Here are the business stories making the headlines across Scotland and the UK this morning.
Miliband to boost Britain’s nuclear power as blackout fears rise
Ed Miliband is to pump billions of pounds into a nuclear power renaissance to keep Britain’s lights on.
The Energy Secretary will on Tuesday commit £14.2billion to building two giant reactors at Sizewell, Suffolk, capable of providing six million homes with electricity regardless of low winds and dark winter days.
The heavy investment comes as fears rise that Mr Miliband’s rush to build wind and solar farms is leaving the grid too exposed to the weather and vulnerable to outages.
Read the full story in The Telegraph.
Post Office Horizon IT scandal payouts hit £1bn
More than a billion pounds has now been paid out in compensation to victims of the Post Office Horizon IT scandal, according to new government figures.
A total of £1.039billion has been awarded to just over 7,300 sub-postmasters across all four redress schemes, the latest monthly figures show.
Post Office Minister Gareth Thomas said: "We are settling cases every day and getting compensation out more quickly for the most complex cases, but the job isn't done until every postmaster has received fair and just redress."
Click here to read more.
Donald Trump back in ‘significant control’ of Aberdeenshire golf resort after 8 years
US President Donald Trump has been newly named as a person with significant control over the company that controls Trump International’s Aberdeenshire golf resort.
The filing for Trump International Golf Club Scotland Limited, submitted to Companies House, lists Trump as having the “right to exercise, or actually exercises, significant influence or control over the activities of a trust”.
Specifically, the Donald J Trump Revocable Trust, which ultimately owns Trump International Golf Club Ltd, the company behind the resort near Balmedie.
Read more in the P&J.
UK wage growth slows and unemployment rate hits four-year high
UK wage growth slowed in the three months to April and unemployment rose to the highest since the end of pandemic lockdowns in 2021, official data showed.
Average wage growth, excluding bonuses, was 5.2% in the three months to April, down from 5.5% the previous month, according to data from the Office for National Statistics. Analysts expected salary growth to have moderated to 5.3%.
The unemployment was 4.6%, up from 4.5% and the highest rate of joblessness since July 2021.
Click here to read the full story.
Glastonbury Festival sells fewer tickets to reduce congestion
Glastonbury Festival has sold a “few thousand less tickets” for this year’s event after fears were raised about dangerous levels of overcrowding risking a fatal crush.
Emily Eavis, the organiser, has confirmed that Worthy Farm in Somerset would not use its full 210,000 capacity “to allow more space for the audience”. The £373.50 tickets were sold out in less than 40 minutes upon their release last November.
The reduction in ticket sales comes after reports last year about attendees panicking as they were tightly packed in to watch the British band Sugababes, forcing security to close the route to the West Holts Stage due to overcrowding.
Read more here.