Here are the business stories making the headlines in Scotland and the UK this morning.
Profits surge at Hywind Scotland
Profits from Equinor’s Hywind Scotland offshore wind scheme, off Peterhead, have surged.
The world’s first floating wind farm generated pre-tax profits of £27.6million last year.
The Press & Journal says this is a 68% increase on the £16.4million the project made in 2021, while turnover increased by 32% year on year, to £47million.
Eni takeover of Neptune?
Italian energy giant Eni is believed to be inching towards a near-£5billion takeover of North Sea company Neptune Energy.
France’s TotalEnergies is also thought to be circling the UK firm, but Eni is said to be the front-runner.
According to reports, Eni could announce a deal as soon as this week.
But the Press & Journal says a final decision is yet to be made and there is no certainty that there will be a deal.
Container accident at Peterhead
A man has been taken to hospital after a chemical container collapsed at Asco South in Peterhead yesterday.
Police and ambulance crews responding to the incident and the site being fully evacuated and work coming to a halt.
The Press & Journal says one man was taken to Aberdeen Royal Infirmary with another four people treated at the scene.
Cafe plans by Transition Extreme
Transition Extreme hopes a colourful makeover with a foodie flavour could help it to become a “tourist hotspot” at Aberdeen Beach.
A proposed new cafe would be the latest addition to the extreme sports charity’s Links Road facility, following the recent installation of a new pump track.
The Press & Journal says it comes amid efforts to regenerate Aberdeen’s seafront area.
While Transition Extreme is not part of the council’s grand beach masterplan, bosses still believe they can benefit from an anticipated increase in footfall.
The charity wants to build on its success – and create “exciting” developments to improve its offering.
KCA Deutag lands work worth more than £55million
KCA Deutag has announced new contracts and extensions across the North Sea worth in excess of £55million.
The Portlethen-headquartered drilling services group said the awards covered platform drilling and maintenance work with existing clients in the UK sector of the North Sea.
Energy Voice says each of the deals ranges from two to five years.
Turkish interest rate could hit 40%
Turkey is poised to reverse some of the unorthodox economic policies of President Erdogan as his new economic team tries to bring down rampant inflation.
Less than a month after Mr Erdogan won re-election, interest rates are expected to rise dramatically from the current level of 8.5%.
Inflation is almost 40% and Turks are in the grip of a cost-of-living crisis.
But Turkey's leader has so far insisted on keeping interest rates down.
The BBC says the big question is how far the key policy rate will rise.
Economists are divided on how sharp the hike will be, with US-based investment bank Morgan Stanley suggesting an 11.5% increase to 20%, while Goldman Sachs expects the rate could hit 40%.
Amazon in US row over Prime
The US has accused Amazon of tricking customers into signing up for automatically renewing Prime subscriptions and making it difficult to cancel.
The Federal Trade Commission (FTC), the country's consumer rights watchdog, made the claims in a lawsuit.
It cited allegedly "manipulative" website designs.
The BBC says Amazon rejected the charges, calling them "false on the facts and the law".
More than 200million people subscribe to Prime globally.
The service, which offers shipping perks, access to streaming movies and more, costs $139 a year or $14.99 monthly in the US and £95 per year in the UK.
The FTC said Amazon used website designs that pushed customers into agreeing to enrol in Prime and have the subscription automatically renew as they were making purchases.