Here are the business stories making the headlines across Scotland and the UK this morning.
Aberdeen’s King Foods’ collapse leaves over £2m in debt with local suppliers hit hard
More than £1million is owed to banks and over £1million to suppliers after Aberdeen wholesaler King Foods collapsed into administration.
The Torry-based family business employed 40 staff before shutting down in February, ending more than 30 years of trading in the city’s food supply chain.
New administrators’ proposals now expose the scale of the company’s debts – and the limited prospects of any meaningful recovery for creditors.
Meta to track workers' clicks and keystrokes to train AI
Meta will start tracking the way employees work, including their keystrokes and mouse clicks, to train its artificial intelligence (AI) models.
The company, which owns Instagram and Facebook, told workers on Tuesday that a new tool will run on Meta's computers and internal apps, logging their activity to be used as training data for AI technology.
A Meta spokesman told the BBC: "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them."
Royal Mail pledges £500m to tackle late deliveries
Royal Mail has pledged to invest £500million to tackle its much criticised on-time delivery performance by starting cuts to second-class post on Saturdays from May and persuading thousands of its part-time workers to go full-time.
The company said the money would be spent over the next five years and included an agreement to allow about 6,000 part-time postal workers to increase their average weekly hours if needed as part of the second-class post reforms.
The nationwide letters monopoly and parcels delivery company had a performance problem before the government allowed the business to be taken private by the interests of Daniel Kretinsky, a Czech billionaire, in a £3.5billion deal last year, which took the company off the stock market.
Lorraine Kelly’s company loses value amid uncertainty over TV show
Lorraine Kelly’s financial fortunes have declined amid reports that her long-running stint as the queen of ITV’s breakfast schedule may be coming to an end.
Newly released company accounts showed that her company Albatel had total assets of £3.9million. That included £2.75million held in a bank account, more than £1million owed by debtors and an investment portfolio worth £135,000.
After paying off creditors, the company had a net worth of £3.7million, a drop of almost £450,000 on the previous year.