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The Independent UK
The Independent UK
Business
Zlata Rodionova

The 10 biggest business stories on Thursday November 26

1.    Graduates will repay loans earlier as Chancellor Goerge Osborne scraps coalition deal.

2.    A new apprenticeship levy of 0.5 per cent on company payrolls will raise £3 billion a year and fund three million apprenticeships, the chancellor has announced.

3.    US burger chain Good Stuff Eatery - which counts Barack and Michelle Obama as fans – to open in Leicester Square ahead of expansion.

4.    Tesco has agreed to pay a $12 million payout disgruntled US investors who sued over the £263 million profits blackhole discovered last year.

5.    Lloyds Banking Group is poised to announce plans to cut 1,000 jobs as part of a digitally-focused restructuring unveiled last year, according to Financial Times.

6.     Music streaming service Deezer has introduced a “Family Plan” as it looks to keep up with competitors like Spotify and Apple Music.

7.    Chinese insurers are expected to spend $73 billion in acquiring overseas properties over the next five years as they speed up diversification, according to a research report published on Wednesday by real estate services firm DTZ/Cushman & Wakefield, South China Morning Post reports.

8.    William Lamb, chief executive officer of Lucara Diamond, wants $60 million for the world’s second-biggest ever diamond.

9.    Apple is adding Stevie Wonder to the list of celebrities to endorse its brand with an idyllic new holiday commercial, starring the R&B singer and his family, released just in time for Thanksgiving in the US.

10.    British shoppers are expected to spend more than £1 billion on Black Friday, set to be one of the biggest shopping day of the year. Here is everything you need to know about  the event or take a look at the deals round up  from Amazon, Argos, Currys PC World and eBay.

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