Here are the top business stories making the headlines in the morning newspapers.
Scotland's offshore wind
Scottish ministers have been forced to admit their repeated claim that Scotland has a quarter of Europe's potential offshore wind power is false.
The Scottish Government now says the 25% figure was wrong and needs updating.
A Freedom of Information request by think tank These Islands disclosed that civil servants had concerns about its accuracy more than two years ago, with officials stating in October 2020 that it had "proved very difficult to source".
These Islands discovered that the 25% figure was calculated by combining statistics from two old reports - one of which used a definition of Europe that included only 11 countries and was based on information from 1993.
The Telegraph says much more up-to-date research was available to the Scottish Government, which would have provided a more accurate assessment that Scotland has between 4% and 6% of potential offshore wind power.
A Scottish Government spokesman said: "The statistic relating to Scotland having 25% of Europe's offshore wind potential was set out in a 2010 publication and was calculated accurately at the time.
"We recognise that changes in technology and use of marine space mean that this statistic now requires updating and will be undertaking work to update the figure. "However, we are confident that Scotland remains at the forefront of the developing offshore wind industry in Europe."
'Gathering storm' for retailers
Marks and Spencer has warned of a "gathering storm" of higher costs for retailers and pressure on household budgets as it reported a fall in profits for the first half of the year.
The High Street giant said trading would become "more challenging" after it revealed its profits dropped by 24%.
It said "all parts" of retail would be affected by the UK's economic climate, adding unviable firms would go bust.
But M&S said its business could "prove more resilient" due to its clientele.
Many UK businesses are being hit by rising energy bills, wage costs and raw materials prices.
The BBC says consumers are also cutting back their spending, with the Bank of England warning the UK is facing its longest recession since records began.
Fossil fuels well represented at COP27
The number of delegates with links to fossil fuels at the UN climate summit has jumped 25% from the last meeting, analysis shared with the BBC shows.
Campaign group Global Witness found more than 600 people at the talks in Egypt are linked to fossil fuels.
That's more than the combined delegations from the 10 most climate-impacted countries.
Around 35,000 people are expected to attend the COP27 summit in the Red Sea resort of Sharm el-Sheikh.
The BBC says these conferences have always attracted significant numbers from the coal, oil and gas industries, who are keen to influence the shape of the debate.
Helping prevent blackouts in France
British households could be paid to help prevent blackouts in France this winter, under plans drawn up by National Grid.
The company in charge of keeping Britain's lights on is prepared to ask households to cut their energy usage so that more power can be exported to the continent to avert blackouts there.
Power would not be exported to France if there wasn't enough to meet British household demand, the Grid said.
A spokesman added it would "expect similar assistance" from its continental counterparts, although it was not aware of a similar scheme elsewhere.
The Telegraph says the measure, which would be deployed only in "occasional and exceptional" circumstances, comes amid growing concern about blackouts this winter due to energy shortages caused by Russia's war on Ukraine and outages on France's nuclear fleet.
Britain's power supplies are connected to the continent's via a web of undersea cables through which electricity is constantly being traded back and forth. Network operators on all sides hope that neighbours will help each other out if shortages arise in their territory.