Here are the business stories making the headlines across Scotland and the UK this morning.

Danger to life warning as Storm Éowyn approaches

A rare red weather warning has been issued ahead of Storm Éowyn, with the Met Office forecasting winds of 100mph in some parts of Scotland.

It said there could be a risk to life due to flying debris, and also said the public should prepare for power cuts and damage to buildings.

The vast majority of Scotland's schools will be closed on Friday, and much of the public transport network has been closed down due to the red warning, which comes into force at 10:00. The public have been advised to stay at home where possible.

Sainsbury's to cut 3,000 jobs and shut cafés

Sainsbury's has announced it will cut 3,000 jobs as it shuts down its remaining cafés and closes its patisserie and pizza counters.

The supermarket says the move will "simplify the business", adding that most Sainsbury's shoppers "do not use the cafés regularly".

Sainsbury's also plans to make a 20% reduction in senior management roles, saying the business faces a "particularly challenging cost environment".

Barclays CEO’s maximum pay could rise by 45% to more than £14m

The Barclays chief executive, CS Venkatakrishnan, could have his maximum pay package rise by 45% to more than £14m, as part of a deal being considered by the bank’s board.

The high street lender is understood to have written to the bank’s largest shareholders regarding potential plans to overhaul its pay structures for Venkatakrishnan and its finance chief, Anna Cross.

The proposals, first reported by Sky News, involve a trade-off: cutting their fixed pay in exchange for being paid much higher bonuses.

Thousands of customers affected by outages across Three network in UK

Thousands of people in the UK have been left unable to make or receive phone calls due to outages across the Three network.

Downdetector, a website that tracks outages, showed more than 10,000 reports of issues across the mobile network on Thursday.

Customers using smaller mobile companies Smarty and iD Mobile have also been affected because their providers use Three’s network.

Frasers accuses Boohoo of undisclosed £2m payments to Umar Kamani

Mike Ashley’s Frasers Group has fired more accusations at Boohoo after losing out in another boardroom battle.

The Sports Direct owner, which holds a 28% stake in Boohoo and is majority owned by Ashley, has alleged that the fast-fashion retailer is making undisclosed payments to Umar Kamani, the son of its founder, Mahmud Kamani.

The claims come after 63% of Boohoo shareholders rejected a motion proposed by Frasers this week to oust Mahmud Kamani from the business in which it had cited “justified disappointment with and distrust of” his leadership.

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