Book value (also known as equity, shareholders' funds, or net asset value) is the value of all a company's assets, minus its liabilities. The number can be found on the balance sheet in an annual report.
It is sometimes used to estimate what a firm would be worth if all its assets were sold, and is often used to value banks and house-builders. But book value may contain intangible assets, such as goodwill', which may not be worth much at all.
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See Tim Bennett's video tutorial:Beginner's guide to investing: the price-to-book ratio.
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Reeves told scrapping pension salary sacrifice would cost average earner £377 a yearMPs – including chancellor Rachel Reeves – have received a letter warning of the dangers in reducing or removing salary sacrifice schemes for pension contributions, a plan under consideration by HMRC.
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Equity release jumps 4% amid growing inheritance tax concerns and sticky inflationThe amount of money withdrawn by equity release has increased, but the total number of plans has fallen
