Here are the business stories making the headlines in Scotland and the UK this morning.
Climate-action group deflates tyres in Aberdeen
A climate-action group has claimed responsibility for deflating the tyres of more than 100 cars in Aberdeen last week.
The Tyre Extinguishers oppose the ownership of large cars in urban areas, namely SUVs, and the impact they have on the environment.
The group believes these cars should be banned and shares their message by deflating the tyres of “oversized SUVs”.
The Press & Journal says activists targeted the Granite City for the first time on Wednesday morning deflating about 90 cars in the Ashgrove and Cornhill areas by inserting lentils into the valve.
This was followed by a further 40 cars being hit in the Kittybrewster area on Friday morning.
More cuts to cost of basic foods
Morrisons and M&S have become the latest supermarkets to cut the price of basics as retailers face pressure to do more to tackle soaring living costs.
The chains will cut the price of many goods including minced beef, tomatoes and Greek yoghurt.
The BBC says it follows similar cuts by the likes of Tesco and Sainsbury's and comes as food price inflation is stubbornly high.
Retailers have been accused of not passing on falling wholesale costs to consumers, but they deny profiteering.
Morrisons, the UK's fifth largest supermarket chain, said the latest round of price cuts was its sixth this year and the reductions would remain in place for eight weeks.
It stated that more than 47 popular products, including squash, cereal and pitta bread, will be cut by on average 25%, to help with the cost of living.
M&S said it was cutting the price of more than 70 family staples, including beef mince and chickpeas, and locking in previously-made reductions on other goods.
Rising cost to rent
The average UK tenant now spends more than 28% of their pay before tax on rent, figures shared with the BBC show.
It means people are spending more of their wages on rent than at any other time in the last 10 years, according to property portal Zoopla.
Average rents for new lets have also risen, jumping 10.4% in a year, making it harder for people to afford places.
Richard Donnell, executive director at Zoopla, said there were signs of financial stress for tenants, particularly those on low incomes.
Rents have been growing faster than wages in the UK for nearly two years, according to the data.
That has meant in the majority of the UK affordability of renting has been at its worst for a decade.
Rent now typically accounts for 28.3% of income, compared with 27% on average for the past 10 years.
Commons support for Johnson report
MPs have backed a report that found Boris Johnson deliberately misled MPs over lockdown parties at Downing Street.
The Commons voted overwhelmingly in support of the report, by 354 to seven.
The cross-party committee's report had found Mr Johnson committed repeated offences when he said Covid rules had been followed at No.10 at all times.
The BBC says several allies of Mr Johnson questioned the impartiality of the committee and said they would vote against.
Former Prime Minister Theresa May, Commons Leader Penny Mordaunt and Education Secretary Gillian Keegan were among the senior Conservatives who supported the report's findings.
Hunt for missing Titanic sub
US and Canadian search teams are racing against time to find a tourist sub that went missing during a dive to the Titanic's wreck on Sunday.
Five people were onboard when contact with the small craft was lost about an hour and 45 minutes into its dive.
The rescue operation is continuing in the mid-Atlantic, but there has been no sign so far of the vessel.
Government agencies, both countries' navies and commercial deep-sea firms are all helping the rescue operation.
As of Monday afternoon, it was thought the crew members had roughly four days-worth of oxygen left.
The BBC says among them is the British billionaire businessman and explorer Hamish Harding.
Rodgers back at Celtic
Brendan Rodgers has returned as Celtic manager four years after leaving to join Leicester City.
The BBC says the Northern Irishman, 50, has agreed a three-year contract with the Scottish champions to replace Ange Postecoglou, who left for Tottenham this month.
"I am really delighted to return to Celtic and I am hugely excited by this great opportunity," said Rodgers.
Talking to the club's website, he added: "When I was given the privilege of being asked to join the club again, it was a very simple decision for me and my family.”