Here are the top business stories making the headlines in the morning newspapers.

Call for higher taxes on gas

Britain should place higher taxes on gas than electric to spur the country’s shift to a low-carbon economy, according to UK Energy Secretary Grant Shapps.

Energy Voice says the UK has long relied on gas for domestic use, helped by a reduced rate of VAT on the fuel and an established infrastructure. The government, however, wants people to shift from fossil-fuel boilers to electric heat pumps.

Changing the system would require levies to move “onto the gas side of things because it would automatically make the economics of an electric-driven economy better”, said Mr Shapps.

New plans for McDonald’s drive-thru

McDonald’s has lodged new plans for a £4million drive-thru in Aberdeen, hoping to overcome fears the restaurant could lead to a “preventable death”.

Refreshed proposals submitted by the fast-food giant also promise the Ashgrove Road West premises would be its first net-zero restaurant in Scotland.

The Press & Journal says the burger chain faced fierce backlash when it previously lodged plans.

The Scottish Ambulance Service feared increased traffic queuing up could delay crews getting to call-outs from the ambulance station across the road.

The new proposal involves a priority light system, controlled by the ambulance service in “high-traffic emergency situations”.

Torry store shuts after nearly a century

The owner of a long-running Torry convenience store that has shut its doors has said he would have continued to serve the community, if it were not for his cancer battle.

Taylor’s of Torry was run by Malcolm Taylor, 55, who started to help out at the family-run store as a nine-year-old child.

The Press & Journal says he was the third generation to run the shop.

Scottish theatre taken over

One of Scotland's oldest and best-loved theatres has been taken over.

The Pavilion Theatre in Glasgow has been bought by London-based Trafalgar Entertainment for an undisclosed sum.

The BBC says the 1,449-capacity Renfield Street venue was one of the last privately-run theatres in Scotland.

Opening in 1904 as a music hall, the venue has played host to stars including Harry Lauder, Charlie Chaplin, Billy Connolly and Lulu.

Dundee jobs at risk

More than 60 jobs are at risk in Dundee following the collapse of a specialist yarn manufacturer.

Administrators were called in at Bonar Yarns after the firm was hit by cash-flow difficulties.

FRP Advisory said Bonar would continue trading "in the short term" while a buyer is sought. There have been no redundancies.

The BBC says the firm, which was founded more than 100 years ago, specialises in polypropylene carpet backing yarns.

Bankruptcy for Virgin Orbit

British billionaire Sir Richard Branson's rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment.

The satellite-launch company halted operations weeks ago, but it hopes to find a buyer for the business.

The company, based in California, announced last week that it would cut 85% of its 750-strong workforce.

The BBC says that, earlier this year, a Virgin Orbit rocket failed to complete its first-satellite launch from UK soil.

Virgin Orbit's boss Dan Hart said that, although the company had "taken great efforts" to address its finances and secure more funding, "we ultimately must do what is best for the business."

He said that Virgin Orbit will now concentrate on finding a buyer for the business "to provide clarity on the future of the company to its customers, vendors, and employees."

Nigel Lawson dies

Former Conservative chancellor Nigel Lawson has died at the age of 91.

Chancellor during the 1980s, Lord Lawson held several cabinet posts under Margaret Thatcher and served as Conservative MP for Blaby from 1974 to 1992.

PM Rishi Sunak called Lord Lawson a "transformational chancellor and an inspiration to me and many others".

The BBC says Lord Lawson is survived by six children, including Nigella Lawson, a food writer and celebrity cook.

University strikes

University students are facing six more months of strikes, after the University and College Union (UCU) renewed its mandate for industrial action.

The UCU said it would consult members on employers' latest proposals this week.

The BBC says the action, over pay and working conditions, as well as pensions, will affect 150 UK universities.

The University and Colleges Employers Association said the renewed mandate threatened future negotiations.

Court battle win for John Lewis

John Lewis has won a court battle after a children’s author claimed the retailer had copied one of her designs for a Christmas advert.

Fay Evans, a self-published author from Macclesfield, Cheshire, claimed the company’s Excitable Edgar advert which was aired in 2019 bore “striking” resemblances to her own work Fred The Fire-Sneezing Dragon.

The Telegraph says she sued John Lewis as well as the creative agency which first developed the Christmas-advert concept.

But a High Court judge on Monday dismissed her claim, saying the idea of a sneezing dragon was "very old indeed", and ordered Ms Evans to publish the outcome on her website.

Action by Sparrows workers

Unite the union says dozens of platforms will be affected this week as workers begin industrial action.

Unite said Monday that around 150 of its members working as contractors for Sparrows Offshore Services would begin the first in a series of 48-hour work stoppages from tomorrow.

Energy Voice says the action is set to continue to June 9.

More like this…

View all