News

Stripe and private equity firm Advent International have jointly offered to buy PayPal Holdings for $60.50 a share, a deal that would value the payments giant at more than $53 billion, Reuters has reported, citing people familiar with the matter.

Millions of people could be required to work until they are 68 before claiming the state pension under plans to bring forward the increase in the retirement age by at least seven years.

Barratt Redrow has responded to shareholder pressure by replacing the bulk of its dividend payout with a £400 million buyback in a bid to boost its flagging share price. The housebuilder said its depressed stock market value means the buyback programme makes better use of its capital.

Chancellor Rachel Reeves used her annual Mansion House speech in London last night to set out a new Financial Services Growth and Competitiveness Strategy, pledging to move the UK away from "risk-averse regulation" and towards what she called "regulating for growth". The centrepiece of the announcem

Saffery has hired four new senior tax experts across its Edinburgh and Inverness offices to strengthen the firm’s expertise in corporate tax and professional partnerships. Emma Siegel joins from Forvis Mazars as a corporate tax director in Edinburgh. She brings more than 10 years’ experi

Scottish-headquartered AAB has launched a new Manchester office as part of ambitious plans to build a business serving scaling businesses across the North West, while growing to employ over 200 people. Launching at the landmark No.1 St Michael’s development, the move represents a significant l

The UK government has opened a consultation on the Insolvency Rules, seeking views on whether the current framework remains clear, proportionate and fit for modern practice. For David Menzies, director of practice at ICAS, the consultation raises important questions about procedure, creditor engagem

Monumental, the Amsterdam-based tech company automating construction with robotics and software, today announced a $32 million Series B led by Khosla Ventures, with participation from existing investors Plural and Hummingbird.

One woman's wardrobe clear-out could prove far more lucrative than a trip to the charity shop, with a collection of luxury designer accessories expected to sell for up to £40,000 at auction.

Almost all investors expect taxes to rise over the next year as Andy Burnham prepares to become prime minister, according to a new survey. Research by investment service Wealth Club found that 96.1% of investors believe taxes will increase over the next 12 months, with more than half (52.6%) saying

Cooper Parry Wealth (CPW) has taken the next step in its UK growth strategy with the appointment of Darren Lees as relationship partner, reinforcing its long-term commitment to Scotland. The appointment builds on CPW’s plans to expand nationally through strategic investment in people, acquisit

Changes and clarity are needed to create and keep the next generation of Bransons, Dysons and Bartletts, according to Praveen Gupta, UK head of tax at international accountancy and business advisory group Azets. The tax system is crushing entrepreneurs and needs to be changed if we want more people

Former Virgin Money chief executive Dame Jayne-Anne Gadhia has been named as the government's preferred candidate to chair the Financial Reporting Council (FRC), placing one of the UK's best-known banking figures at the helm of the accounting watchdog. The chartered accountant, who led Virgin Money

Many pension savers approaching retirement lack the confidence to make key financial decisions, with fears of making costly mistakes leading some to delay accessing their savings, according to new research from the Department for Work and Pensions (DWP).

Armstrong Watson is celebrating double success after Reward Strategy recognised two members of its payroll leadership team in its Partner 75 community - which features the UK’s top 0.1% of payroll professionals. Partner and head of payroll, Karen Thomson, and payroll manager, Lisa Carruthers,