Here are the stories making the business headlines locally and across the country this morning.
Esslemont and McIntosh buildings sell for bargain basement price at auction
A legendary Aberdeen department store that once sold for millions has been snapped up for a bargain price as it went under the hammer.
The opening bid for the former Esslemont and Macintosh store was just £209,000.
By 1pm this crept up to £217,000, with all interest coming from Glasgow.
The auction drew to a close around 3pm, with nobody topping that tally.
Moneysupermarket to change its name to MONY
What is the meaning behind MONY? For Tommy James and the Shondells it was just the sign atop the Mutual of New York building. For Billy Idol it was, apparently, a woman.
For stock market investors it will soon be the name of Moneysupermarket Group, the price comparison website group, which has announced that from later this month it will call itself MONY Group.
Moneysupermarket.com believes that its present name “no longer represents the extent of the business today”.
It says the new name reflects its expansion beyond the original price comparison website to encompass its other sites including MoneySavingsExpert, which advises consumers, Quidco, the cashback provider, and third-party businesses.
False evidence by Post Office’s expert contradicted his own report
A senior Fujitsu engineer made a false statement to court about the flawed Post Office IT system, contradicting a report he had written days earlier.
The BBC has obtained Gareth Jenkins' 2010 statement, which helped wrongly jail pregnant postmistress Seema Misra.
It said there were "no cases" where branch accounts could be altered without postmasters' knowledge.
But he had just produced a Post Office report which proposed remotely altering data in branches to fix a bug.
Apple mounts biggest ever share buyback as iPhone sales fall 10%
Apple announced its largest ever repurchase of shares on Thursday night as it reported second-quarter earnings that just beat expectations but showed iPhone sales falling by 10%.
Apple, which was founded in 1976 by the late Steve Jobs and Steve Wozniak in Los Altos, California, and makes hardware including phones, computers, smartwatches and headphones, said revenue in the three months to the end of March was $90.75bn against estimates of $90.01bn.
The company will spend $110bn in share repurchases, a 22% increase over last year’s $90bn.
However, iPhone revenue was $45.96bn, a shade under forecasts of $46bn, while revenue from iPads was $5.6bn compared with expectations of $5.91bn.