Here are the business stories making the headlines across Scotland and the UK this morning.
Major energy firm to close Aberdeen offices and relocate to Kingswells
The new owner of Petrofac Asset Solutions will close its current headquarters in Aberdeen and relocate later this year.
CB&I snapped up Petrofac’s North Sea-focussed business at the end of last year, after the parent company went into administration.
Petrofac had been a core part of the North Sea’s offshore industry for decades.
Read the P&J exclusive here.
Meta says AI model accessed the internet and hacked another firm
Facebook owner Meta says an issue during an evaluation by an independent testing company allowed one of its artificial intelligence (AI) models to connect to the internet and hack another organisation's system.
The announcement follows recent incidents across the AI industry, including breaches by OpenAI and Anthropic models, that have raised cyber-security concerns.
A Meta spokesperson told the BBC that it was investigating the hack that was caused by a "misconfiguration", which it described as similar to previously reported incidents at other firms.
Prioritise new jobs over green targets to win public contracts, firms told
Andy Burnham will tell firms bidding for public contracts to prove they are creating jobs rather than meeting green and social targets in a bid to get more people into work.
The prime minister will overhaul the £90bn public procurement system so bidders have to show they are supporting young people into work and addressing local skills shortages.
It comes as the government seeks to tackle the youth unemployment crisis, with Burnham saying he wants to create "growth in every postcode".
Read the full BBC story.
Frequency of Inverness to islands flights to be restored
The Scottish government says flights from Inverness to the Western and Northern isles are to be fully restored later this year.
Loganair reduced services last month due to sustainability concerns, but the airline said they could return to normal in October if funding was available.
Highlands and Islands Airports Ltd (Hial) has received more than £1m Scottish government funding to reinstate the frequency of connections from Inverness to Stornoway Kirkwall and Sumburgh.
Read the full story on the BBC website.
Iran says deal with Oman on Strait of Hormuz is in final stages
Iran says it has reached an agreement with Oman on a route for shipping through the Strait of Hormuz.
Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which he said was "in the final stages".
Baqaei warned, however, that a deal with Oman would not guarantee safe navigation through the strait, arguing security remained impacted by the US blockade of Iran's ports. The US and Oman have not commented on the proposal.
Read more from the BBC.
John Lewis boss warns ‘really tough’ trading will hit profits
The boss of John Lewis Partnership has warned profits will be squeezed by lower sales as the department store chain battles “really tough” trading conditions.
Jason Tarry, chairman of the employee-owned group which also owns Waitrose, told employees that John Lewis was operating in a retail environment where it “will trade into lower sales and higher costs”.
“We have to adjust for an immediate future that we weren’t expecting even six months ago, let alone a couple of years ago,” Tarry said in an interview with the company’s internal magazine, first seen by the FT.
Read the full story in The Times.
Gianni Infantino refuses to resign but issues apology in last-ditch survival bid
Gianni Infantino is refusing to resign as Fifa president despite widespread calls for him to quit but has apologised for “mistakes” in his plan to sell off stakes in the World Cup in a last-ditch attempt to survive.
The beleaguered Infantino, who was said by sources to have promised Morocco that it will host the 2030 World Cup final in return for its support, is digging his heels in despite Canada’s prime minister Mark Carney saying the sell-off plan “should be fatal” for his future as Fifa president.
Infantino has been holed up in Rabat, Morocco, since the crisis broke. He has been trying to persuade countries to issue statements of endorsement but many have ignored the call. Saudi Arabia, for many years among his strongest backers and appointed as the hosts of the 2034 World Cup, have been conspicuous by their silence.
Read more in The Times.