The 10 biggest business stories on Thursday November 26

US burger chain Good Stuff to open on Leicester Square; Tesco settles US lawsuit over profit overstatement; Lloyds Banking Group is poised to announce plans to cut 1,000 jobs

The Schroder fund seems counter-intuitive in having a holding in Tesco, but the supermarket still has a large market share (AFP/Getty Images)

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.