Here are the business stories making the headlines across Scotland and the UK this morning.
Fast Lane Raceway opens in Bridge of Don
A new raceway has opened to the public in Bridge of Don in the former Kartstart Indoor Raceways, which closed six years ago.
The track is run by 31-year-old Reis Robertson, along with business partners and friends Bruce Porter, 42, and Allan Smith, 39.
Mr Robertson, who worked at the former track, said a venue like Fast Lane was sorely missed in the area and that there is “nothing like this in the North-east”.
Read the full story in the P&J.
Mason expelled from SNP over 'unacceptable' Gaza posts
An SNP MSP who was suspended from the Holyrood group over comments about the Israel- Gaza war has been expelled from the party.
John Mason had the whip removed in August after posting on X that there was "no genocide" in Gaza.
He later told the BBC's Good Morning Scotland that the situation was "nothing like" previous examples of genocide.
Hiring falls to lowest level since Covid amid fears of Reeves tax raid
Businesses have cut back on hiring to the lowest level since the pandemic as bosses fear the prospect of tax raids by Rachel Reeves in the Budget later this month.
The share of companies trying to recruit new workers has dropped to 56pc, according to the British Chambers of Commerce, down from 59pc the previous quarter and the smallest share since the second quarter of 2021, when the country was still in the grip of Covid restrictions.
It comes amid fears of tax raids on capital gains and on employers’ national insurance by the Chancellor, as well as proposals to boost workers’ rights.
Read the full story here.
Mulberry’s owner rejects increased £111m bid from Mike Ashley’s Frasers Group
The owner of the Mulberry fashion brand has rejected an increased £111m bid from Mike Ashley’s Frasers Group to buy the British luxury handbag maker, saying it has “no interest” in selling its shares.
Challice, a group controlled by Singaporean entrepreneur Christina Ong and her husband, Ong Beng Seng, which owns 56% of Mulberry called on Frasers to ditch plans to take over, saying it came at an “inopportune time” for the struggling brand.
The statement came after Frasers Group, which already owns 37% of Mulberry, increased its offer for the rest of the group to 150p a share late on Friday after an earlier £83m bid – worth 130p a share – was rejected by the company earlier this month.
Click here to read the full story.