Here are the business stories making the headlines locally and across the country this morning.

Aberdeenshire budget: Crossing patrollers could be axed and free parking done away with

School crossing patrollers could be axed, free parking scrapped and garden waste collections binned as Aberdeenshire Council looks to save millions over the next year.

The local authority has revealed a number of possible budget cuts aimed at filling its huge £35.45 million financial black hole.

Newly unveiled budget papers have put forward various proposals that could save the local authority £17.3m into 2025.

The savings will be considered by councillors when they meet to set the crucial budget next week.

Cameron government knew Post Office ditched Horizon IT investigation

David Cameron's government knew the Post Office had ditched a secret investigation that might have helped wrongly accused postmasters prove their innocence, the BBC can reveal.

The 2016 investigation trawled 17 years of records to find out how often, and why, cash accounts on the Horizon IT system had been tampered with remotely.

Ministers were told an investigation was happening.

But after postmasters began legal action, it was suddenly stopped.

The secret investigation adds to evidence that the Post Office knew Horizon's creator, Fujitsu, could remotely fiddle with sub-postmaster's cash accounts - even as it argued in court, two years later, that it was impossible.

Superdry founder woos US investor to back bid for struggling chain

A prominent US investor is among the parties being courted by Superdry's founder as he assembles an offer to take the struggling fashion chain private.

Sky News has learnt that Davidson Kempner, which has backed a number of UK retailers, is in discussions with Julian Dunkerton about backing an offer for Superdry.

The talks are at a preliminary stage and there is no guarantee that Davidson Kempner will ultimately sign an agreement with Mr Dunkerton.

Their discussions add the US investor, which has backed Jojo Maman Bebe and Oak Furnitureland, and previously held a slug of debt in New Look, to a list of firms examining Mr Dunkerton's proposals.

Baby formula milk investigated over high prices

The UK infant formula market is under investigation after regulators said parents could be saving £500 in their baby's first year.

An initial report in November found the price of formula had risen by 25% over two years.

The Competition and Markets Authority (CMA) said that while prices had fallen a little, they remained "at historically high levels".

Just two companies - Danone and Nestle - control the majority of the market.

The formal investigation means that the regulator can use its legal powers to compel companies to hand over information. Previously, it had to rely on firm providing information voluntarily.

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