Here are the business stories making the headlines across Scotland and the UK this morning.
New owner of premium Inverurie butcher suspends deliveries to North-east customers
Parts of Aberdeenshire have been left outside Donald Russell’s delivery network following the sale of the iconic butcher’s brand.
The Donald Russell brand and its direct-to-consumer website was bought by the owners of fine food producer DukesHill, based in Shropshire, last month.
The Donald Russell factory in Inverurie closed with the loss of 120 jobs.
Mike Ashley’s Frasers bids £166m for Australian footwear chain
Mike Ashley’s Frasers Group has made a £166million swoop for the Australian clothing and footwear chain Accent while calling for its chairman to step down.
The owner of Sports Direct and Flannels, which is Accent’s largest shareholder with a 22.9% stake, said it had tabled an A$0.65 (26p) a share bid for the rest of the company’s shares, at the equivalent of its closing price on Friday.
The move comes only a few days after Frasers launched a £1.7billion offer for Hugo Boss, the German luxury fashion group in which it is also the largest shareholder. Founded by the billionaire Ashley, Frasers is known for its aggressive corporate tactics, which include building up stakes in companies and pressing for change.
Fox Corp buys streaming platform Roku in $22bn deal
Fox Corp has struck a $22billion deal for Roku in a bet that combining its sports and news programming with the TV streaming platform will strengthen its position as audiences shift online.
The cash and shares deal will make Fox the third-largest player in American television by share of viewing, giving it access to the 100 million-plus households that use Roku’s streaming platform.
It is Fox’s first major acquisition since Lachlan Murdoch, the chief executive and chair of Fox Corporation, took control of the media empire his father built.
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American Express seals $700m deal for restaurant booking app
American Express has agreed to buy Tripadvisor’s restaurant booking app TheFork for $700million.
The credit and charge card company said that by owning TheFork it would be able to expand its dining network to 75,000 bookable venues and bolster its international business, which has been its fastest-growing segment for many years. The deal is slated to complete by the end of this year.
Rafa Marquez, president of international card services at American Express, said the deal would strengthen the company’s ability to provide its card members with access to restaurants.
SpaceX IPO raised $10bn more than thought
SpaceX raised $10billion (£7.5bn) more than initially thought when it sold shares to the public on Friday - bringing in a total of $85.7billion.
Elon Musk's rocket and Artificial Intellgience (AI) company pulled off the biggest initial public offering (IPO) in history when it joined New York's Nasdaq stock exchange last week.
The listing had raised $75billion from investors, which Musk told employees will be spent funding a "significant growth phase".
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Japan raises interest rate to highest since 1995
Japan's central bank has increased its main interest rate to a new 31-year high after a surge in global energy prices.
On Tuesday, the Bank of Japan (BOJ) raised its so-called policy rate to 1% from 0.75% - to a level not seen since 1995.
The decision comes as some other central banks have raised interest rates this year as the Iran war pushed up the cost of living.