Here are the business stories making the headlines across Scotland and the UK this morning.
Bank boss sorry after describing workers as 'lower value human capital'
The boss of Standard Chartered has apologised after describing employees whose jobs are vulnerable to being replaced by artificial intelligence (AI) as "lower value human capital".
Discussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn't about cost cutting but "replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we're putting in".
He later sought to contextualise the remarks via LinkedIn and said he was sorry for his wording, which had "caused upset to some colleagues".
Scottish ministers call for tougher restrictions on new drivers
Scottish ministers have called on the UK government to grant them powers to put restrictions on new young drivers in a bid to reduce road deaths.
The introduction of graduated driving licences would restrict things like driving at night and the number of passengers new drivers could carry.
Figures from Transport Scotland, external show that, on average between 2020 and 2024, car users aged 16 to 22 had a much higher casualty rate than older age groups.
Morrisons ready to sell groceries to rivals to cut £3.1bn debt
Morrisons is in talks to start selling groceries to rival supermarkets as it seeks to address a debt pile of £3.1billion.
The Bradford-based supermarket has been weighing up possible deals to sell goods from its Myton food production business to other grocers after making a loss of £381million in its most recent financial year.
Representatives from rival food retailers have been invited to visit a Myton factory in recent weeks to discuss the arrangement, according to the Telegraph, which first reported the story.
Flying Tiger Copenhagen to be bought by TG Jones owner
The private equity fund Modella Capital is closing in on a takeover of Flying Tiger Copenhagen that would add about 900 stores across the world to its retail empire.
Modella, best known in Britain for its purchase of WH Smith’s high street chain in 2025, which it renamed TG Jones, is close to reaching an agreement with Flying Tiger’s owners, Danske Bank and Nordea, with a deal expected to be announced imminently, City sources said.
A swoop for the business would bring a major force in global retail under Modella’s control, significantly ramping up the fund’s international reach, as well as bringing another high street stalwart on to its roster.