Here are the business stories making the headlines across Scotland and the UK this morning.
Improved offers expected for Aberdeen Raac homes
Aberdeen residents whose homes are set to be demolished due to the presence of potentially dangerous concrete look set to be given improved offers for their properties.
More than 500 homes in the city's Balnagask area contain reinforced autoclaved aerated concrete (Raac). The Scottish government agreed a funding deal worth £10m with Aberdeen City Council (ACC) earlier this month to help support residents.
ACC has now confirmed it is preparing to offer homeowners "essentially a pre-Raac" valuation. The proposals are due be discussed at a meeting on Tuesday.
EY partners get first pay rise in three years after record profits
EY’s UK partners have been given a pay rise for the first time since 2022 on the back of its most profitable year on record.
Despite a further slowdown in its once-dominant advisory arm, EY’s UK army of accountants and consultants generated fee income of £3.78billion in the financial year to June, 2% more than the £3.7billion they achieved in the previous year.
Pre-tax profits climbed 4% to £679million from £65million a year earlier and surpassed the previous record of £659 million set in 2023.
Elon Musk may step down unless Tesla agrees $1trillion pay package
Elon Musk may step down from Tesla if shareholders “fail to foster an environment that motivates” him by handing over a pay package worth up to $1trillion, the carmaker’s chairwoman has warned.
Robyn Denholm issued the warning in a letter to shareholders before a vote on the pay deal, which would be the largest pay package in corporate history.
Musk is set to receive the payout if he lifts Tesla’s market valuation to about $8.5trillion by 2035. However, the shareholder advisory groups Institutional Shareholder Services (ISS) and Glass Lewis have both urged investors to oppose the deal.