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

Major new report delivers blunt message for North Sea industry

An international coalition of energy industry leaders is today calling for a rapid “phase down” of fossil fuel production to help slow global warming.

The plea for tougher action to avert a climate catastrophe is in a new report by the Energy Transitions Commission (ETC).

It comes just weeks after the UK Government controversially sanctioned development of the giant Rosebank oilfield west of Shetland.

Prime Minister Rishi Sunak followed that up earlier this month by unveiling plans to legislate for annual oil and gas licensing to boost production and north-east jobs.

Aberdeen and Grampian Chamber of Commerce policy director Ryan Crighton said: “Where the alternative is importing oil or gas at a greater carbon cost, then we must favour domestic production.

“Right now, three-quarters of the UK’s energy consumption is derived from oil and gas.”

Barbie movie contributed more than £80m to UK economy and created nearly 700 jobs, says Warner Bros

The Barbie movie contributed more than £80m to the UK economy and created nearly 700 jobs, according to the studio behind the box office smash.

Greta Gerwig's film, starring Margot Robbie as Barbie and Ryan Gosling as Ken, was largely shot at Leavesden studios in Hertfordshire.

Warner Bros said the movie generated more than £95m as it provided written evidence to MPs on the Culture, Media and Sport Committee as part of the inquiry into British film and high-end TV.

Outlining the benefits of Barbie to the UK economy, Warner Bros said: "During its production in the UK, it contributed over £80m in direct spend to the local economy, created 685 jobs, involved over 6,000 extras, supported 754 local businesses, paid over £40m in local wages.

£370 million loan deal for Seaway7 expected to deliver 100 north-east jobs

Offshore wind installer Seaway7 has secured a £370 million loan to expand its UK business, with more than 100 new Aberdeenshire jobs promised by the end of the decade.

UK Export Finance (UKEF) provided an 80% loan guarantee to the offshore firm, part of the Subsea7 group, allwing it to access a £370 million funding package from HSBC.

The UK Government-backed deal is part of UKEF’s Export Development Guarantee (EDG) scheme.

It will allow Seaway7 to develop its UK sites and fund its current fleet – plans for which include the creation of 100-plus jobs in the north-east offshore wind industry by 2030.

One in three people in UK had problem with last parcel delivery, research shows

One in three people in the UK had problems with the most recent delivery of a parcel to them, Citizens Advice research has shown, as the charity named Evri and Yodel as the worst courier companies.

Citizens Advice’s annual league table of parcel delivery companies found that an estimated 13.3 million people – 34% of recipients – faced a problem with their most recent package last month.

No big parcel firm secured even a three-star rating out of a maximum five stars.

Evri, the delivery company formerly known as Hermes UK, came joint last with Yodel, with both companies receiving a score of two. The rating is reached using a set of criteria that include customer service, delivery problems, accessibility and trust.


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