Italian retailer Yoox is in talks about buying upmarket online fashion retailer Net-A-Porter for £1.3 billion.

The Sunday Times reports the deal has been revived almost a year after previous discussions were ended. London based Net-A-Porter is owned by Swiss luxury goods conglomerate Richemont.

Sir Brian Souter is being lined up as a future president of the Institute of Chartered Accountants of Scotland.

The Sunday Herald said the Stagecoach tycoon, who qualified as an accountant in 1984 after training with Arthur Anderson, will become vice-president of ICAS next month. That puts him in line to take over as president in 2017.

Private equity firm PAT Partners, which owns retailer Cotswold Outdoor, is considering a bid for Evans Cycles.

The Sunday Telegraph reports that Active Capital bought Evans in 2008 for £35m but has now put it up for sale with the price tag believed to be around £100m. Other private equity firms are through to the final round of bidding but Mike Ashley is believed to have dropped out of the running.

Goldman Sachs gave staff in London an average pay package of £356,000 in 2014, according to the Sunday Times. That was up three per cent on 2013 and came after a strong year for stock market flotations and deal activity.

The Scotch Whisky Research Institute is said to be in talks with AIM-listed Microsaic about ways to spot counterfeit spirits. The Mail on Sunday says Microsaic's mass spectrometry device can analyse everything from food and drinks to fuel.

The Green Investment Bank is likely to soon report a profit, according to Scotland on Sunday.

GiB chairman Lord Smith of Kelvin suggests there is now "more money coming in than going out" at the lender.