PRESS DIGEST-British Business - October 24

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 ADBE.O.

- The U.S. Food and Drug Administration has approved a potential blockbuster blood cancer drug developed by GSK GSK.L, in a boost to the company’s sales targets.

The Guardian

- Oil major TotalEnergies TTEF.PA 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.O 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 GOOGL.O 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 THG.L, at a valuation of 750 million pounds.

($1 = 0.7451 pounds)