is creating differentiated commercial opportunities that drive long-term growth and value creation.

Please note that we will be referencing slides during today’s webinar, and we encourage you to follow along with the webcast material available at ashland.com, under Investor Relations. As a reminder, I wanted to caution listeners that during this call, the company’s management will be making forward-looking statements.

Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties associated with the company’s business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in today’s investor presentation and Ashland’s SEC filings, including the quarterly report on Form 10-Q. Please review the safe harbor statements and the disclosure regarding our use of non-GAAP financial measures included in those materials.

And with that, I’ll turn it over to Guillermo Novo, Ashland Chair and CEO.

Guillermo Novo
Chairman & CEO

Welcome, everyone. It’s a pleasure to be here today. Welcome to our Third Innovation Day update. It’s a pleasure to host you today. As you’ve heard in prior events, Ashland has made innovation a strategic priority to drive differentiation and

Legendary investor Warren Buffett is stepping down as chairman of Berkshire Hathaway, the company said on Friday.

“Serving as your Chairman has been the privilege of a lifetime, and I have never taken your trust for granted,” Buffett, who was named chairman emeritus, said in a letter to shareholders. “Father Time always wins. He has, however, been generous with me. He has given me the opportunity to see Berkshire reach a point where I am more confident than ever about what lies ahead.”

Berkshire Hathaway CEO Warren Buffett speaks during an interview on FOX Business Network. (FOX Business Network)

Buffett’s son, Howard Buffett, will become chairman of the board, effective immediately. He has been a Berkshire director since 1993.

“Howard will guard its culture and values – both worth more than anything on our balance sheet,” Buffett said. “Think of Howard as a policy the shareholders own and hope never to claim against.”

Buffett started his career at Berkshire in 1965 and stepped down as CEO earlier this year. He was succeeded by Greg Abel, who was the vice chairman of non-insurance operations.

Warren Buffett started his career at Berkshire in 1965. (Daniel Zuchnik/WireImage)

“Warren’s impact on Berkshire and its owners is without parallel in the history of American business,” Abel said in a statement. “The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian.”

Known for his long-term strategy and focus on buying high-quality businesses at reasonable prices, Buffett delivered steady gains that outpaced broader markets, making him a trusted steward of capital.

Reuters contributed to this report.

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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.