Here are the business stories making the headlines across Scotland and the UK this morning.
Prada buys Versace to unite Italy’s biggest fashion brands
Prada has agreed to buy Versace in a €1.25 billion (£1.1billion) deal that will unite two of Italy’s biggest luxury fashion brands for the first time.
The Milan-based fashion house said that it had agreed to acquire 100 per cent of the brand from Capri Holdings, the owner of Michael Kors and Jimmy Choo.
Prada said the addition of Versace’s “highly recognisable aesthetic … constitutes a strongly complementary addition” to its portfolio, which includes the Prada and Miu Miu fashion brands.
Click here to read more.
Owners of historic Aberdeen bank look to cash in with £2.1million sale
A “historically significant” building in Aberdeen has found its way onto the market.
The building on Queen’s Cross has been leased to Clydesdale Bank since 1995, trading as Virgin Money.
Its owners are now looking to cash in, with a price tag of £2.1million.
Read more in the P&J.
‘Superhero’ Cristiano Ronaldo starts movie studio with X-Men film-maker
Cristiano Ronaldo has teamed up with the British film director Matthew Vaughn to launch a film studio, marking the five-time Ballon d’Or-winning footballer’s first step into the movie business.
The joint venture, UR Marv, aims to combine Ronaldo’s global brand power with the X-Men and and Kick-Ass producer’s success in action cinema.
The independent film studio said it planned to combine traditional film-making with “innovative technology”. It has not disclosed how much the pair have invested in the venture.
Click here to read more.
Funeral of MSP Christina McKelvie to take place
The funeral of MSP Christina McKelvie is to take place in Glasgow later.
The SNP politician died aged 57 in March after a long illness. She stood back from her duties as drugs and alcohol minister last year after announcing she had secondary breast cancer.
The funeral will be held at 15:00 at Dawdowie Crematorium and is open to anyone who wishes to attend.
Read more.
British Steel talks still deadlocked, source says
The talks to keep production going at the UK's last virgin steel plant in Scunthorpe are yet to reach a resolution, the BBC has been told.
British Steel has been warning the raw materials used to produce steel in two blast furnaces at the plant may soon run out.
On Wednesday, sources said the government had offered to buy the coking coal that is essential to keep the blast furnaces going.