Here are the business stories making the headlines across Scotland and the UK this morning.

Peter Murrell to be sentenced for embezzling SNP funds

Former SNP chief executive Peter Murrell is to be sentenced at the High Court in Edinburgh today after he admitted embezzling more than £400,000 from the party.

Murrell - the estranged husband of Nicola Sturgeon - used the funds to buy goods ranging from cars and a motorhome to kitchenware and toiletries.

The 61-year-old has been remanded in custody since pleading guilty last month and is facing a substantial jail term.

Read more here.

Tech giant Oracle cuts 21,000 jobs as it embraces AI

Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.

The software and cloud computing firm says it had around 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.

The "deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the report says.

Find the full BBC article here.

JD Sports to splash £500k on Union Square store overhaul

JD Sports is planning to spend over half a million pounds on a revamp of its Aberdeen city centre store.

The store is located on the East Terrace of Union Square shopping centre, flanked by Next and The Entertainer.

It was one of the centre’s very first tenants, having occupied the unit since 2009.

Get the full story in The Press and Journal.

EasyJet says US bidder trying to buy it 'on the cheap' as it rejects £4.7bn offer

EasyJet has rejected a takeover offer worth £4.74bn from US investment firm Castlelake, accusing it of trying to buy the airline "on the cheap".

The carrier's comments came after Castlelake said it had made three takeover approaches to the airline this month, all of which had been rejected.

The US firm has now made details of its latest offer public to allow shareholders to assess the proposal. Under rules covering takeovers, Castlelake has until Friday to make a firm offer or walk away.

Read more on the BBC website.

Our Union Street boss on why Aberdeen business premises sit empty longer than necessary

The boss of Our Union Street says business premises sit empty longer than necessary due to the current business rates system.

Bob Keiller is leading the initiative to bring footfall, life and business vibrancy back to the Granite Mile.

In the past three years, he says more than 40 businesses have moved into the street.

Get the full P&J story.

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