Here are the business stories making the headlines across Scotland and the UK this morning.

British Heart Foundation plans to close 150 charity shops

The British Heart Foundation (BHF) says it is planning to close around 150 charity shops, citing an "exceptionally challenging trading environment".

The charity, which carried out a review of its retail arm, said rising operating costs and changing customer habits meant some stores were "no longer financially sustainable".

Its overall financial position "remains healthy", it said, adding it is continuing to see strong fundraising and legacy income.

Read the full BBC story here.

SNP may have illegally claimed back tax on Murrell purchases

John Swinney has admitted that the SNP may have illegally claimed back tax on illicit purchases made by Peter Murrell, as the party confirmed it would attempt to claw back the £400,000 embezzled by its disgraced former chief executive.

Prosecutors had already begun steps to recoup stolen cash from Murrell, but this did not mean it would automatically be repaid to the party that he ran.

At a meeting of the SNP national executive committee (NEC) on Wednesday, officials agreed to launch a compensation order which, if successful, would lead to it being reimbursed.

Read more in The Times.

Burnham says he would seek to enter any Labour leadership contest

Andy Burnham said he would seek to enter any potential Labour leadership contest should he win the Makerfield by-election on 18 June.

The Greater Manchester mayor made clear his ambitions as he appeared alongside four other candidates during a BBC Question Time special in the constituency.

Reform UK candidate Robert Kenyon said there was a need for a "big move away from career politicians" and warned against using Makerfield as a "stepping stone".

Read the full article here.

Andrew Mountbatten-Windsor charged staff rent to live at his Royal Lodge estate

Andrew Mountbatten-Windsor charged his staff rent to live at his Windsor estate despite paying only a “peppercorn rent” himself, a report by the National Audit Office has revealed.

The King’s brother acted as a landlord, sub-letting three cottages in the grounds of Royal Lodge, and collected payments even after he had moved out in disgrace over revelations about his friendship with Jeffrey Epstein.

Andrew’s daughters, Princess Beatrice and Princess Eugenie, who are non-working members of the royal family, pay nothing for their homes at St James’s Palace and Kensington Palace, in a deal first agreed by their grandmother Queen Elizabeth.

Click here to read more in The Times.

British Airways owner sets €1bn profit goal for loyalty division

The owner of British Airways has set a new €1 billion profit goal for the loyalty division that operates Avios, the frequent flyer “currency”, as it attempts to double membership numbers. 

International Airlines Group (IAG), which also owns Iberia, Aer Lingus and Vueling, held its first capital markets day for IAG Loyalty this week, where it announced plans to double the arm’s operating profit in the next five years. 

IAG Loyalty manages Avios, which allows members to collect and redeem points on flights, hotels and car hire. It also operates British Airways Holidays, a tour operator that offers package deals across 10,000 hotels and 600 destinations. Avios makes up about 80 per cent of the division’s profits.

The full story is available in The Times.

More like this…

View all