Here are the top business stories making the headlines in the morning newspapers.
Call for 'new deal' for Scottish councils
Scotland's councils have "gone beyond the point" where making savings is enough to balance their books, a spending watchdog has warned.
Audit Scotland said local authorities must radically change how they operate in order to maintain and improve the services they offer.
Auditors warn budget constraints and cost pressures are putting councils' finances under "severe strain".
Adult social care and housing are among areas of concern. These areas, along with environmental services and culture and leisure, are where a new Audit Scotland report concludes service performance was "at risk or declining".
A "new deal" between the Scottish Government and councils, which is aimed at allowing more long-term planning and could allow new local taxes, is "long overdue", the report adds.
The BBC says council services across Scotland have been impacted by financial pressures in the last year.
In Aberdeen, campaigners have been fighting the closure of libraries and a swimming pool, while in West Lothian a number of leisure centres are earmarked for closure.
Sturgeon home raid
Police had to wait two weeks before they were given permission to raid the home of Nicola Sturgeon and her husband Peter Murrell, it has emerged.
The Crown Office was told on March 20 that Police Scotland wanted a search warrant.
But it was not until April 3 - a week after the SNP leadership contest ended - that the application for a warrant was approved by a sheriff.
Officers searched the home of the former first minister two days later.
Details were released by Police Scotland in response to a Freedom of Information Request by the Scottish Conservatives.
However, the BBC says sources close to the inquiry have denied that there was an undue delay.
Scottish unemployment down
Unemployment in Scotland remained at a lower rate than the UK in the first three months of this year, according to new figures.
The Office for National Statistics reported that an estimated 86,000 adults - or 3.1% - were seeking work between January and March, compared with 3.9% for the UK as a whole.
The BBC says Scotland's figure was 0.2% lower than the previous quarter.
Greenhouse gas emissions
Scottish scientists have been using mobile testing equipment to measure greenhouse gas emissions from sheep.
Scotland's Rural College said it was the first time the New Zealand-designed portable accumulation chambers had been used in the UK.
The equipment helps scientists analyse methane concentrations from sheep to identify which of their genetics and feed produce the highest emission levels.
The college told the BBC that there was an urgent need to mitigate greenhouse gas emissions from sheep.
Improved offer for United
Sheikh Jassim bin Hamad Al Thani has made an improved offer to buy Manchester United.
Sources have told the BBC that a fresh bid was submitted on Tuesday morning amid further talks involving the Raine Group, who are handling the sale.
The Qatari banker and Sir Jim Ratcliffe are the two main parties looking to buy the Old Trafford club.
Both submitted third bids at the end of April.
There has been no indication when the Glazer family will make a decision over the future direction of United.
They bought the club for £790million in 2005, and have established a valuation of between £5billion and £6billion for it.
More people struggling financially
The number of people struggling to pay their bills and debts has risen by nearly 40%, the UK's financial regulator has said.
The Financial Conduct Authority said 10.9million adults were in difficulty in January - 3.1million more people than in May 2022.
The BBC says the regulator has encouraged people struggling to ask lenders for help.
Buffett buys into Diageo
Warren Buffett’s Berkshire Hathaway has taken a £33million stake in drinks giant Diageo.
Diageo, which is a big player in the Scottish whisky industry, has a stock market valuation of around £80billion.
Proactive Investors says equities backed by the veteran investor, dubbed the Sage of Omaha, are closely followed.
Sales soar at Greggs
Greggs says sales have gone up nearly a fifth compared to this time in 2022, saying its food remains "compelling" to customers in the cost-of-living crisis.
But the bakery chain reported that inflation and pressures on incomes remained challenging.
The BBC says Greggs now has more than 2,360 outlets.
Carmaker warning
One of the world's biggest carmakers has called on the UK Government to renegotiate part of the Brexit deal or risk losing parts of its car industry.
Stellantis, which makes Vauxhall, Peugeot, Citroen and Fiat, had committed to making electric vehicles in the UK.
But the BBC says the firm has now said it is no longer able to meet Brexit trade rules on where parts are sourced.
Jobs going at Vodafone
Vodafone will axe 11,000 jobs over the next three years as the new chief executive sets out her plans to "simplify" the telecoms giant.
The cuts equal around a 10th of its global workforce and will affect its UK headquarters and other countries.
Margherita Della Valle, who is also Vodafone's finance director, said its "performance has not been good enough".
The BBC says Vodafone has 12,000 staff in Britain, based in seven offices.