Here are the top business stories making the headlines in the morning newspapers.
BREAKING: UK job vacancies hit new high after furlough ends
UK job vacancies soared to a record high of 1.24 million between October and December, according to new data.
The BBC said the figures are the first to exclude the impact of the government's furlough scheme which ended on 31 September.
The Office for National Statistics (ONS) said that job vacancies were 462,000 higher compared to the three months before the pandemic.
Regular pay, excluding bonuses, grew at an annual rate of 3.8% between September and November, the ONS said.
Total pay, which includes bonuses, grew by 4.2%. The ONS added that pay was showing "minimal growth" when compared to rises in the cost of living. Click here to read more.
Lords investigates Michelle Mone over £200miillion PPE contracts
The House of Lords watchdog has begun an investigation into the Conservative peer Baroness Mone over a PPE company awarded more than £200million in government contracts, according to The Times
The inquiry by the House of Lords commissioner was prompted by a complaint from the Labour peer Lord Foulkes of Cumnock after leaked files alleged that Mone and her husband, Douglas Barrowman, were involved in the company PPE Medpro.
Foulkes asked the commissioners to investigate whether Mone may have breached the Lords’ code of conduct by failing to declare an interest in the company and by lobbying for it to be awarded government contracts.
Mone, who was nominated for a peerage by David Cameron in 2015, has denied any “role or function” in the company and her lawyers have stated that she is “not connected to PPE Medpro in any capacity”. In a statement, she added: “I completely refute these allegations. I was asked to help at a time of national emergency. I declared all necessary interests and have done nothing wrong. I will co-operate fully with any investigation.”
Morrisons confirms sick pay cut for the unvaccinated
Supermarket Morrisons has confirmed it has cut sick pay for unvaccinated workers who are forced to isolate after being exposed to Covid.
It follows similar moves from big retailers including Ikea, Next and Ocado as staff absences rise.
Unjabbed Morrisons workers who are told to isolate but test negative now get statutory sick pay of £96.35 a week. Click here to read more.
Hurricane Energy hopeful of clearing debt
Hurricane Energy is hopeful that it can repay $78.5million of bonds that are due by the end of June.
In recent months the oil and gas explorer has been steadily reducing its debt, which had stood at $230 million.
The Aim-quoted company was once valued at more than £1 billion after its technique of exploring in fractured basements, rock formations below where North Sea oil has typically been found, uncovered large deposits.
Its Lancaster field was the first fractured basement in UK waters but has failed to meet expectations. The amounts contained in other assets have also been written down. Its market value is now about £85 million. Click here to read more.
Is the 'great resignation' over?
Wage growth is likely to slow this year as the cost of living crisis puts more people off changing jobs, an economist has warned.
Job moves are likely to fall back to pre-pandemic averages following a surge last year, according to Gabriella Dickens at Pantheon Macroeconomics.
After a collapse in job-to-job moves at the onset of the pandemic, a tight labour market meant 3.2% of workers changed jobs in the third quarter of 2021 – the highest since records began in 2001.
Switching jobs is a key driver of wage growth, as movers are more likely to move into higher-paid roles. Click here to read more.