Here are the top business stories making the headlines in the morning newspapers.

M&S boss invited to Aberdeen meeting

A taskforce set up to rejuvenate Union Street has written to the boss of M&S to reiterate its importance to Aberdeen.

Bob Keiller, chairman of Our Union Street, believes the Marks & Spencer outlet at St Nicholas is a “shopping anchor” for the area.

He has now written to chief executive Stuart Machin to highlight the store’s importance – while also inviting him to join round table talks on the city’s regeneration next month.

The Press & Journal says that, in November, M&S announced it was accelerating the closure of 68 UK stores – prompting concern about the future of the St Nicholas branch.

Massive oil rig leaves Granite City

A towering oil rig has departed Aberdeen for the North Sea.

Energy Voice says the Noble Innovator jack-up, which is more than 600ft high, arrived in the city in February.

Now, following maintenance, it is heading out to the North Sea for work with BP on a contract to decommission old oil and gas wells.

Fewer first-time home buyers

The number of first-time home buyers in Scotland has fallen by almost 30%.

Figures released by the Bank of Scotland show in the first half of 2023 there were 10,488 first-time buyers in Scotland compared to 14,850 – a year-on-year decrease of 29%.

It is the lowest figure since 2020, when there were 9,600 in the first half of the year due to the Covid-19 pandemic.

The Press & Journal says higher interest rates and inflation at levels not seen in a generation put the brakes on the housing market in the early part of this year

Oil protest at rugby match

Just Stop Oil protesters caused a stoppage to rugby's Gallagher Premiership final on Saturday by running on to the pitch and throwing orange paint powder.

The match between Sale and Saracens at Twickenham was briefly delayed when two men ran from the stands.

The BBC says stewards escorted the protesters away to cheers from the crowd, and the men were later arrested.

Mass arrests after Dutch motorway blocked

More than 1,500 climate protesters have been arrested by police in the Netherlands after blocking a major motorway in The Hague.

During the protest, organised by Extinction Rebellion, activists walked onto the A12 highway demanding an end to fossil-fuel subsidies.

Police fired water cannon to try to disperse the crowds, but many came prepared in raincoats and swimsuits.

Most arrested protesters were released, but police said 40 would be prosecuted.

The BBC says among those at Saturday's protest were several Dutch celebrities.

Renewable project to change Dundee skyline

Tall white towers will change Dundee’s skyline for the rest of the year as a new stage of wind farm work gets under way at the port.

Since March last year parts for the Neart na Gaoithe offshore wind farm have been stored horizontally at the port’s wind turbine marshalling facility.

Now, with the electrical infrastructure in place and foundations laid about 10 miles from the coast of Fife, the next stage of the project can start.

The three sections of each turbine tower will be erected onshore.

Energy Voice says that, when put together, they will stand around 300ft tall - about the same height as the Statue of Liberty.

The work is due to begin this week.

Delays at airports

Passengers flying into the UK faced hours of delays at airports where passport e-gates were not working.

Travellers told of their anger at being stuck in queues at airports including Heathrow, Manchester and Gatwick.

The Home Office said on Saturday evening that all e-gates were now operating as normal.

The disruption, which began on Friday night, had been due to an IT issue, a source told the BBC.

The e-gate system speeds up passport control by allowing some passengers to scan their own passports. It uses facial recognition to verify identity and captures the traveller's image.

Twitter told: ‘You can run, but you can't hide’

Social-media company Twitter has pulled out of the European Union's voluntary code to fight disinformation.

Thierry Breton, who is the EU's internal market commissioner, announced the news on Twitter - but warned the firm that new laws would force compliance.

"Obligations remain. You can run, but you can't hide," he said.

The BBC says Twitter will be legally required to fight disinformation in the EU from August 25.

The EU commissioner added: "Our teams will be ready for enforcement."


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