Here are the top business stories making the headlines in the morning newspapers.
Change on way in Aberdeenshire
Aberdeenshire residents are “going to see change” after £67million is slashed from public spending, the council leader has admitted.
Conservative Mark Findlater warned some rural bus services could be axed, while schools could be pushed to find ways of saving hundreds of thousands of pounds collectively.
Even then, financial chiefs stress the way forward they have plotted “comes with a high level of risk”.
The Press & Journal says bosses hope to save around 25% of their eye-watering target by waiting out for a fall in inflation through the year.
If prices don’t drop, there could be a need to cut even more before next March’s budget as “other pressures are identified or risks crystalise”.
Aberdeenshire Council meets tomorrow to agree its budget on Thursday.
North-east care homes sold
New buyers have been found for three north-east care homes saving 165 jobs.
It comes after Aboyne-headquartered owners Craigard Care was placed into administration due to “very high operating and agency costs leading to unsustainable cash flow problems”.
Administrator FRP Advisory has now agreed to sell Weston View Care Home in Keith and Wakefield House Care Home in Cullen to Parklands Care, which operates a further 10 care homes across Moray and the Highlands.
Riverside House in Aberdeen will be sold to Renaissance Care, which operates a further four care homes in the city.
All 165 members of staff are also expected to transfer to the new owners, says the Press & Journal.
Tidewater buying vessels
Tidewater has announced a deal to buy 37 oil and gas support vessels from Solstad Offshore for $577million (£487million).
The platform-support vessels “principally” work in the North Sea, but also Brazil, Australia and West Africa.
Energy Voice says it’s unclear what impact this will have on Solstad Offshore’s operations based out of Aberdeen.
Both firms have offices at The Exchange at Aberdeen Harbour.
Expansion plans by Greggs
Greggs plans to open around 150 new outlets in 2023 as part of major plans to expand.
The firm, which opened its first shop in Newcastle in 1951, also plans to extend the opening hours of some outlets and test 24-hour drive-throughs.
The BBC says it comes after the chain posted bumper profits for 2022, despite cost of living pressures hitting consumers.
Under the new plans Greggs, which currently has around 2,300 shops, aims to open more branches in airports, train stations, supermarkets and shopping centres.
It also said it hoped to grow its total number to over 3,000 in the coming years.
Profits down at Dyson
Dyson profits dipped last year. despite demand for its high-end hair dryers and vacuum cleaners driving up sales to a new record.
Sir James Dyson’s engineering group grew revenues to £6.5billion in 2022, up from £6billion in the previous year. The total was boosted by a higher proportion of direct sales via the Dyson website, with no cut of revenues for third-party retailers.
The Telegraph says it came as ebitda - a measure of operating profits - fell to £1.3billion from £1.5billion.
Risk of mortgage arrears
Mortgaged homeowners in the UK are more at risk of falling into arrears than in any other major developed country, a leading credit ratings agency has warned.
The share of homeowners missing more than three months of mortgage payments will double in 2023 to 1.5% as high rates hit borrowers, according to Fitch Ratings.
The Telegraph says that, based on the current number of residential mortgages in the UK, this means 135,000 households will be in arrears.
Banks in the UK are more exposed to the housing market than in any of the 10 developed markets ranked by Fitch – which included Canada, the US, Germany, Australia and Italy.
Monsur Hussain at Fitch, said: “The UK scores the worst in terms of borrower risks.”
RMT strike off
The RMT union has called off planned strike action at Network Rail on March 16, after receiving a new pay offer.
The surprise development will raise hopes of a breakthrough in the long-running dispute between rail workers and the rail industry, which had appeared deadlocked.
The BBC says RMT members at Network Rail will have a referendum on the updated offer.
Hope for Morton’s Rolls
Ministers are to meet investors interested in saving Glasgow bakery Morton's Rolls, an MSP has claimed.
Last week, Morton's informed its 250-strong workforce that it was ceasing trading with immediate effect.
Labour MSP Paul Sweeney has held "positive" talks with investors who were prepared to buy the firm.
He later held discussions on possible support for the firm with SNP MSP Bill Kidd and Business Minister Ivan McKee.
In a statement issued after his meeting with the business minister, Mr Sweeney said: "They have agreed to meet with the investors aiming to save Morton's and protect the jobs at the factory.
"It is now for the government to ensure that a deal is done and that this famous Glasgow brand can survive for decades to come."
The BBC reports that a source familiar with the talks said Morton's was "a viable business and would do very well, given the right support".