Here are the business stories making the headlines across Scotland and the UK this morning.
M&S urged to turn closed Aberdeen flagship into ‘cool arts and music hub’
A local arts group is pleading for M&S to allow them to transform the flagship Aberdeen building into a “vibrant” destination while it sits empty.
Kristiina Nimmo, who leads the arts group, has been backed by Our Union Street kingpin Bob Keiller as she seeks talks with M&S on using the site.
Kristiina has been determined to turn one of the Granite City’s abandoned buildings into “something unique” for some time. This project is known as UnderWorks Art – with a drive to showcase street art, murals and music.
Aberdeen Bristow Helicopter boss on electric aircraft future for North Sea workers
Aberdeen is being positioned as a key testbed for electric aviation as Bristow Helicopters looks to embrace new aircraft technology for future North Sea operations.
Electric aircraft have been taking to the skies across the north of Scotland in early trials, but Bristow says the technology could eventually support energy services and help decarbonise offshore operations.
The company, which operates a major North Sea helicopter base in Aberdeen, hosted an industry event in the city attended by top energy sector figures to showcase an electric plane developed by Beta Technologies and outline its ambitions.
Jaguar Land Rover sales rise 61% as it recovers from cyberattack
A stellar performance in the first quarter of the year gave sales at Jaguar Land Rover a much needed boost following a debilitating cyberattack.
Britain’s largest car manufacturer said it sold 95,300 vehicles to dealers in the three months to March 31, a rise of 61.1% over the previous quarter.
JLR, which is owned by India’s Tata, was forced to halt production at its British factories for five weeks from September 1 last year after a cyberattack.
Lloyds Banking Group sticks to £1.95bn car finance compensation pot
Lloyds Banking Group has left its estimate of the cost of the car loan mis-selling scandal unchanged at £1.95billion, days after regulators eased the likely cost for lenders.
Lloyds said it had assessed the final compensation rules set out by the Financial Conduct Authority on Monday and did not believe any change to its existing provision was required.
Uncertainties remained, including borrower response rates, operational costs and possible litigation bills, so the ultimate outcome could still differ from its expectations, it said.
Marmalade to be rebranded in post-Brexit food deal
Marmalade has long been a quintessential British preserve, with some recipes handed down between multiple generations.
But jars of the fruity spread could look a little different on shop shelves under the UK government's planned EU food deal, it has emerged.
The breakfast favourite will have to be sold as "citrus marmalade" if the agreement goes ahead, when Britain will readopt new EU food regulations in a bid to boost trade and reduce red tape for British exporters.
Jeff Bezos’ Amazon in talks to buy Globalstar in satellite push
Amazon is in talks to buy the satellite telecom group Globalstar, as the ecommerce giant increases its efforts to build a low-earth-orbit satellite business to rival Elon Musk’s Starlink service.
Globalstar has a market capitalisation of $10billion and its shares have more than doubled in market value over the past year. They rose 13.4% in New York on Thursday to close at $77.73 while Amazon stock dropped 0.4% to finish at $209.77.
Globalstar, which has its headquarters in Louisiana, is known for its low-earth-orbit communication satellites and offers voice, data and asset-tracking services across enterprise, government and consumer markets.
Tommy Sheridan declares support for IRA, Hamas and Hezbollah
A former Scottish political party leader has been reported to police after he publicly declared his support for the IRA, Hamas and Hezbollah.
Tommy Sheridan, who led the Scottish Socialist Party (SSP) before founding the short-lived party Solidarity, was filmed addressing a group of Celtic supporters in Newry, Northern Ireland, on Saturday.
The 62-year-old, who is standing in the Holyrood election next month, described Israel and the USA as “evil”.