Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Thursday 06 April 2023 11:16 am  |  Updated:  Thursday 06 April 2023 11:17 am

Adnams Brewery in discussions about leaving under-fire CBI

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
Adnams has begun working with Alvarez & Marshal on several funding options, including the possibility of private capital from a family office or an individual investor, Sky News has reported.

Adnams Brewery is in discussions about leaving the under-fire Confederation of British Industry (CBI) after a string of sexual misconduct allegations broke.

Chief executive Andy Wood told BBC Radio 4 his firm were holding conversations about withdrawing from the trade body.

It follows a host of corporate members, including EY and Rolls Royce, who pay substantial fees to the membership body expressing concerns over the allegations.

Wood told the Today programme: “Reputations take decades to build and moments to destroy, and the CBI need to get on with this and sort it out quickly, and restore our trust and confidence in the organisation.

“I’d say if there is any scintilla of truth in this, I think I can speak for all members that such behaviour is completely unacceptable and there is no place for it in the workplace.”

Asked if “age-old enemies” of the CBI will be exploiting the situation, Mr Wood said: “I think it’s right that government has suspended communications with it at the moment. I think it’s right that the CBI has suspended communications and events.

“I hope that’s not political, I hope it’s to give the organisation time to get its house in order and restore its reputation, and build the trust and confidence of its members.”

He added that he will need to see the investigation result before making any decisions.

What happened at the CBI?

It comes after CityAM yesterday revealed the Treasury had broken off relations with the CBI after the Guardian published allegations that as many as 12 women felt they had been victims of sexual misconduct.

While director general Tony Danker stepped aside from his role after claims over his own behaviour triggered an investigation.

Labour yesterday also confirmed they had paused engagement with the CBI.

A spokesperson said they take any misconduct allegations “with the utmost seriousness”.

Read more

Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • BBC
  • Confederation of British Industry
  • Small business
  • UK Government

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • PwC joins the Canary Wharf crowd in major property shake-up

More from City PM

  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    Economics
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP

    Markets
    Keanu Reeves at a press conference with journalists, wearing a tailored suit and engaging with the media in a professional...
  • In 23 months Labour has dragged the UK economy to its knees

    Economics
    Keir Starmer
  • Fuller’s slams ‘unprecedented government interference’ in pub sector

    Hospitality
    Simon Emeny, CEO of Fullers, delivers a keynote speech at a business conference, emphasizing leadership and industry insig...
  • Ditched by clients and Australian government: What is happening down under at KPMG?

    Big Four
    KPMG Australia office building exterior with modern glass architecture and corporate signage in a bustling business district.
  • Ealing stalls on Voi contract as ‘sensitive discussions’ threaten West London e-bike network

    Transport & Infrastructure
    Voi electric scooters lined up on a city street, highlighting urban mobility solutions and eco-friendly transportation opt...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy