Press Digest: British Business - October 27

Broadcom

Today 04:09

Oct 27 (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
— Revolut is expanding into UK's personal lending market, launching unsecured loans of up to £25,000 ($33,362.50) as it ramps up competition with traditional banks.
— Anthropic has launched its long-awaited IPO becoming the first pure AI company to go public, to be listed on Nasdaq under the symbol ANT in one of the largest offerings of all time. 
     
The Guardian
— Visa V.N and Mastercard MA.N face a potential £5 billion UK lawsuit over claims they stifled competition and overcharged businesses through card payment fees.
— Meta META.O plans a $95 billion AI funding push, including a $35 billion stock sale backed by interest from Nvidia NVDA.O , AMD AMD.O and Broadcom AVGO.O , as it ramps up spending on data centres and AI infrastructure.
        
The Telegraph
— British Finance Minister John Healey is set to announce an above-inflation minimum wage increase, lifting the National Living Wage to more than £13 an hour for the first time.
— One of Europe’s largest airlines, EasyJet EZJ.L , has partnered with Starlink SPCX.O to bring high-speed satellite Wi-Fi to its flights, with the service set to roll out across its Airbus AIR.PA fleet from 2027.
     
Sky News
— Fortress Investment Group, owner of Curzon Cinemas, is exploring sale of the arthouse chain after receiving unsolicited takeover interests.
— British Prime Minister Andy Burnham calls for an "honest discussion" on restoring EU free movement rules, arguing immigration patterns have changed since Brexit.
     
The Independent
— Lloyds Bank LLOY.L CEO Charlie Nunn backs Andy Burnham's devolution agenda as a way to speed up government decision-making, while warning against imposing additional taxes on banks ahead of the budget.
     
     
($1 = 0.7493 pounds)

(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))