July 16 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
The Times
- Stripe and private equity firm Advent International have made
a joint offer to acquire PayPal Holdings Inc ( PYPL ) for $60.50
per share, in a deal that would value the payments company at
more than $53 billion.
- Wealth firm Utmost is planning a 2.5 billion pound ($3.38
billion) float of the wealth business as soon as September as
the firm is in advanced stages of preparing for an initial
public offering.
The Guardian
- Britain's Thames Water increased its bonus payouts to 4.1
million pound for senior managers, despite warning over
"material uncertainty" over its future as it scrambles to
recapitalise to avoid nationalisation.
- Bank of England governor Andrew Bailey said he did not regret
meeting Reform UK leader Nigel Farage to discuss cryptocurrency
regulation last year.
The Telegraph
- The Pubs Code Adjudicator, the industry watchdog, has
launched an investigation into Stonegate to determine whether it
was providing new tenants with accurate information about
potential repairs and the financial prospects of pubs.
- BrewDog co-founder James Watt has launched an attempt to buy
back the craft beer company months after it was rescued from
administration by a U.S. cannabis producer.
Sky News
- Cycling start-up Tyred, which counts the public bike-sharing
company Lime among its customers, will say on Thursday that it
has raised 2.5 million pound from a syndicate of investors.
The Independent
- Housebuilder Barratt Redrow has unveiled plans to boost
shareholder returns by 400 million pound over the year ahead as
it comes under pressure from an activist investor.
($1 = 0.7395 pounds)
(Compiled by Bengaluru newsroom)