Here are the business stories making the headlines across Scotland and the UK this morning.

Aberdeen named cheapest city for single homebuyers in Great Britain

Aberdeen in Scotland is the most affordable city for single people to buy a home in Great Britain, analysis of national property data shows, with the average one- or two-bedroom home valued at just under £120,000.

Monthly mortgage payments in the city came in at £510 a month – about 16% of the area’s average monthly salary – for such a property valued at £119,350, according to research from the property website Zoopla.

The average UK property price rose by 0.7% in January to a new record of £299,138 after dropping 0.2% in December, according to Halifax, one of the country’s biggest mortgage lenders.

Britain at risk of £24billion Trump tariff raid over VAT

Britain is at risk of a £24billion blow to the economy should Donald Trump forge ahead with “reciprocal tariffs”, analysts have warned.

The UK is facing the prospect of 21% tariffs on goods exports to the US if the president imposes duties on Britain based on VAT charges, Deutsche Bank has warned.

Tariffs of this scale would knock 0.4 percentage points off UK GDP growth for the next two years, according to Ahmet Kaya, of the National Institute of Economic and Social Research (Niesr), accounting for $30billion (£24billion).

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New images show how revamped Jenners store will look

As a three year project begins to revamp one of the world's oldest department stores, images of how it will look inside have been released.

Jenners has been an Edinburgh landmark since it opened in 1838 and has often been dubbed the Harrods of the north.

Danish billionaire Anders Holch Povlsen, who owns the building, has vowed to return the Victorian department store to its former glory.

Coca-Cola says it may use more plastic due to Trump tariffs

Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump's tariffs end up making aluminium cans more expensive, the company's chief executive, James Quincey, said in a call with investors.

It comes after Trump ordered a 25% import tax on all steel and aluminium entering the US, which could end up driving up the price of canned food and drink items in the country.

In December, the beverage giant scaled down its sustainability target of using 50% recycled materials in its packaging by 2030, to using 35% to 40% by 2035.

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Heathrow to expand two terminals ahead of third runway

Heathrow Airport is set to confirm a multi-billion pound investment plan to expand two of its terminals ahead of submitting proposals for a third runway to the government this summer.

On Wednesday, chief executive Thomas Woldbye will unveil funding to increase capacity at terminals two and five, reconfigure the airfield and improve bus connections.

The plans, which will be paid for with private cash, come after Chancellor Rachel Reeves backed a third runway at the UK's largest airport last month as part of efforts to grow the UK economy.

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