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

Inflation up again

The cost of living in Britain unexpectedly increased last month, after three consecutive months of easing, driven by dining-out and food-price rises.

Inflation jumped to 10.4% in the year to February - from 10.1% in January.

Food costs rose at their fastest rate for 45 years, with higher costs for some salads and vegetables in particular.

The BBC says price rises come after shortages were seen in supermarkets.

Tomatoes, peppers and cucumbers were among certain vegetables that were in scarce supply, largely because of extreme weather affecting harvests in Spain and North Africa.

Pay deal for Hial workers

Workers who had been involved in a pay dispute with Highlands and Islands Airports Ltd (Hial) have accepted a new pay deal.

Prospect and Unite members were offered an improved 7% rise earlier this month. The unions rejected a 5% deal in October.

Industrial action had disrupted services at state-owned Hial since December.

The BBC says another union involved in the dispute, PCS, is still balloting on the offer.

Scottish Mortgage chairman standing down

The chairman of a leading City tech investor is stepping down following a public bust-up over corporate-governance rules.

Fiona McBain, who has held the post at Scottish Mortgage Investment Trust since 2017, will stand down after the venture’s annual meeting in June.

It comes after a board meeting quickly descended into acrimony last week following a row between non-executive director Amar Bhide and Ms McBain, the Telegraph reports.

Mr Bhide, a business professor at Tufts University in Massachusetts, clashed with Ms McBain after taking issue with the appointment process of two new board members.

Just Eat jobs go

Takeaway delivery firm Just Eat is to cut 1,870 jobs in the UK after a slowdown in sales.

The firm said it would stop employing its own couriers and use contractors instead, resulting in 1,700 job losses. It added that 170 operational roles will also go.

The drivers and riders affected have been given six weeks' notice.

It comes after the company saw a 9% slump in customer numbers last year as Covid rules eased and diners returned to pubs and restaurants.

The couriers affected work for Just Eat's "Scoober" service and are classed as workers for the company, getting paid a fixed hourly rate, an uncapped bonus and other benefits such as sick pay.

The BBC says most of the firm's delivery drivers are contractors who do not enjoy such perks.

Great British Railways to be based in Derby

Derby has been named as the location for the headquarters of Great British Railways.

The new public body will own the rail infrastructure, procure passenger services and set most fares and timetables.

The BBC says Doncaster, York, Birmingham, Crewe and Newcastle-upon-Tyne were also on the final shortlist of possible locations.

Transport Secretary Mark Harper said the move would make Derby "the heart of Great Britain's rail industry".

Prices of used electric cars tumble

Second-hand electric car prices are tumbling amid a glut of stock as drivers trade their cars in.

The average price of a pre-owned electric vehicle has fallen by 13% over the last year to £33,060, AutoTrader found.

The second-hand car marketplace said prices were coming down as more supply comes onto the market.

Many new cars bought between 2018 to 2020 are now being sold on by owners whose financing schemes have come to an end.

The Telegraph says the drop in used prices follows a decline in the asking price of new Tesla cars, the most popular electric car models in the UK.

‘Eye-watering’ cost of a Scotland top

Scotland fans say they feel they are being "taken for granted" after the national team's new home shirt went on sale at "eye-watering" prices.

The BBC says the top, which marks the 150th anniversary of the first international football match against England, costs £90 for adults and £70 for juniors.

One member of the Tartan Army said the expense of the new shirt was a "step too far" for many supporters.

Artificial intelligence hailed by Gates

Microsoft co-founder Bill Gates says the development of artificial intelligence (AI) is the most important technological advance in decades.

He called it as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone.

"It will change the way people work, learn, travel, get health care, and communicate with each other," he said.

The BBC says he was writing about the technology used by tools such as chatbot ChatGPT.

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