Here are the business stories making the headlines across Scotland and the UK this morning.
£100 fines to be enforced at popular Aberdeen Airport drop-off point
A new sign has been propped up outside the Holiday Inn Express near the city’s airport, announcing a strict no parking, picking up, or dropping off policy.
The sign, which reads “entry for hotel customers only”, is accompanied by a warning that violators will face a £100 fine. If unpaid within 28 days, an additional £70 charge will apply.
It states that blue badge holders are not exempt from the fines.
Read the full story here.
FM considers call for non-fatal strangulation law
First Minister John Swinney says he is considering calls to make non-fatal strangulation (NFS) a standalone offence.
The mother of an Aberdeen University student who took her own life after being choked by her abusive boyfriend has launched a petition calling for the law change.
Swinney described NFS as an "abhorrent act", but said it already carried "very serious penalties" under the common law of assault.
Royal Mail fined £10.5m for missing delivery targets
Royal Mail has been fined £10.5million by the regulator for failing to meet delivery targets for first and second class mail.
It is the second year in a row the company has been fined by Ofcom for poor delivery performance.
The regulator said Royal Mail had failed to "significantly improve service levels". It said 74.7% of first class mail and 92.7% of second class were delivered on time in 2023-24, well short of the targets of 93% and 98.5%.
Kellogg’s UK operations report loss despite sales over £1bn
The UK arm of Kellogg’s has reported a loss despite growing demand for its breakfast cereals and Pringles snacks, with sales clearing the £1billion mark.
The US food group, which opened its first office in Britain in 1924, operates two separate companies in the UK, Kellogg Marketing and Sales Company (UK) and Kellogg Company of Great Britain.
In the year to the end of December 2023, Kellogg Company of Great Britain reported its turnover remained flat at £143million and the business moved from a profit of £13.6million in 2022 to a loss of £61million last year.
Dragons’ Den reject Tangle Teezer sold for $200m to Bic
Tangle Teezer, a company rejected by the stars of Dragons’ Den 17 years ago, has been sold to Bic, the French stationery business, for €200million.
Founded in 2007, Tangle Teezer specialises in hair detangling brushes and has grown significantly in recent years, with the company reporting revenues of £53.5million in 2023.
The hairbrush was rejected by a panel of investors including Peter Jones and Deborah Meaden in the BBC show. However, the television appearance boosted sales for the fledgling online business.
Read the full story here.