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(Sharecast News) - Reselling tickets for profit is to be outlawed under plans due to be announced this week, the Guardian has learned, as the government goes ahead with a long-awaited crackdown on touts and resale platforms such as Viagogo and StubHub. Ministers had been considering allowing touts - and ordinary consumers - to sell on a ticket for up to 30% above the original face value, as part of a consultation process that ended earlier this year. - Guardian
The amount of a customer's money protected if a UK bank or building society goes bust will rise to 120,000 next month, providing a boost to the nation's savers. The new deposit protection limit, a 41% rise from the current limit of 85,000, is higher than expected and takes effect on 1 December. - Guardian
A 750bn fund manager has cut its exposure to UK government bonds following Rachel Reeves's volte-face on income tax which sent financial markets into disarray. Axa Investment Managers said it has reduced the amount of long-dated UK gilts it holds in its fixed-income portfolios, warning it was "much less comfortable going into the Budget". - Telegraph
The billionaire owner of Royal Mail is to become one of the biggest shareholders in French oil giant TotalEnergies in a deal worth 5.1bn (4.5bn). Daniel KYetnsk is poised to become Total's fourth biggest shareholder after striking a deal to sell half of his Eastern European power business EPH to the French company in exchange for shares. The Czech billionaire will get 4.1pc of shares in Total, one of the biggest oil firms in the world. - Telegraph
Britain risks falling behind in the AI biotech "revolution" unless it provides the right infrastructure, regulation and financing, a paper from the think tank founded by Sir Tony Blair has warned. NHS data and the country's science base could make the UK the global destination for a new generation of "AI-native biotechs" through "targeted" reforms, said the Tony Blair Institute for Global Change (TBI). - The Times
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