Here are the business stories making the headlines across Scotland and the UK this morning.

Megastar Britney Spears posts cryptic Aberdeenshire message

Pop superstar Britney Spears showed her love for Aberdeenshire with a post featuring the iconic Craigievar Castle.

The Baby One More Time singer, known worldwide for her pop star prowess, took to Instagram to address her 42m followers.

The post featured a striking image of the famous Craigievar Castle, known for its pink facade, captured by Aaron Artem.

Read the full story in the P&J.

Banks to put four-day hold on suspicious payments

Banks will have the power to pause payments for up to four days to give them more time to investigate fraud, the government has said.

Currently, transfers must be processed or declined by the end of the next business day, but the new law will allow an extension of three more days.

The long-proposed new regulations will come into force at the end of October - later than originally planned.

Click here to read the full story.

Councillors reject Catholic school working group

Aberdeen councillors have rejected a bid to create a new working group to look into creating a Roman Catholic secondary school in the city.

A meeting heard that Aberdeen is unusual for cities of its size in having just three dedicated Catholic primaries and no secondary.

Dundee, Edinburgh, Perth, Stirling and Glasgow all have Catholic high schools.

The council voted 24 to 18 against creating the working group.

Tesco credits value drive for hike to annual profit expectations

Tesco says a focus on value amid the continuing squeeze on shoppers' budgets has paid off through a rise in half-year profits.

The UK's biggest retailer
raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August.

It also credited higher demand for its Finest premium ranges, which were almost 15% up on the same period a year ago.

Total sales excluding fuel were 4% up at £31.5bn though its UK like-for-like sales growth slowed in the second quarter.

OpenAI value surges to $157bn in funding deal

OpenAI, the maker of ChatGPT, has raised $6.6bn in its latest funding round, as investors including its early backer Microsoft continue to bet big on artificial intelligence (AI).

The business is now valued on par with Uber.

The deal gave the tech company a value of $157bn (£118bn) - similar to investment bank Goldman Sachs and more than most of America's biggest companies - making it one of the most valuable start-ups in the world.

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