Here are the top business stories making the headlines in the morning newspapers.
Jobs go at Portlethen
Ramco Tubular Services (RTS) has collapsed into administration, with all 29 workers at its headquarters in Portlethen made redundant.
The firm’s businesses in Senegal, the Middle East, China and Romania continue to operate.
The Press & Journal says it is thought attempts will be made to find a buyer for these.
Administrators at global professional services firm Alvarez & Marsal blamed the energy service company’s woes on a challenging economic conditions, and oil and gas price volatility.
Successful surgery for Dons chairman
Aberdeen FC chairman Dave Cormack is recovering in hospital after undergoing major heart surgery in Atlanta.
The 64-year-old underwent tests when he returned to the US earlier this month that revealed he required the surgery.
The Press & Journal reports that a brief statement from the Dons said the operation had been successful.
It read: “Dons chairman, Dave Cormack, successfully underwent open heart surgery in Atlanta and is now recovering in ICU.
“Dave will take time to recuperate and everyone associated with the club wishes him a speedy recovery.”
Lab leak could have caused pandemic
The Covid-19 pandemic is most likely to have originated from a laboratory leak, a US government department has concluded.
The Telegraph says the study carried out on behalf of the US energy department is considered authoritative as it oversees a network of 17 laboratories encompassing research in advanced biology.
The FBI has also blamed a leak from a Chinese laboratory for the pandemic.
Since the start there has been speculation that Covid-19 escaped from the Wuhan Institute of Virology in China, which had been collecting and manipulating bat viruses.
Four other agencies in the US still believe that the pandemic was the result of natural transmission and two others are undecided, according to the Wall Street Journal, which first reported the energy department findings.
TSSA accepts pay deal
Thousands of rail staff have accepted a pay deal that the RMT union is refusing to put to a ballot of its members, in a move that piles pressure on its leader Mick Lynch.
Members of the Transport Salaried Staffs Association (TSSA) have voted to accept offers by train companies in the long-running dispute over pay, job security and conditions.
The Telegraph says the deal accepted by the union's 3,000 members includes at least a 9% increase over two years, rising to more than 14% for the lowest paid workers.
‘Buy-to-let business model ‘imploding’
The buy-to-let business model is imploding as landlords’ mortgage costs surge higher than their rental income, according to new analysis.
Landlords who own properties in their own names are suffering as their investments rapidly become loss-making after their fixed-rate deals expire.
The Telegraph says research by Capital Economics suggests that buy-to-let investors are at risk of losing almost £100 a month as higher interest rates bite.
£10million support for Eurovision
The Eurovision Song Contest, being held in Liverpool in May, will get £10million from the UK Government.
It will be spent on operational costs like security and visas, as well as making sure the event "showcases Ukrainian culture".
Local authorities in Liverpool have already pledged £4million in funding.
Around 3,000 tickets to the song contest will also be made available for Ukrainians living in the UK.
Liverpool is staging the event at its M&S Bank Arena on behalf of Ukraine, whose Kalush Orchestra won the 2022 show, as the war means it cannot take up hosting duties.
The BBC says it will be the first Eurovision Song Contest in the UK for 25 years.