Here are the business stories making the headlines across Scotland and the UK this morning.
Nike to hike prices as it faces tariffs uncertainty
Nike says it will raise the prices of some products from 1 June, with the increases hitting everything from shoes to clothing.
The sportswear giant says it is making the changes as part of "seasonal planning" and did not mention US President Donald Trump's tariffs policies that have upended global trade.
The firm also says its will sell products directly to Amazon in the US for the first time since 2019.
HSBC orders staff back to the office or it will cut their pay
Thousands of staff at HSBC in Britain have been warned that their pay packages could be cut if they do not go into the office at least three days a week.
The FTSE 100 bank sent staff a memo saying that “consistently not meeting 60% office attendance will be considered in an individual’s overall performance assessment … which could lead to variable pay being impacted”.
It also said that attendance would be more closely monitored from September, when managers will be given monthly data about employees who have failed to come in at least three days a week.
Click here for more.
Government borrowing higher than expected in April
UK government borrowing was higher than expected in April, according to the latest official figures.
Borrowing - the difference between spending and tax income - was £20.2billion, up £1billion from April last year.
That was higher than the £17.9billion borrowing figure that analysts had predicted.
Harvey Nichols scraps groceries and festive hampers to stem losses
Harvey Nichols is to stop selling food products and hampers as part of an attempt to push the retailer back into the black, putting about 70 jobs at risk.
The department store chain told The Times that it was proposing to shut down several non-core operations, including own-brand food, hampers, corporate food sales, and its online food marketplace, as it sharpens its focus on its fashion, beauty and hospitality offerings.
The shift comes amid a broader three-year strategy under Julia Goddard, the chief executive, to re-establish Harvey Nichols as a “British icon and flagship destination”, centred on luxury retail and premium experiences.
Click here to read more in The Times.