Former employees of BrewDog's UK bars, owed £489,000 in wages and holiday pay, will receive nothing after a takeover deal. HMRC is also left with an unpaid VAT bill of £2.4 million, with administrators confirming no funds are available to cover these liabilities.
A federal jury has determined that Live Nation, owner of Ticketmaster, operated illegally as a monopoly, leading to inflated ticket prices and substandard service for consumers. The verdict could result in significant restructuring for the entertainment giant.
Chancellor Rachel Reeves has strongly criticised the US decision to enter military conflict with Iran, labelling it a 'mistake' and advocating for de-escalation to safeguard the global economy. Her comments highlight growing divergences between the UK and US on the conflict's strategy and economic repercussions.
A major UK broadcaster has announced plans to cut between 1,800 and 2,000 jobs, representing nearly 10% of its workforce, as part of efforts to achieve £500m in savings over the next two years. The move comes as the organisation faces considerable financial challenges.
