Here are the business stories making the headlines across Scotland and the UK this morning.
Wood shareholders back borrowing limit change
Wood Group shareholders approved a change to the company’s borrowing limits, clearing a potential obstacle to the company’s takeover by Middle East group Sidara.
At a general meeting a resolution was passed by 96.56% of the total votes cast, with 3.44% against.
Earlier this month the board had warned that breaching its borrowing limit would have “serious and adverse implications” for the acquisition.
Retail sales hit highest level since 2022
Retail sales hit their highest level since 2022 in September, with good weather giving a boost clothes shopping, according to new data.
Retail sales between July and September were 0.9% higher than the previous three months, new figures from the Office for National Statistics (ONS) shows.
Retail sales rose by 0.5% on the month in September 2025, following a similar increase in August 2025.
Millions of UK Apple users could get pay-out after court ruling
Apple could be forced to pay up to £1.5billion in damages after losing a collective legal action court case brought on behalf of 36 million UK iPhone and iPad users, both consumers and businesses.
The Competition Appeals Tribunal found that Apple, external had abused its dominant position by charging "excessive and unfair" prices in the form of the 30% commission, which it usually levies both on app sales and in-app payments.
The claimants argued that this meant that consumers had been overcharged for apps, subscriptions to apps, and when buying digital content in apps.
European aerospace firms agree satellite deal to take on SpaceX
Airbus, Leonardo and Thales have agreed to merge their satellite operations to create a European joint venture to compete with Elon Musk’s SpaceX.
The three aerospace companies have been in talks for months and the deal will create a single company that will employ 25,000 people with annual revenues of €6.5billion, based on 2024 figures.
The venture is expected to become operational as early as 2027 and draws inspiration from the successful MBDA tie-up, which involved BAE Systems, Leonardo and Airbus combining to design and manufacture missiles.