Here are the business stories making the headlines across Scotland and the UK this morning.
UAE buys McLaren after carmaker suffers record loss
British supercar maker McLaren has been sold to an Abu Dhabi sovereign wealth fund, in a deal presided over by the Emirate’s crown prince.
The Woking-based company has until now been owned by state-owned Bahraini investment outfit Mumtalakat.
But the firm has now sealed an agreement to sell McLaren’s automotive business to CYVN Holdings, which is managed by the trillion-dollar Abu Dhabi Investment Authority.
Read the full story here.
Christmas train travel could be hit by staff shortages
The government is concerned that Christmas train services could be disrupted by staff shortages, the rail minister has said.
Lord Hendy said that the transport department was going to "keep a close watch on staffing" throughout the holidays.
Disruptions may also be exacerbated by fresh industrial action, with Avanti West Coast train managers voting to strike for three days over the festive period.
Read the full story here.
'Dozens' being investigated over Post Office scandal
Police investigating crimes linked to the Post Office Horizon IT scandal are looking at "dozens" of potential suspects, but don't expect trials to begin until 2027.
Police are investigating possible crimes by Post Office and Fujitsu employees and external lawyers, following the wrongful prosecution of hundreds of subpostmasters after faulty Horizon software said money was missing from their Post Office branch accounts.
Three suspects have already been interviewed under caution and there are plans to interview others next year, according to police.
Elon Musk’s SpaceX hits $350bn stock market valuation
Elon Musk’s SpaceX has cemented its position as the world’s most valuable start-up in a new employee share deal which placed a valuation of up to $350billion on the rocket and satellite maker.
The accolade is the latest boost to the fortunes of the world’s richest man after Donald Trump won the US presidential election in November. SpaceX overtook ByteDance, the parent company of social media platform TikTok.
Musk’s close relationship with the president-elect has reignited investor interest in his business empire, which analysts have termed the “Trump bump”.
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