Here are the business stories making the headlines locally and across the country this morning.
Titanic shipyard to go into administration
Shipbuilding company Harland and Wolff has confirmed the business is to be placed into administration for the second time in five years.
Insolvency practitioners Teneo are being lined up to act as administrators and some "non-core" staff are being made redundant.
However, the company’s board said there was a "credible pathway" for its four shipyards to continue trading under new ownership.
Its main yard is in Belfast, best known for building the Titanic, with other operations at Appledore in England and Methil and Arnish in Scotland.
Stewart Milne administrators charge more than £6m for six months’ work
Administrators winding up Aberdeen housebuilder Stewart Milne Group Limited and its subsidiaries have charged more than £6 million in just six months.
Teneo Financial Advisory was appointed as administrators for Stewart Milne Group (SMG) and five subsidiaries in January.
A report coving the first six months of the administration shows Teneo has charged for thousands of hours of work at an average rate of more than £900 an hour.
The total bill of £6,173,209 means administrators have been charging more than £1m a month. So far, Teneo has not taken any payments.
New Union Street barber school looks to be cut above with £4,999 course
A school to develop fully qualified barbers in just 15 weeks is to open on Union Street in Aberdeen.
The Sovereign Academy reduces the traditional barbering apprenticeship by more than 70% through its intensive full-time course with formal qualifications.
The school will take its first intake of students next month.
Students will initially train at Sovereign Grooming’s existing Union Street salon.
UK's most famous shopping street could be pedestrianised under London mayor's traffic ban plans
Traffic could soon be banned from part of London's most popular shopping area, under new plans by the capital's mayor.
A scheme announced by Sadiq Khan could see a 0.7-mile stretch of Oxford Street - between Oxford Circus and Marble Arch - pedestrianised with the aim of boosting the experience of shoppers, residents, workers and tourists.
The proposal is part of the Labour mayor's wider regeneration project with the potential for further changes towards Tottenham Court Road.
The potential ban would build on current restrictions which limits vehicle access - apart from buses and taxis - to parts of Oxford Street from 7am to 7pm, except on Sundays.