Here are the business stories making the headlines across Scotland and the UK this morning.
Aberdeen house prices fall in ‘disappointing’ sales figures
The price of detached homes in Aberdeen fell by almost £5,000 in three months, despite an increase in property sales.
New figures from Aberdeen Solicitors Property Centre (ASPC) show property prices in the city were down 1.6% in the third quarter of 2024, compared to the previous three months.
The North-east housing market has seen a mixed period with prices decreasing but sales rising.
Read the full story in the P&J.
BrewDog founder says Labour budget a ‘bitter pill’ for entrepreneurs
BrewDog co-founder James Watt has described the budget as a “bitter pill” which will make growth hard to achieve.
He took to LinkedIn to share his views after Labour introduced tax hikes worth £40billion in what’s been hailed a tough budget for business.
Millionaire Watt, who announced his engagement to former Made in Chelsea star Georgia Toffolo last week, urged businesses to roll up their sleeves.
British singer influences word of the year
Brat - popularised by singer Charli XCX - has been named Collins word of the year.
It's the title of the UK singer's sixth album and the dictionary company says it inspired a lifestyle "characterised by a confident, independent, and hedonistic attitude".
Being called brat in this sense is likely to be a compliment.
GB News fined £100,000 by Ofcom
GB News has been fined £100,000 for breaking impartiality rules over a programme featuring Rishi Sunak, Ofcom has said.
It comes after the media watchdog announced in May that the show called People's Forum: The Prime Minister had breached broadcasting guidelines.
The programme featured then prime minister Mr Sunak answering questions from a studio audience and a presenter.
Amazon plans to tackle Temu and Shein
Amazon is pushing to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein who offer rock bottom prices on goods they ship from China.
People are shopping more frequently at Amazon, adding more low-priced items with each checkout, Amazon said on Thursday, after it reported third-quarter revenue and profit that beat Wall Street expectations.
The e-commerce giant has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets.
Read the full story here.