Press Digest-British Business - July 16

Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc. PYPL.O 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.

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.