PRESS DIGEST-British Business - November 25

Reuters11-25
PRESS DIGEST-British Business - November 25

Nov 25 (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

- Britain's Revolut said it had completed a secondary share sale valuing it at $75 billion, a 66% jump from last year and underlining the rapid growth of Europe's most valuable financial technology company.

- Britain should ban Chinese-linked companies from owning critical national infrastructure, a senior Trump administration official has suggested.

The Guardian

- BHP BHP.AX abandoned a last-ditch effort to buy rival Anglo American AAL.L and bolster its dominance in copper, just two weeks before Anglo and Teck Resources' shareholders were set to vote on a $60 billion merger.

- Novo Nordisk's NOVOb.CO closely watched Alzheimer's trials of an older oral version of its semaglutide drug failed to help slow the progression of the brain-wasting disease, the firm said, sending the obesity drugmaker's shares sliding.

The Telegraph

- BBC Chair Samir Shah has insisted he will not resign despite deep divisions in the broadcaster's board being exposed at a public hearing before MPs.

- British Prime Minister Keir Starmer and David Lammy are poised to escape Labour's mansion tax after the Treasury watered down plans to impose a surcharge on Britain’s most valuable homes.

Sky News

- London-listed private equity investor Bridgepoint BPTB.L has struck a 200 million pounds ($262.10 million) deal to buy a digital asset services business amid growing demand for cryptocurrency investments.

($1 = 0.7631 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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