Here are the business stories making the headlines across Scotland and the UK this morning.
Just Eat and Prosus agree €4.1bn takeover
One of the world’s biggest technology investors has set its sights on creating a “European tech champion” as it agreed a €4.1billion takeover of Just Eat Takeaway.
Prosus, which is majority-owned by South Africa’s Naspers, will pay €20.30 a share in cash for the food delivery group, a 63% premium to its closing share price on Friday.
The investor said that the deal would complement its existing food delivery footprint outside Europe. It believes it is “well positioned to invest in and accelerate growth” at Just Eat “to unlock value beyond its standalone potential as a listed business”.
Major Asia bank to cut 4,000 roles as AI replaces humans
Singapore's biggest bank says it expects to cut 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans.
"The reduction in workforce will come from natural attrition as temporary and contract roles roll off over the next few years," a DBS spokesperson told the BBC.
Permanent staff are not expected to be affected by the cuts. The bank's outgoing chief executive Piyush Gupta also said it expects to create around 1,000 new AI-related jobs.
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Historic visual effects studio Technicolor collapses in UK
Technicolor, the visual effects (VFX) group which has worked on films ranging from Disney's 1940 classic Pinocchio to 2024 blockbuster Mufasa The Lion King, has collapsed into administration in the UK.
The group owned several leading visual effects studios including MPC, Mikros Animation and The Mill, with operations in the US, UK, Canada and India.
Technicolor's directors had been looking to sell the business, but were not able to find a buyer.
Starbucks cuts English breakfast latte in menu shake-up
Starbucks is cutting 1,100 jobs and simplifying its menu in the US as it tries to improve flagging business in its home market.
The first items to get the axe include the Royal English Breakfast Latte, White Hot Chocolate and several kinds of blended frappuccinos.
But Starbucks said more offerings would be cut, as it aims to shrink its menu by nearly a third over the next year, hoping to reduce wait times and improve quality and consistency.
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