Here are the top business stories making the headlines in the morning newspapers.

Call for orderly energy transition

BP UK boss Louise Kingham has called for an “accelerated and orderly” energy transition at an Aberdeen event.

“I know orderly can imply slow or dragging our heels. But we don’t mean that,” Ms Kingham told the Energy Institute annual dinner.

“We mean not shutting off the current energy system before the new one is in place.

And we mean being prepared to shake up our thinking and our actions – to ‘move fast and break stuff’ in tech industry speak – in order to achieve low-carbon aims. But to do this while still providing energy that is secure and affordable.”

Energy Voice says the UK country boss for the energy giant set out some detail on BP’s plans to invest up to £18billion in the UK energy system by the end of 2030, and the “triple challenge” for the global energy sector on secure, affordable and lower carbon energy.

New gym opening in Ellon, despite vote to refuse venture

A fitness firm is opening a new gym in Ellon today – even though councillors voted to refuse permission.

Arena Strength and Fitness Gym lodged plans last year to create the facility inside an area of unused storage space to the rear of the Greens of Ellon grocery shop.

The proposal went before the Aberdeenshire Council in January.

The Press & Journal says that, amid fears about parking and road safety, elected members voted to throw it out.

But, after a council systems blunder, the gym owners were issued with an approval notice.

Since then, work on the Schoolhill Road gym has been taking place.

And Aberdeenshire Council has been left scrambling to correct the record.

The matter has now gone to the Scottish Government, with the local authority asking ministers to step in to revoke the permission.

Rethink of independence strategy

Support for Scottish independence needs to be higher and more consistent to force another referendum, the new SNP leadership believes.

In a rethink of strategy, Scotland's First Minister and new SNP leader Humza Yousaf wants to focus on making the case for independence because he knows pushing for a vote immediately will be rejected.

Mr Yousaf told the BBC this week that he wants a "consistent majority for independence".

Senior figures familiar with his thinking say there has been a shift in position since Nicola Sturgeon stood down - with Mr Yousaf wanting to prove independence is the settled will of Scottish voters.

They acknowledge Mr Yousaf has introduced an extra step in the process of forcing another referendum.

Ms Sturgeon had wanted to use the next general election in Scotland as a de facto referendum.

Mr Yousaf does not favour that policy, but has said he will listen to SNP members about the next steps.

Orkney ferry grounding

A sudden mechanical failure is likely to have been the cause of a car ferry grounding in Orkney, the coastguard has said.

The MV Pentalina had 60 people on board when it grounded at St Margaret's Hope on Saturday night.

Smoke had been detected in the engine room of the Pentland Ferries vessel beforehand.

The BBC says the RMT maritime union has called for a thorough investigation into how the incident happened.

Emergency services, including lifeboats which took passengers ashore, were called to the scene after the ferry issued a mayday message. It has since been refloated and berthed at St Margaret's Hope.

Rescuer sought for US bank

US regulators are racing to find a rescuer to buy First Republic Bank.

The Federal Deposit Insurance Corporation has reportedly asked six banks to bid for the embattled lender.

Shares in First Republic plunged last week after it admitted customers had withdrawn £80billion in deposits in March.

At that time, its competitor Silicon Valley Bank had collapsed - prompting fears of a wider banking crisis.

SVB's failure was swiftly followed by the demise of another US lender, Signature Bank.

The BBC says investment banking giant JP Morgan Chase is believed to be one of the banks invited to bid for First Republic. Bank of America is also understood to have been approached.

Investors sue Adidas

Adidas is being sued by investors who claim the firm knew about Kanye West's problematic behaviour years before it ended their partnership.

Investors allege Adidas failed to limit financial losses and take precautionary measures to minimise their exposure.

The sportswear giant ended its collaboration with the designer and rapper, who is known as Ye, last year following antisemitic comments.

In response, Adidas said: "We outright reject these unfounded claims."

It added it "will take all necessary measures to vigorously defend ourselves against them".

The BBC says West is not party to the lawsuit. The rapper designed a line of hugely-successful trainers under the Yeezy brand for Adidas.

Since then, Adidas admitted that it could lose up to £619million after being left with unsold Yeezy products..

Resignation of BBC chairman

BBC chairman Richard Sharp has resigned after breaking rules over dealings with Boris Johnson ahead of his appointment.

A report found Mr Sharp created the appearance of a conflict of interest by not fully disclosing his knowledge of the ex-PM's personal finances.

His position was scrutinised after it emerged he tried to secure a high-level government meeting for a businessman offering Mr Johnson financial help.

The BBC states that Mr Sharp defended his conduct, but said he did not want to be a distraction.

A critical report led by barrister Adam Heppinstall was published on Friday, after months of speculation about Mr Sharp's position and a row about BBC independence.

Debt time bomb fears

Fears of a debt time-bomb have been raised by Citizens Advice.

The charity said it is helping more people who do not have enough income to cover essential expenses.

Director of policy Matt Upton said 51% of those it sees with debt issues have negative budgets, compared with 36% before the pandemic.

Mr Upton said there was no sign of that figure coming down.

He said if the trend was "even remotely mirrored" across the UK's wider population then the "simple maths dictates a debt crisis" would follow.

There had been "a time lag" in people seeking help and the government's energy bills support scheme had made a difference but it "wasn't enough to completely stop the bleeding", he said.

Mr Upton told the BBC that people turning to Citizens Advice having not paid the bills was "nothing new", but clients' use of unsecured credit was at its highest level in four years.

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