Here are the business stories making the headlines across Scotland and the UK this morning.
Trump labels alleged Turnberry vandals 'terrorists'
Donald Trump has labelled people accused of vandalising the Trump Turnberry golf resort as "terrorists".
Grafitti was sprayed on the clubhouse in red paint and the course was dug up and daubed with the words "Gaza is not for sale"
The US president said those who caused damage at the Ayrshire resort should be "treated harshly" by authorities.
Click here to read more.
Hooters restaurant chain files for bankruptcy
Hooters of America has filed for bankruptcy in Texas, as it tries to deal with its debts by selling all of its company-owned restaurants to a group backed by its founders.
The firm currently directly owns and operates 151 restaurants, with another 154 operated by franchisees, mainly in the US.
The company said its restaurants, which serve classic American bar food, will stay open during the process and operate "in a business-as-usual manner".
BA owner’s shares fall as Virgin Atlantic warns of slowdown in US demand
Virgin Atlantic has warned of a slowdown in demand for transatlantic travel, prompting a further fall in the share price of rival British Airways’ owner, IAG.
Analysts have warned that economic uncertainty and growing tension between the US and Europe could start to harm their business.
Virgin Atlantic, Sir Richard Branson’s airline, said trading had been strong at the start of 2025, as it announced a return to profit for the first time since the Covid pandemic in its full year results for 2024.
Reeves’s minimum wage rise and tax raid ‘to cost 85,000 jobs’
Rachel Reeves’s raid on businesses will lead to the loss of 85,000 jobs, economists have warned, mostly affecting Britain’s lowest-paid workers.
The Resolution Foundation warned of potential redundancies ahead of the increase in employer National Insurance contributions (NICs) and the minimum wage, which the think tank claims will drive up the cost of employing a part-time low-paid worker by 14% – the biggest jump on record.
Given the scale of the increase, which is the equivalent of £1,363 a year, the Left-leaning think tank predicts that employers will have to fire staff, reduce hiring or trim hours to cope with higher costs.
Read more in The Telegraph.