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

Royal Mail given go-ahead to scrap second-class post on Saturdays

Royal Mail can deliver second-class letters on every other weekday and not on Saturdays to help cut costs, the industry regulator has said.

Ofcom said a reform to the Universal Service Obligation (USO) was needed as people are sending fewer letters each year, so stamp prices keep rising as the cost of delivering letters goes up.

The current one-price-goes-anywhere USO means Royal Mail has to deliver post six days a week, from Monday to Saturday, and parcels on five from Monday to Friday.

Kellogg shares soar on reports of Ferrero takeover talks

Shares in the US maker of Kellogg's Corn Flakes have soared after reports that chocolate giant Ferrero is close to buying the firm for about $3billion (£2.2bn).

A takeover deal for WK Kellogg, which makes the Fruit Loops and Rice Krispies breakfast cereals for the North American market, could come as soon as this week, the Wall Street Journal and Financial Times reported.

The Italian owner of the Ferrero Rocher, Kinder and TicTac brands has been expanding in recent years, buying Nestle's confectionery business and several other food firms.

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Heathrow to pipe 'sounds of an airport' around airport

The UK's biggest flight hub plans to make your experience at the airport sound, well, even more like an airport.

In what may be a bid to overhaul its image after a disastrous offsite fire in March, or just a marketing spin for summer holiday flying, Heathrow says it has commissioned a new "mood-matching" sound mix, which will be looped seamlessly and played throughout the airport's terminals this summer.

The airport says "Music for Heathrow", external is designed to help kickstart passenger holidays by reflecting "excitement and anticipation".

X boss quits Elon Musk’s company

The boss of X has announced she is stepping down just days after owner Elon Musk announced plans to launch a new political party.

Linda Yaccarino, who joined the social media company in 2023, said she had decided to step down as chief executive after a “historic turnaround” for the company, which was snapped up by Mr Musk in a $44billion (£32bn) deal in 2022.

Her departure comes days after Mr Musk unveiled plans to set up a new political party amid a deepening rift with US president, Donald Trump.

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