Here are the business stories making the headlines locally and across the country this morning.
House prices fall as lenders raise mortgage rates
House prices fell in April as potential buyers continued to face pressure on affordability, according to the Nationwide.
The UK's biggest building society said that UK house prices were down by 0.4% compared with the previous month.
It said the average home cost £261,962, some 4% below the peak in the summer of 2022.
The rising cost of borrowing was key to the latest fall in prices, it said.
Telegraph put up for sale after ownership battle with government
An Abu Dhabi-backed fund has conceded defeat in its bid to buy The Daily Telegraph after its ownership was effectively blocked by the government.
RedBird IMI announced it had placed The Telegraph and The Spectator titles up for sale, declaring that its ownership was "no longer feasible".
The move was confirmed after ministers revealed plans last month to outlaw foreign state ownership of UK newspapers.
The gulf state-backed fund, backed by the UAE's deputy prime minister and ultimate owner of Manchester City Football Club, Sheikh Mansour bin Zayed al Nahyan, had reached a deal with previous Telegraph owners the Barclay family in December last year to take control of the group.
Aberdeen Swim Academy gets the go-ahead for new £300,000 pool
A new £300,000 pool is to be built in Bridge of Don by Aberdeen Swim Academy.
Aberdeen City Council has approved plans for the facility to be built in an empty industrial unit in Scotstown Road.
The pool will be 15 metres by nine metres and have 20 changing rooms.
It is expected to create up to 12 new jobs.
Amazon Prime ads help tech giant drive profits
Adverts shown during Amazon Prime shows and films have helped the tech giant to beat forecasts for sales and profit.
Advertising revenue for the first three months of this year was 24% higher year-on-year, with the company making Amazon Prime adverts the default option for many customers over the period.
Cloud services and its fastest-ever Prime delivery times also boosted results.
Chief executive Andy Jassy said it was “a good start to the year”, although unions and employee groups say the push for delivery speed comes at the expense of staff.