Here are the stories making the business headlines across Scotland and the UK today.
Company building new Liverpool stand files for administration
Liverpool’s hopes of swift completion of their £80million new Anfield Road Stand have been plunged into uncertainty after the constructors filed for administration.
The Buckingham Group was in the final phase of completing the structure which will expand the stadium attendance to 61,000 having already delayed the opening. The lower tier of the structure has been cleared for use this weekend, but the upper tier remains incomplete.
It was initially anticipated the entire stand would be complete in time for this weekend’s Premier League fixture with Bournemouth. The Merseyside club requested the league arrange for Liverpool’s first match of the season to be away to extend the time available for completion.
The Telegraph says the revelation that the Buckingham Group is in serious financial trouble has undoubtedly caused a serious complication in meeting the current timeline.
Vehicle recovery firm fined after worker death probe
A vehicle recovery firm has been fined over health and safety breaches after an investigation into a worker's death.
Recovery operator Robert Garvock, 68, died in 2018 when a lorry tipped over onto him on the B999 Pitmedden to Potterton road in Aberdeenshire.
Kairdson Tyres, which provided vehicle recovery services to Police Scotland, was fined £9,800 at Aberdeen Sheriff Court.
The Ellon-based firm admitted breaching the Health and Safety at Work Act, according to the BBC.
Fears for Aberdeen’s world first Dolphyn hydrogen project
A world first floating green hydrogen project off the coast of Aberdeen appears to be dead in the water.
The scheme, called Dolphyn, was expected to help put the Granite City on the map as a global leader in energy transition.
It was hailed as a “transformative” development for Europe’s oil and gas capital when plans for it were unveiled three years ago.
But multinational green energy consultancy Environmental Resources Management (ERM) has withdrawn its bid for more UK Government cash for the single unit demonstrator scheme.
The P&J says the firm now plans to seek funding for a later, larger scale project at a site that will “allow expansion at a single location”.
UK rents rise at highest rates since 2016
The rising cost of renting has again hit its highest level since comparable records began in 2016, with strong demand from tenants.
With fewer properties available to rent in many areas, the mismatch between supply and demand has pushed up costs for many people.
Prices paid by UK renters rose by 5.3% on average in the year to July, the Office for National Statistics said.
The figures come as rising prices continues to squeeze household budgets.
Bond yields surge to 2008 levels in blow to Hunt’s tax cutting dreams
Government borrowing costs have soared to the highest levels since 2008 in a blow to Jeremy Hunt’s hopes of cutting taxes before the election.
Yields on 10-year government bonds hit a 15-year high of 4.7pc on Thursday as investors bet that interest rates will need to rise even higher to tame inflation.
Gilt yields have now surpassed both the peak seen in the aftermath of last autumn’s mini-Budget and the most recent high of 4.66pc recorded in July.
Surging borrowing costs and rising interest rate expectations will cost the Chancellor an extra £12bn a year by 2027, economists told The Telegraph.
Fine threat if banks fail to provide access to cash
Banks face fines if they fail to provide free access to cash withdrawals for consumers and businesses, the Treasury has confirmed.
A new policy will state that free cash withdrawals and deposits must be available within one mile for people living in urban areas.
In rural areas, where there are concerns over "cash deserts", the maximum distance is three miles.
The BBC says the move is unlikely to halt branch closures and the decline in cash use.
The Treasury said the distances were chosen to maintain the current level of coverage of free access to cash, through ATMs or face-to-face services. Those limits could be extended if cash use declines in the future.
Under the new guidance, if a service such as an ATM or branch is withdrawn and a replacement service is needed in the area, then this should be done before the closure takes place.