Here are the top business stories making the headlines in the morning newspapers.
First Minister says rail safety must be improved
Rail safety must be improved in Scotland after a report found faulty drainage caused the tragic Stonehaven train derailment, Nicola Sturgeon has said.
The First Minister said recommendations from the rail accident investigation branch into the horrific August 2020 crash should be implemented in full, according to the Press and Journal.
The probe found that a drain at the site of the tragedy was not built properly and couldn't handle heavy rain.
Contract awarded for work on Bardolino field
Fraser Well Management (FWM) and Fraser Integrity Management (FIM) have bagged a deal for work on a North Sea field, according to Energy Voice.
Bridge Petroleum has contracted the two companies to carry out well and pipeline operator services for its Bardolino field.
The new contract adds to FWM's expanding well operator portfolio and is FIM's debut pipeline operatorship appointment.
Bardolino is located about 100 miles east of Aberdeen. Bridge Petroleum recently increased its interest in the field and assumed licence operatorship for oil giant Shell.
Fraser has offices in both Aberdeen and Great Yarmouth, as well as Rotterdam in the Netherlands.
The Bardolino contract is said to ensures a steady basis of work for the business, driving growth and the creation of new jobs in Aberdeen.
Kremlin plans for foreign firms exiting Russia
The Kremlin has drawn up plans to seize and even nationalise foreign companies that withdraw from the country in protest against its invasion of Ukraine.
The Telegraph says Russia's economy ministry has outlined new policies to take temporary control of departing companies where foreign ownership is more than 25%.
It's the first explicit response to a growing exodus of businesses from Russia, ranging from oil giants BP and Shell to Ikea and McDonald's.
Under the planned laws, a Moscow court would consider requests from board members to bring in external managers and could then freeze shares of foreign-owned companies.
Owners would be given five days to resume activity or resort to other options such as selling their stake.
'Frustrating' year for Fisher Offshore
Aberdeenshire firm Fisher Offshore has been through a "frustrating" year, says its Cumbrian owner.
Shares in James Fisher & Sons (JFS) plummeted nearly 26% to 370.5p after it also reported a sharp drop in profits.
The Press and Journal reports that the share price slump wiped nearly £65million off the group's market value.
JFS said Fisher Offshore, which provides decommissioning services to the oil and gas industry, suffered from projects being delayed at short notice during the second half of last year.
The Oldmeldrum subsidiary's 2021 profits were also hit by the financial distress of one of its clients, the parent revealed.
But demand for decommissioning services continued to grow, generating a 13% increase in revenue to £8million at the subsidiary last year, Barrow-based JFS said.