Here are the business stories making the headlines across Scotland and the UK this morning.
Former Conservative minister turned Reform UK spokeswoman Ann Widdecombe has died aged 78.
“It is with great sadness that today we announce the death of The Right Honourable Ann Widdecombe, DSG,” a statement from her agents, Cloud 9 Management, said.
“We send our deepest condolences to Ann’s family and friends,” they added.
Read more from the BBC.
From a first-floor shopping centre unit to one of Aberdeen city centre’s most prominent historic buildings, Estabulo has undergone a transformation of its own.
The Brazilian rodizio restaurant is settling into its new Union Street home after relocating from Union Square, where it first introduced its gaucho-style dining experience to the Granite City in April 2023.
Reopening last month after a two-month refurbishment, the new venue represents a significant investment in both the business and Aberdeen city centre.
Read the P&J story here.
David Miliband has given his backing to Andy Burnham’s agenda in a speech that marks his return to frontline politics.
Miliband, a cabinet minister under New Labour who left parliament in 2013 and has since lived in America, said the change offered by the prime minister in waiting was “long overdue’” and set out his support for some of Burnham’s key issues like devolution and electoral reform.
He is said to want to return to the UK permanently and is tipped as a strong contender to be Burnham’s foreign secretary if he takes power without a leadership challenge within weeks.
Get the full story in The Times.
South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.
The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq.
SK Hynix saw its market value top $1tn in its home country in May, lifted by the boom in demand for AI chips.
Read the full BBC article here.
The biggest industrial shake-up in peacetime German history was announced by Volkswagen on Thursday night which unions fear could lead to up to 100,000 job cuts, the closure of factories in the country and the repurposing of other plants.
Volkswagen is the largest automotive group in Europe, the second-largest in the world after Toyota and a symbol of German industrial might — or, in recent years, decline.
After a meeting of the supervisory board to discuss a far-reaching overhaul of the carmaker, Arno Antlitz, chief financial officer of Volkswagen, said: “Despite the progress achieved, the cost reductions planned to date under the agreed programmes are not sufficient in the current economic and geopolitical environment.”
Read The Times’ story here.
The leader of Restore Britain has been urged to apologise after describing the Dunblane school shooting as “one murder”.
Rupert Lowe was criticising the UK’s ban on handguns during an appearance on the Joe Rogan podcast. He said the ban came after “there was a murder in Dunblane”.
Host Rogan clarified with Lowe that the ban was due to “one murder” and the Restore UK leader repeated that was the case.
Find out more here.
The mystery over whether to call the much-loved pastry native to Aberdeenshire a buttery or a rowie appears to have been solved by the Oxford English Dictionary, which has selected the latter term for inclusion in its latest edition.
A rowie is a savoury, flaky bread roll traditionally made with lard and butter. The name was first recorded in a newspaper in 1898, but the word itself dates back to 1656, in the obsolete and rare sense of a small roll of tobacco.
Chippy sauce also joins a host of other Scottish words and terms in the new edition, including gowping, stowed, toorie, crow road and scrunted.
Read The Times’ article here.
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