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PRESS DIGEST-British Business - October 24
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PRESS DIGEST-British Business - October 24
Oct 23, 2025 9:47 PM

Oct 24 (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

- London-based Synthesia, which makes hyper-realistic AI

generated video, has rejected a $3 billion takeover proposal

from the U.S. tech company Adobe.

- The U.S. Food and Drug Administration has approved a

potential blockbuster blood cancer drug developed by GSK

, in a boost to the company's sales targets.

The Guardian

- Oil major TotalEnergies misled consumers in a

2021 ad campaign claiming it could become carbon neutral by

2050, a French civil court found on Thursday, in the first

decision applying France's greenwashing law to an energy

company.

- British finance minister Rachel Reeves is considering

raising income tax in next month's budget to help reduce a

multibillion-pound deficit.

The Telegraph

- Apple ( AAPL ) has lost a major class action lawsuit in

the UK paving the way for a possible 1.5 billion-pound ($2.01

billion) compensation payout to customers.

- U.S. President Donald Trump has pardoned the convicted

founder of cryptocurrency exchange Binance as the White House

unwinds a Biden-era crackdown on the digital assets industry.

Sky News

- Alphabet's Google has agreed to invest in an

instrument that could convert into an equity stake in THG

Ingenuity, the demerged arm of British e-commerce firm THG

, at a valuation of 750 million pounds.

($1 = 0.7451 pounds)

(Compiled by Bengaluru newsroom)

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