Here are the top business stories making the headlines in the morning newspapers.
Development cost of Scottish offshore find could be slashed
Costs for a planned new North Sea oilfield could be shaved by 75% with new tax incentives, the firm behind it has claimed.
Orcadian Energy expects costs to first oil for Pilot, a 79million barrel field around 90miles east of Aberdeen, would take roughly £820million.
But Energy Voice says the firm states that the after tax-cost of development could be reduced by up to 75% thanks to the Chancellor's investment incentives announced with the windfall tax last month.
Smaller rise in UK interest rates expected
Hopes that runaway inflation could be tamed by a sharp rise in interest rates this week have been dashed by a surprise slump in the economy that has brought forward the shadow of recession.
The Bank of England's Monetary Policy Committee meets on Thursday to vote on a potential adjustment to the cost of borrowing, just as its forecasts have been thrown into disarray by an unexpected 0.3% drop in GDP in April.
The Telegraph says City economists tore up their forecasts following the revelation from the Office for National Statistics, abandoning predictions of a 0.5% rise. They now anticipate a smaller increase in the base rate from 1% to 1.25%, as the Bank attempts to calm price rises without accelerating the slide into a recession.
'Unfairly scapegoated' over fuel prices
Petrol stations say they have been "unfairly scapegoated", after the UK Government raised concerns a 5p fuel duty cut was not being passed on quickly enough to drivers.
The Petrol Retailers Association said the cut had been passed on and its members were operating on "razor-thin margins" due to rising wholesale costs.
The BBC says petrol prices hit a new record of 185p per litre on Sunday.
The UK's competition watchdog has launched a review of the fuel market.
It came after Business Secretary Kwasi Kwarteng asked the Competition and Markets Authority to look at whether the 5p per litre duty cut, which was announced in March, was being passed on to drivers and whether there were price variations between local forecourts.
Carlton Bingo now an employee-owned business
A bingo chain has become one of Scotland's largest employee-owned firms.
Carlton Bingo has created an employee ownership trust, giving its 209 staff a controlling stake in the company.
Its former major shareholders said the move would secure the future of the company for staff and customers.
Carlton has venues in Inverness, Stirling, Livingston, Dunfermline, Buckie, Elgin, Fraserburgh, Dalkeith, East Kilbride and Partick in Glasgow.
The BBC says ex-shareholders Chris Barr, George Carter, Brian King and Peter Perrins decided on the step "after considering their succession options and acknowledging their staff's loyalty and commitment".
Lloyds Bank staff to get £1,000 each
More than 64,000 staff at Lloyds Bank are to receive a £1,000 one-off payment to help with the rising cost of living in the UK.
The payout - due to be made in August - comes after a campaign by the union Unite, which demonstrated at Lloyds' annual general meeting last month.
Unite said it was a "important step" in changing the bank's pay structures.
In a memo seen by the BBC, Lloyds said the money would help during uncertain economic times.
Shell wants to supply electricity to more homes
Energy giant Shell is pursuing a significant expansion of its business supplying electricity to UK households amid intense volatility in energy markets.
The FTSE 100 company wants to supply clean power to five million households and electric car drivers by 2030, up from about 1.5million today, as part of plans to diversify away from oil and gas.
The Telegraph says Shell currently supplies about 1.4million UK households with energy via its UK retail business Shell Energy Retail.
About 100,000 drivers are also signed up to its Shell Recharge service for electric car charging in the UK.
Shell's retail unit has grown since last year following the collapse of about 30 rival suppliers since last August amid a surge in wholesale gas prices.
It has picked up more than 500,000 customers left behind by failed suppliers Pure Planet, Daligas, Colorado Energy and Green Supplier, under the regulator's safety net process.
Move to change Northern Ireland Protocol
The UK Government has published plans to get rid of parts of the post-Brexit deal it agreed with the EU in 2019.
It wants to change the Northern Ireland Protocol to make it easier for some goods to flow from Great Britain to Northern Ireland.
But the EU opposes the move, saying that going back on the deal breaches international law.
The Government said there is "no other way" of safeguarding essential interests of the UK.
The BBC says alterations are set out in the Northern Ireland Protocol Bill, to be debated and voted on by Parliament.
Parcels to be delivered by drone
Amazon says it will begin delivering parcels to shoppers by drone for the first time later this year, pending final regulatory approval.
Users in the Californian town of Lockeford will be able to sign up to have thousands of goods delivered by air to their homes, it said.
The BBC says the shopping giant has promised drone delivery for years, but has faced delays and reported setbacks.
However, it said it planned to roll out the service more widely after Lockeford.