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

UK must 'do everything' to rebuild trade with EU, says Bank boss

The Governor of the Bank of England has said the UK now needs to "rebuild" Britain's trade relationship with the European Union and do "everything we can" to improve long term trade, after yesterday's US deal.

Andrew Bailey told the BBC that as a public official he did not take a view on Brexit, but that reversing the post Brexit hit to UK-EU trade would be "beneficial".

The Government is currently in talks with the EU on its plan to reset its trade and security relationship ahead of a summit later this month.

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Heathrow shutdown cause still unknown, report says

The root cause of a fire which led to the shutdown of Heathrow Airport and affected hundreds of thousands of journeys worldwide "remains unknown", an interim report says.

Heathrow was closed to all flights for much of 21 March after a fire at a nearby electrical substation, which started the previous night, caused a power outage at the airport.

In Thursday's report, the National Energy System Operator (Neso) said a transformer disconnected and caught fire at the substation in Hayes, west London.

Lidl is ‘preferred bidder’ for Lang Stracht site as replacement Aberdeen supermarket steps forward

Lidl looks set to remain in Mastrick as a deal for the sale of a vacant Lang Stracht site is poised to be sealed.

The German supermarket and the council have been locked in crunch talks for almost 10 months – with Lidl bosses desperate to stay in the area when they close their branch there later this year.

Secret talks were held over the sale at a council finance meeting yesterday. Now, Lidl has been announced as the preferred bidder for the demolished site next door – once occupied by the Aberdeen Journals offices.

Read the exclusive in the P&J. 

Revolt at British Gas owner over boss’s £4.3m pay

The owner of British Gas suffered a shareholder revolt at its annual meeting as almost 40% of Centrica’s investors who voted opposed the group’s executive pay.

At the meeting in Manchester, 39.98% of votes went against approving Centrica’s annual remuneration report, which sets the pay for top directors.

The remuneration of directors at Centrica has been in the spotlight in recent years because of the earnings of Chris O’Shea, its chief executive.

Rolls-Royce and Aston Martin shares leap after US-UK trade deal

Rolls-Royce and Aston Martin shares surged on Thursday after the trade deal between Donald Trump and Sir Keir Starmer gave them easier access to US markets.

Rolls, a major manufacturer of jet engines, was one of the biggest risers on the FTSE 100 share index after Howard Lutnick, the US commerce secretary, said the aerospace company’s engines and plane parts would not be subject to tariffs.

Shares rose 4.5% to 783.46p to close the session above the level they traded at before Mr Trump’s wave of tariffs on April 2.

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