Here are the business stories making the headlines across Scotland and the UK this morning.
Fraserburgh Harbour £300m upgrade plans take ‘significant’ step forward
Fraserburgh Harbour’s £300 million transformation has taken a “significant” step forward with the completion of its technical feasibility study.
The ambitious “masterplan” for the port is expected to deliver up to 1,121 full-time jobs and help grow the town’s economy.
It’s expected the project will add £366m over 50 years to the economy with £8.6m per year from 2045.
Read the full story in the P&J.
Global wind projects face investment shortfall, EIC CEO warns
Despite today's positive news from Green Volt and Scottish Power, only 5% of the $2trillion earmarked for global fixed offshore wind projects have reached final investment decision (FID).
Stuart Broadley, CEO of the Energy Industries Council (EIC) said this is the clearest sign yet that the current pace of renewable project deployment could potentially stall the progress towards net-zero targets.
Speaking at the Recharge and Upstream Energy Transition Forum, Broadley warned that current low FID rates in cleantech, including wind, hydrogen, and carbon capture, are behind what policy pledges demand, which will lead to lower installation rates than currently forecast.
Read the full story here.
TGI Fridays to pay workers after redundancy row
The restaurant group TGI Fridays has agreed to pay workers the money they are owed after being made redundant, despite initially refusing to do so.
More than 1,000 staff lost their jobs this week when 35 TGI Fridays branches were shut after a private equity led rescue failed.
Workers were told they had been made redundant via a video call from head office with one hour’s notice.
Others found out through social media platforms or turned up to work to find the restaurant padlocked, with their belongings still inside.
Click here to read the full story.
UK-linked firms suspected of busting Russia sanctions
The government is investigating 37 UK-linked businesses for potentially breaking Russian oil sanctions - but no fines have been handed out so far, the BBC can reveal.
Financial sanctions on Russia were introduced by the UK and other Western countries following the invasion of Ukraine in 2022.
However, critics have claimed they are ineffective after the latest figures showed the Russian economy was growing.
Monzo staff to sell shares as valuation soars again to £4.5bn
Hundreds of employees of the digital bank Monzo are being given the opportunity to sell part of their stakes in the company as its valuation soars to £4.5bn.
Sky News has learnt that Monzo notified staff on Thursday that it was launching a secondary share sale backed by a number of the world's leading technology investors.
Sources close to the deal said employees were likely to sell tens of millions of pounds-worth of stock as part of the deal, which is being launched less than three weeks before Rachel Reeves, the chancellor, is expected to increase the rate of capital gains tax in her inaugural budget.