Here are the business stories making the headlines across Scotland and the UK this morning.
Minimum wage shame list reveals Scottish firms that failed to pay staff
Fifty firms in Scotland have been revealed on a UK government list naming and shaming employers that failed to pay staff minimum wage.
Three of the companies topping the list in Scotland - including North-east bakers Murdoch Allan & Son - each owed more than £20,000 to underpaid workers.
The Department for Business said 658 employers across the UK have been ordered to repay £4m after more than 27,000 workers have been left out of pocket.
Read the full story on the BBC website.
A spokesperson for Murdoch Allan & Sons said: "In more than 30 years of business, we have never set any employee’s rate of pay below the National Minimum Wage. We take our responsibilities as an employer extremely seriously. Our staff have always been paid at least the legal minimum wage, and often above it.
"The issue highlighted relates to a technical breach regarding a subsidised bus service.
"Employees chose to have their contribution for the service deducted directly from their wages rather than bring cash to work. Although their actual rate of pay was not below minimum wage, the deduction meant their pay was calculated as falling below the required level for National Minimum Wage purposes.
"We were therefore required to reimburse the affected employees, who then paid their bus contribution separately in cash.
"A fine was also issued because of this technical breach."
Almost half of households do not see benefits of economic growth, report says
Almost half of people in Britain live in areas where economic growth does not translate into a better quality of life with a "stark" North-South divide in the spending power of households, a new report finds.
Researchers at consultancy PwC said every region in the north of England, Midlands and Wales had lower spending power than the country's average, with London and the South East comfortably above.
Scotland and the south west of England were exceptions to the trend, the report added, because lower housing costs and smaller households meant spending power was slightly above the national average.
Find out more on the BBC website.
Council could put limit on Aberdeen Beach food trucks – as new licences dished out amid fears area ‘can’t take much more’
Aberdeen’s bustling beachfront food truck scene could soon be stifled – as councillors worry seaside space is running out.
There are more than 30 licensed street traders at Aberdeen beach, flourishing among the disruption caused by the construction of two new parks north of the busy Fittie end.
The buzzing space has blossomed in popularity in recent years, with vans offering various treats proving a hit with visitors.
Read more in The Press and Journal.
Alyn Smith appointed as Scotland's innovation minister
Alyn Smith has been appointed as the Scottish government's new minister for innovation, technology and tertiary education.
It follows the resignation of Ben Macpherson last week.
The Scottish government said First Minister John Swinney made the appointment via video call as Smith is currently suffering from a minor illness.
Read the BBC article here.
Tech firm loaned £15m by Scotland’s state-run bank goes bust
A technology firm backed with £15 million from the Scottish National Investment Bank (SNIB) has gone into administration with the loss of more than 40 jobs.
PureLifi had developed cutting-edge technology which allowed data to be transferred securely and quickly using light rather than traditional radio waves.
Administrators from BTG said the business had run out of cash after a move into manufacturing its own equipment proved more costly than anticipated.
Read more in The Times.
Tim Cook awarded $47m as he becomes Apple’s chairman
Tim Cook has been awarded a pay package worth $47 million as he assumes his new role as Apple’s executive chairman.
Cook will be paid a base salary of $2 million alongside $45 million worth of shares, which almost matches the amount awarded to John Ternus, his successor as chief executive. Half of Cook’s share awards depend on meeting performance targets, while the other half will be paid out over four years.
Ternus, who took over from Cook on Tuesday, will receive a base salary of $3 million as well as a share award worth $52 million, regulatory filings show.
Read the full story in The Times.