Here are the business stories making the headlines across Scotland and the UK this morning.
After queues and 800,000 sales, Moray Cup is to be paused
There were queues to grab some of the North-east’s distinctive red brew and as many as 800,000 bottles sold.
But Moray Cup is to be put on pause once again despite a limited return that saw it flying off the shelves, but it will be back.
In August, the fizzy soft drink was brought back to life after a seven-year hiatus by Macduff-based wholesaler Deveron Direct.
Read more in the P&J.
Apple gambles on new iPhone with AI features at lower cost
Apple has announced a new iPhone which brings artificial intelligence (AI) features at a lower cost than its flagship handsets.
The iPhone 16e has the same processor as the larger iPhone 16, Apple said, with similar storage options, though a lower spec elsewhere, including fewer cameras.
Apple has been struggling to find a new product that excites consumers since sales of iPhones dropped at the end of last year.
Airline cancels summer of flights on Aberdeen route due to shortage of planes
The summer route linking Aberdeen with Riga has been shelved after an airline suffered a shortage of planes.
airBaltic has been running summer flights between the Granite City and the Latvian capital on and off since 2014 – but they won’t run this year.
The airline had started selling tickets for its summer routes, but was then hit with news that its engine partner can’t return several engines it was maintaining.
Click here to read more.
HSBC to cut 8% from workforce costs in $1.5bn savings drive
The boss of HSBC has set out plans to save $1.5billion through thousands of job cuts and signalled the brunt of the losses at the Asia-focused bank would be felt in the UK.
Georges Elhedery, who took charge of the London-based FTSE 100 lender in September, revealed that he planned to shrink the group’s staffing costs by about 8% in a two-year revamp that will result in severance costs and other charges of $1.8billion.
While he said the reduction to HSBC’s 211,000-strong workforce would be less than 8%, his plan still implies job losses running into the thousands, on top of the roles he has already cut.