Here are the business stories making the headlines in Scotland and the UK this morning.
Victory field plans
Shell is pressing ahead with its Victory find west of Shetland, targeting first gas in 2025.
Statements published by environmental operator OPRED confirm the move for the field, which Shell acquired at the end of last year.
Shell intends to carry out development drilling and subsea installation activities from Q2 2024, with first gas from 2025, subject to consents.
Energy Voice says OPRED has now launched a public consultation on the plans, which will be open until September 18.
Offshore Europe message
P&J Live in Aberdeen has issued a message to climate activists ahead of the upcoming Offshore Europe oil and gas show.
The Press & Journal says the Granite City's premier events venue has made clear it "respects people's right to protest".
But it also said it does not condone "disruptive action" that can alarm or inconvenience the public.
Meanwhile, Police Scotland confirmed it has a plan in place to aid the "delivery of a safe and secure" conference and exhibition.
It is now just days to go until the OE event begins its run from September 5-8.
Holyrood urged to rein in spending
SNP ministers must rein in spending rather than hitting Scots with more tax rises to plug a £1billion financial black hole in their budget, retailers have said.
The Scottish Retail Consortium (SRC) said Humza Yousaf's government should adopt a "more frugal approach" with a "candid review of spending" and "think differently about how and which services they deliver".
The Telegraph says that, in a submission to Holyrood's finance committee, the trade body also called for ministers to cut the cost of government through measures such as selling off buildings, compulsory redundancies and reducing the number of quangos.
The SRC warned that relying on "untrammelled" tax rises to make good the shortfall risked further hitting household disposable incomes amid the cost-of-living crisis, leading to a drop in consumer spending.
Covid cases upswing
Scotland's national clinical director is concerned about winter amid a summer upswing in Covid cases.
Prof Jason Leitch also urged eligible people to get vaccinated when the programme starts next month.
He told the BBC yesterday that 200 people were admitted to hospital with the virus last week.
Ship-fall crewman dies
A man has died after falling from a cruise ship at a port in the Highlands.
The Viking Mars crew member, understood to be in his 40s, was airlifted to Aberdeen Royal Infirmary after the incident at the Port of Cromarty Firth in Invergordon.
The BBC says the alarm was raised on Friday morning and two ambulances, a helicopter and trauma team were sent to the scene.
But, on Sunday, Viking Mars confirmed the crew member, who has not been named, had died from his injuries.
Trump not bothering with debates
Donald Trump has confirmed that he will not take part in Republican presidential debates with his rivals in the race for the White House.
The ex-president said one latest poll showed he had "legendary" numbers ahead of other hopefuls to be the party's nominee for the 2024 election.
"The public knows who I am & what a successful Presidency I had," Mr Trump wrote in a post on social media.
The BBC says the first Republican presidential primary debate will be on August 23.
England women lose in final
England's wait to win a Women's World Cup title goes on after Spain triumphed 1-0 in the final in Sydney yesterday.
The Lionesses, looking to become the first England senior side since the men's team in 1966 to win a World Cup, suffered heartbreak after being outplayed.
The BBC says Spain captain Olga Carmona slotted the winner past goalkeeper Mary Earps in the first half.
Qatari billionaire could sell London homes
A Qatari sheikh, whose son is fronting a bid for Manchester United, is considering selling his two luxury homes in London with a combined asking price of about £370million.
Sheikh Hamad bin Jassim bin Jaber Al Thani is mulling the sale of a penthouse at One Hyde Park for around £220million and a nearby property on Belgrave Square for about £150millon.
The billionaire, who has earned the nickname "the man who bought London", is the former head of the Qatar Investment Authority (QIA).
The Telegraph also says he is an ex-prime minister of the emirate.
Malik bid for Aberdeen South seat
The leader of Aberdeen City Council's Labour group is standing as the party's pick for Aberdeen South at the next general election.
Councillor Tauqeer Malik will contest the seat currently held by SNP Westminster leader Stephen Flynn, who plans to stand again.
Mr Malik claims it is a "straight head-to-head" between the pair despite Labour's poor showing at the last general election in 2019.
The Press & Journal says the party trailed in fourth place, behind the Tories and Lib Dems, but did hold the seat between 1997 and 2015.
Party members selected Mr Malik following a hustings in the city.
They also chose to back Lynn Thomson, a fellow Labour councillor, as the candidate for Aberdeen North.
Allegations of fake Champagne
A well-known wine producer has been accused of adding carbon dioxide to cheap Spanish white in order to sell 1.8illion bottles of fake Champagne.
The Champagne region - the only one in the world to be able to use the "Champagne" label - is in a fizz over the allegations levelled against producer and merchant Didier Chopin by a former employee who said she was fired for speaking out.
Fraud officers were called after major French supermarket Edouard Leclerc removed all of the company's Champagne from its shelves.
The Telegraph says customers had complained that the product was "undrinkable" and tasted like it had been "opened and forgotten in the bottom of the fridge for eight days".
Nest targeting high-growth companies for investments
Britain's largest pension scheme will start investing billions of pounds in private companies in a boost to Jeremy Hunt's plans to deliver higher returns for savers.
The National Employment Savings Trust (Nest), which looks after the retirement funds of a third of the British workforce, said it will invest up to a fifth of pension pots into high growth companies over the next decade.
Writing in the Telegraph, Mark Fawcett, Nest's chief investment officer, said the move will offer most of its 12million members the chance to enjoy "significantly higher" returns, with the risk spread over several decades.
He said: "We plan to step up our investment into private markets over the coming years, including more money into unlisted equities.
"Our view is simple - we don't want Nest members missing out on an asset class which is so highly sought after."
Mr Fawcett said Nest, the UK's largest workplace pension scheme by members, would invest up to a fifth of younger members' pension pots in private companies, which typically carry greater investment risk but can generate higher returns than publicly-listed equities.
The policy is said to be a significant vote of confidence in the Chancellor's ambition to ramp up risk-taking by pension funds to boost future retirement incomes.