Here are the business stories making the headlines across Scotland and the UK this morning.
New Lovisa store opens in Aberdeen's Trinity Centre
Lovisa welcomed its first customers yesterday as its new store opened in Aberdeen’s Trinity Centre.
The retailer, known for its fashionable jewellery and accessories, is located between Primark and The Works.
Lovisa has stores in the Central Belt and Dundee, but this is the first time the brand has had a presence in the Granite City. The Australian brand has assembled a 15-strong team for Aberdeen.
Read the full story in the P&J.
WH Smith’s high street shops have ‘nice future’ under new owner
The chief executive of WH Smith has insisted there is still a future for its struggling high street business under private equity ownership even as sales and profits continue to decline.
Carl Cowling said the high street shops that have recently added Toys “R” Us shop-in-shops and Post Office counters were performing “really well” and “can provide a nice future for Modella Capital”, its new owner, if it chooses to roll out more.
Out of its 500 high street shops, which are to be rebranded as TG Jones, 200 have Post Offices and 75 have Toys “R” Us concessions. They offer “another reason to come into our shops,” Cowling said.
Google faces £5bn UK lawsuit for abusing dominance in online search
Alphabet's Google is being sued in Britain for potential damages of up to £5billion ($6.6billion) in a class action alleging the company abused its dominant market position in the online search industry.
The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
It said the U.S. tech giant contracted phone makers to pre-install Google Search and the Chrome browser on Android devices and paid Apple to make it the default search engine on iPhones, with the intention of shutting out competition.
Baby boomers urged to keep working as 70 declared ‘the new 50’
Baby boomers are being urged to work later in life after the International Monetary Fund (IMF) declared that “70s are the new 50s”.
The world’s lender-of-last-resort has said that older people today are far sharper and stronger than they were 25 years ago, meaning they should stay in employment for longer.
It released its findings after data from 41 countries revealed remarkable leaps in healthy life spans.
Read more in The Telegraph.