Here are the business stories making the headlines locally and across the country this morning.
STV Group reports strong revenue and profit growth
STV Group has reported a 20% uplift in revenue and 33% in adjusted profit, remaining the most-watched peaktime TV channel in Scotland.
CEO Simon Pitts praised the success of Euro 2024, with the Germany vs Scotland game peaking at 1.38 million viewers in Scotland.
The results come just days after the firm announced former ITV executive Rufus Radcliffe as CEO, effective from November 1.
Read STV's full results here.
Higher earners to benefit if SNP reconsiders Scottish tax rates 2024-25
Middle and higher-income Scots may see a reduction in their income tax burden after official forecasters suggested a change to the SNP’s finance strategy.
The Scottish Fiscal Commission (SFC), Scotland’s official economic forecaster which also aids the Holyrood budget process, recently released guidance suggesting tax bands might increase in line with inflation.
Previously, the SFC had anticipated freezing the higher, advanced, and top rate thresholds.
Business leaders are optimistic that these changes could help attract and retain skilled workers, who might pay less if they live in England.
Hewlett Packard to pursue Mike Lynch's estate in £3bn damages claim
American tech giant Hewlett Packard has said it is to continue with legal proceedings "through to their conclusion" to seek up to £3bn in damages from late British billionaire Mike Lynch's estate in the UK.
The company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mr Lynch to inflate the company's value.
The firm won a UK High Court civil claim against Mr Lynch in 2022, accusing him and his former finance director, Sushovan Hussain, of fraud over its $11bn (£8.37bn) takeover of his software company in 2011.
Mr Lynch, 59, who had denied any wrongdoings, and his 18-year-old daughter, Hannah, were among seven people who died after his luxury superyacht Bayesian sank off the coast of Sicily last month.
Top Brazil court upholds ban of Musk's X
Brazil's Supreme Court has upheld a ban on social media platform X, formerly known as Twitter.
The judges voted unanimously in favour of the measure, meaning the ban will stay in place.
X has been suspended in Brazil since the early hours of Saturday after it failed to appoint a new legal representative in the country before a court-imposed deadline.
It is the latest development in a feud between Supreme Court Justice Alexandre de Moraes and X's owner Elon Musk which began in April, when the judge ordered the suspension of dozens of accounts for allegedly spreading disinformation.