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

Labour reshuffle

Sir Keir Starmer is expected to reshuffle his shadow cabinet today.

The long-awaited change of Labour's top team coincides with MPs returning to Westminster from their summer break.

There is much speculation over what role Sir Keir may give his deputy leader Angela Rayner.

The reshuffle will come on Sue Gray's first day as Sir Keir's chief of staff. The former civil servant rose to fame during her investigation of Partygate.

The BBC says it is not expected that Sir Keir will swap his most senior colleagues - including the shadow chancellor Rachel Reeves, shadow health secretary Wes Streeting and shadow home secretary Yvette Cooper.

Job fears at Maersk Supply Service

Maersk Supply Service could cut more than 100 jobs as part of plans to concentrate on two core areas - offshore wind and offshore-support vessels.

Energy Voice says that, as part of the streamlining process, dozens of workers in the UK are at risk of losing their jobs.

Around 130 people will be impacted onshore and offshore over the next two years, depending on the consultation process, the firm said.

Maersk Supply Service has a regional office at the Prime Four Business Park on the outskirts of Aberdeen.

Aberdeen beach images

New images have revealed more about how Aberdeen beach could look – if a proposed multi-million-pound revamp goes ahead.

Blueprints lodged pending approval show the scale of the transformation project.

A new amphitheatre, a “play factory” for children and an events field have been drafted as part of the overhaul.

And two new buildings – a gateway building and a hub – could also be built.

The Press & Journal says proposals were expected to be put to Aberdeen councillors for scrutiny in a major update last month.

But amid clashes over the newly-introduced bus gates in the city centre, beach-related matters were left until the meeting can reconvene on Monday, September 11.

Anti-social behaviour in city centre in focus tomorrow

Business owners are prepared to dip into their own pockets to deal with youths who want to cause mayhem in Aberdeen city centre, according to the Press & Journal.

Aberdeen City Council public-protection convener Miranda Radley has said media coverage of the city centre’s challenges was “maybe not as helpful as it could be”.

Her committee will quiz police on anti-social behaviour in Aberdeen tomorrow.

British inflation warning

The UK will have the highest inflation rate in the G7 until at least the end of 2024, Moody’s has warned.

British consumer prices are predicted to rise by a further 3.9% next year according to the ratings agency, even as interest rates have risen at the fastest pace since the 1980s.

This is similar to Italy and far higher than in other large advanced economies, with inflation in Germany expected to average 3% next year, 2.5% in the US and 2.1% in France.

The Telegraph says the UK currently has the highest rate of inflation among G7 countries at 6.8%

Revised figures for UK economy

The UK economy made a stronger recovery during Covid at the end of 2021 than previously estimated, according to sharply-revised official figures.

Data has now revealed that the economy was 0.6% bigger in the final three months of 2021 compared to pre-pandemic levels.

The previous figures said that the UK economy was 1.2% smaller.

The BBC says the Government said it showed "those determined to talk down the British economy have been proved wrong".

Al Fayed dies

Mohamed Al Fayed, the former Harrods boss whose son Dodi was killed in a car crash alongside Diana, Princess of Wales, has died aged 94.

Born in Egypt, he built a business empire in the Middle East before moving to the UK in the 1970s.

However, he never realised his ambition to gain a passport for his adopted country.

He spent his later years questioning the circumstances surrounding the deaths of Dodi and Diana.

The BBC says Mr Al Fayed had remained largely out of the public limelight in the past decade, living in his Surrey mansion with his wife Heini.

Possible strikes at Scottish Water

Hundreds of Scottish Water staff have backed possible strikes amid a dispute over pay and conditions.

Unions say the organisation tried to set out a pay offer to workers without consultation or agreement.

Now, the BBC says that two unions have held ballots and found the majority of members back taking industrial action.

A Scottish Water spokesperson said it was continuing to seek negotiations with unions to increase employee pay and modernise its salary structure.

Yousaf at pro-independence rally

The first minister has told a pro-independence rally that the Yes movement can help correct the "damages" of Brexit.

Humza Yousaf addressed a crowd outside the Scottish Parliament on Saturday following a Believe in Scotland march from Edinburgh Castle.

He said Scotland could get "back on the right track" by re-joining the EU.

But the BBC says opposition parties accused Mr Yousaf of being obsessed with independence and out of touch with public opinion.

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