Here are the business stories making the headlines across Scotland and the UK this morning.
St James’s Place axes 500 jobs as it scrambles to recover from fee scandal
St James’s Place is planning to axe 500 jobs as it struggles to rebuild its reputation following a fees scandal.
Britain’s largest wealth manager will make hundreds of staff redundant in the coming months under a restructuring plan drawn up by Mark Fitzpatrick, the new chief executive.
The redundancies, first reported by industry publication Citywire, represent about 15% of the company’s 3,200-strong workforce. The group’s 4,800 advisers will not be affected.
£8.6m upgrades package to reverse years of decline at troubled Harlaw Academy
Education chiefs are to put into action a multi-million-pound package of upgrades they hope will reverse years of decline at Aberdeen’s troubled Harlaw Academy.
Council officials revealed £8.6million plans for a three-storey extension – which will include a new dining area and a rooftop pitch – earlier this year.
These were voted through in May, with the current facilities at the academy branded “outdated” and “not suitable to accommodate the growing student population”.
Read the full story in the P&J.
NHS Grampian was warned of 'intolerable risk'
Senior NHS Grampian clinicians formally raised concerns with management about an “intolerable” level of risk three months before a critical incident was declared, BBC Scotland News can reveal.
NHS Grampian declared the critical incident last week that saw some ambulance patients diverted to hospitals outside its area due to demand at Aberdeen Royal Infirmary (ARI). It was later stood down.
A letter from members of the Medicine and Unscheduled Care (MUSC) leadership team back in August warned that not enough was being done to meet the expected increase in demand over winter.
Click here to read the full story.
Typhoo Tea to be rescued by vape maker for £10m
Typhoo Tea has been rescued by vape maker Supreme in a £10m deal which it said would keep the brand "in British hands".
The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose.
Manchester-based Supreme makes the e-cigarette brand 88Vape and distributes nicotine and home products to supermarkets.
Jaguar's new electric concept car divides opinion
Luxury car maker Jaguar has unveiled its new electric concept car, less than a fortnight after the release of a teaser video that stirred online controversy.
The unveiling of the Type 00 car triggered mixed responses from social media users, with some cheering its design, while others mocked the launch.
Last month, many critics pointed out that the promotional video teasing the new model did not feature an actual car - but the firm was also praised by some for its bold new approach.