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

Referendum update on Tuesday

Nicola Sturgeon is to set out details next week of how she plans to hold a second referendum on Scottish independence.

The first minister will make a statement in the Scottish Parliament on Tuesday.

She is expected to say how she intends to hold a referendum in October of next year, regardless of whether or not the UK Government grants formal consent.

The BBC says the UK Government has already indicated it will not do so.

Ms Sturgeon will take questions from MSPs after giving her statement, which will come just two days before Holyrood goes into recess for the summer holidays.

There have also been suggestions that the pro-UK parties could boycott any referendum that was held without the consent of the UK Government, which could potentially refuse to recognise the result.

Collaboration deal on carbon capture
Storegga, the company behind the Acorn carbon capture and storage facility near Peterhead, has signed a "groundbreaking" collaboration deal with Aker Carbon Capture.

The memorandum of understanding will see the pair work together on CCS projects at scale, helping industrial emitters gain access to "full value chain offerings" in the UK.

Storegga is the lead developer on Acorn project, the backbone of the Scottish Cluster which seeks to store emissions from sites like Ineos' petrochemicals facility at Grangemouth.

Nick Cooper, CEO of Storegga, told Energy Voice: "Strong partnerships that weave together specialist skill sets and experience will be the key to unlocking the CCS market and getting projects at scale online in short order.

Scottish police pay offer rejected

A pay increase of £565 for Scottish police officers has been rejected by the Scottish Police Federation.

Its governing body, the joint central committee (JCC), confirmed it was unanimous in its support for staff to dismiss the offer.

It criticised the Scottish Police Authority, Police Scotland and Scottish ministers for "the continued failure to return to the negotiating table".

The BBC states that Police Scotland said it was committed to reaching a settlement.

The JCC said it had also agreed to support internal forms of action, which it said was "necessary and proportionate".

Fewer tourism bookings north of the border

Half of Scotland's tourism industry says it has recorded fewer bookings this summer compared with 2019, new figures show.

The Scottish Tourism Alliance survey found almost 40% of businesses reported a decrease in spending since May 2021.

Business say the drop-off is due to the cost-of-living crisis and the appeal of international travel.

They say they struggle to compete on price with global destinations.

More than 700 tourism businesses across Scotland took part in the survey.

The BBC says a record 55% of businesses reported that their international bookings for June-August were lower in comparison with May 2019 - before the pandemic.

Rolls-Royce union rejects £2,000 payments for workers

A union representing Rolls-Royce workers has rejected the offer of a £2,000 one-off payment from the firm to help its staff with the rising cost of living.

Of the 14,000 staff at Rolls-Royce who were eligible for the payment, 11,000 members are unionised.

Unite said the offer "falls far short of the real cost of living challenges which our members are experiencing".

But Rolls-Royce said the offer was "fair" and "a good deal" for staff.

The lump sum, which was intended for junior management and shop-floor staff, was due to begin being rolled out in August, starting with the 3,000 non-unionised staff before being paid to the remaining 11,000 unionised workers.

The BBC reports that Unite's regional secretary Paresh Patel said the union was still in negotiations with Rolls-Royce about the pay offer.

Big jump in grocery bills

The average annual grocery bill in the UK is set to rise by £380 this year, according to research firm Kantar.

The BBC says that means shoppers could be paying on average an extra £32 a month for food and other groceries.

Back in April, the firm predicted the cost of the average annual supermarket shop would go up by £271 in 2022.

The upward revision shows "just how sharp price increases have been recently and the impact inflation is having on the sector", said Kantar.

The survey also showed grocery prices rose by 8.3% over the past four weeks - the highest rate in 13 years.

"The inflation number makes for difficult reading and shoppers will be watching budgets closely as the cost-of-living crisis takes its toll," said Fraser McKevitt, head of retail and consumer insight at Kantar.

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