Here are the top business stories making the headlines in the morning newspapers.

Rise in wages sparks fears of more interest rate increases

UK wages have jumped at their fastest rate in 20 years, excluding the pandemic, raising expectations of even higher rises in the interest rate.

Regular pay excluding bonuses increased by 7.2% in the three months to April, although it still lags behind inflation - the rate at which prices rise.

The Bank of England has warned big pay rises are contributing to the still-high rate of inflation.

It has put up interest rates 12 times since 2021 to try to slow price rises.

Fears the Bank of England will raise interest rates higher than previously thought - from their current 4.5% to 5.5% or more - have been causing turbulence in the mortgage market.

The BBC says lenders have been putting up rates and pulling hundreds of deals, causing uncertainty for borrowers.

A9 dualling timeline in focus

Civil engineers knew for years a target to dual the A9 from Inverness to Perth by 2025 would not be met, according to the BBC.

The Scottish Government committed to the date in 2011, when the project was predicted to cost £3billion.

In February this year, the then transport minister Jenny Gilruth said the target was "unachievable".

She said the project had been hit by delays caused by the Covid pandemic, Brexit and the war in Ukraine.

Eleven miles have been dualled in 10 years, leaving about 77 miles of road to still be upgraded.

MSPs are due to hear from Civil Engineering Contractors Association Scotland as part of their consideration of a petition calling for details of the revised timetable for the project.

The industry body said the dualling so far had been "glacial" and engineers had long known the project was progressing too slowly to be completed on time.

Yousaf says Sturgeon still an asset

Nicola Sturgeon is still an asset to the SNP, First Minister Humza Yousaf has said following her arrest.

The SNP leader called his predecessor the "most impressive politician in Europe" as he called for a unified approach from his party.

Ms Sturgeon was released without charge on Sunday after being questioned by police as part of an investigation into SNP finances.

The BBC says the former first minister has said she is "innocent of any wrongdoing".

Opposition politicians have called on Mr Yousaf to suspend his predecessor from the SNP, while some of his party's MSPs have said Ms Sturgeon should resign the whip temporarily while the police inquiry continues.

More Scots not seeking jobs

The number of Scots out of the labour market and not seeking jobs has increased, according to the latest official figures.

The rate was up to 22.9% for Scotland and down to 21% for the UK as a whole between February and April.

The BBC says the Office for National Statistics also reported Scotland's employment rate dipped below the UK figure.

Wind farm to power production of Irn-Bru

A wind farm which will help power the production of Irn-Bru has been officially opened.

Electricity from the South Kyle site will go to AG Barr facilities - including its factory in Cumbernauld.

The BBC says the company signed a contract in 2020 with developer Vattenfall for 100% renewable electricity at its plants.

Lowest profits for 16 years for landlords

Landlords are making their lowest profits for 16 years as the interest rate rises, leading some to look to leave the sector, estate agency Savills has said.

"Following a boom period for buy-to-let landlords, 2023 marks a turning point for Britain's private rented sector," Lucian Cook, head of residential research at Savills, told the BBC.

"There is a very real risk that landlords will exit the sector, particularly those with high levels of borrowing, putting increased pressure on a sector where demand significantly outweighs supply in many locations."

Tata Steel boss calls for ‘level playing field’

The chairman of Tata Steel UK has called for a "level playing field" as it seeks UK Government subsidies to decarbonise its Port Talbot steelworks.

Henrik Adam said European competitors were receiving "billions of pounds" from governments to transition to greener operations.

UK ministers have reportedly offered Tata £300million for decarbonisation.

Port Talbot is home to Britain's biggest steelworks with two blast furnaces working around the clock to produce steel used in a plethora of products, from tin cans to submarines.

The BBC says it is considered to be a strategic asset, and allows the UK to have a local and reliable source of steel production.

Clearer powers to stop protests

Police in England and Wales are to be given clearer powers to stop protests deemed to be seriously disruptive, in a law approved by Parliament.

The House of Lords voted through the new regulations, despite an attempt to block them by an opposition peer.

The BBC says the new law gives officers more leeway to intervene when protesters attempt to block roads with slow marching.

The tactic has been used by protest groups such as Extinction Rebellion, Just Stop Oil and Insulate Britain.

Trump in court

Donald Trump is returning to New Jersey after pleading not guilty to historic charges of mishandling sensitive files at a federal court in Miami, Florida.

The BBC says Mr Trump is the first US president - current or former - to be hit with a federal criminal indictment.

Arms crossed, in a dark suit and red tie, he sat in stone-faced silence for his second court appearance this year.

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