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

Aberdeen pub to revert to former name as it undergoes £150k revamp

The iconic Aberdeen watering hole, The Wig, will be given a new lease of life as it undergoes a £150,000 revamp next month.

The Wig will also be reverting to its former name, The Tilted Wig, with updated front signage.

The Castle Street venue’s very future appeared at risk when it closed back in 2024 – much to the concerns of locals.

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Watchdog slams O2 over unexpected price rise

The UK's media regulator has criticised O2 for raising its prices by more than it promised customers when they took out their phone contracts.

Ofcom said it was "disappointed" with the firm, and said it was going against "the spirit of our rules" around being transparent to customers about price rises.

In January, new rules were brought in to stop phone and broadband companies raising prices in the middle of a contract without warning.

Apple claims 'tremendous' global uptake of latest iPhones

The latest iPhones have seen "a tremendous response" across the globe, said Apple boss Tim Cook as the tech giant released its latest financial results.

The firm unveiled its thinnest iPhone, the Air, in September, along with upgraded iPhone 17 models, proving a bumper crop for the firm.

It said it expects the upcoming Christmas and New Year's period to be a blockbuster, forecasting overall revenue to be up to 12% higher than the same period last year.

Virgin cleared to challenge Eurostar on Channel Tunnel route

Virgin Trains has moved closer to being able to run rail services through the Channel Tunnel after the regulator approved its application to share a depot with Eurostar.

The decision by the Office of Rail and Road (ORR) means Eurostar's monopoly on passenger services is set to be broken for the first time since the tunnel opened in 1994.

Temple Mills railway storehouse in east London is the only depot in the UK able to accommodate the larger trains used in continental Europe and which is already linked to the cross-Channel line.

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