Here are the top business stories making the headlines in the morning newspapers.
Accelerating the region's economic transformation
A £30million investment by Opportunity North East (One) has secured a further £85million in partnership funding since 2016, it was announced last night.
The economic development partnership founded by billionaire chairman Sir Ian Wood said the cash had accelerated the region's economic transformation.
The Press and Journal says One's figures emerged as the business group held its first annual gathering in more than three years.
More than 150 senior business people, future leaders, entrepreneurs and partners were at the Transforming Our Region event at The Chester Hotel in Aberdeen.
Guests heard first-hand from digital, food and drink, and life sciences businesses about how One-led activity is growing their sectors.
Primark to sell clothes online
Primark is to finally sell its clothes online through a new click-and-collect service for children's products.
The High Street retailer said 2,000 goods will be offered through a trial which will run out of 25 shops in north west of England.
Until now, Primark has resisted selling its products online unlike other retailers.
As a result, the business was hit hard by Covid restrictions while stores were closed.
Retail analyst Catherine Shuttleworth described Primark's move as a "very big deal", adding: "Covid showed the risk of having a store-only estate."
However, the trial is not part of a wider plan to enable all of company's products to be sold online, according to George Weston, chief executive of Primark's parent company, Associated British Foods.
"What you will never see is the entire Primark range available for click-and-collect, nor any of it available for home delivery," he told the BBC.
Propping up the pound
The Bank of England must prop up the pound with a rapid increase in interest rates or risk a further surge in inflation, a senior policymaker has warned.
Catherine Mann, a member of the Bank's rate-setting Monetary Policy Committee (MPC), said that Britain is falling behind the US after the Federal Reserve embarked on a vigorous round of rate increases.
The Telegraph says fears over rampant inflation in Britain have sent sterling down almost 10% against the dollar this year, to $1.23.
Ms Mann, who last week split with the majority of MPC members to back a bigger rise in rates than the 0.25% increase announced by the Bank, said: "I voted for a 0.5% increase at the last MPC meeting.
"In my view, a more robust policy move, based on both domestic conjuncture and commensurate with the global factor, reduces the risk that domestic inflation already embedded is further boosted by inflation imported via a sterling depreciation."
Rolls Royce staff to get £2,000 each
More than 14,000 staff at Rolls Royce will be offered a £2,000 one-off payment to help with the rising cost of living in the UK.
The payment will be for junior management and shop floor staff, mainly based at the company's Derby and Bristol sites, said the manufacturer.
The lump sum will start to be rolled out to 3,000 staff in their August pay.
The remaining 11,000 unionised workers will receive the payment after their union approves the amount.
The BBC says the move comes after several companies announced measures to help staff cope with rising costs, as energy bills continue to soar and UK inflation hits a 40-year high.
Expansion by Ocado
Loss-making grocer Ocado is raising £575million in fresh funding to expand its technology business, despite signs of inflation slowing the online retail revolution.
The Telegraph says news of the cash call came as ratings agency Fitch hit the company with a downgrade and warned of mounting risks at its international business.
Ocado announced plans to sell shares to institutional and individual investors after markets closed on Monday and said it had secured a £300million loan from a consortium of banks.
The cash injection will be used to support the growth of its Ocado Solutions business, which provides automated warehouse technology to retail partners.
While Ocado is best known in Britain as an online grocer, its main focus today is selling robotic warehouse technology to retailers worldwide, such as Kroger in the US and Coles in Australia. The group said it needs fresh cash to fund investment as demand for its tech grows.
Cadbury owner in big acquisition
The owner of iconic British chocolate brand Cadbury has announced that it is buying US energy bar maker Clif Bar & Company for £2.4billion.
Mondelez International - which also owns Oreo, Toblerone and Milka - says the deal will help drive its plans to "lead the future of snacking".
The food-and-drinks giant also says it will continue to make Clif's products at its facilities in Idaho and Indiana.
The BBC says that, in March, Mondelez warned over the impact of rising production costs.
£500,000 deal for Plexus
Aberdeen-headquartered oilfield services firm Plexus Holdings has won a £500,000 order from Oceaneering.
The deal for its POS-GRIP technology will generate the revenues in the 2023 calendar year, "with potential for other similar work in the North Sea and internationally".
Energy Voice says Oceaneering has ordered tieback and subsea well control equipment.
Chaos expected in criminal courts south of the border
Criminal barristers have voted to strike in an escalating dispute with the Government over funding for trials.
The vote by defence barristers is likely to cause chaos in the criminal courts in England and Wales.
Eight out of 10 barristers voted for the walkouts amid concerns the Government will not improve a proposed increase in criminal Legal Aid.
The Legal Aid system is at the heart of justice - ensuring that all defendants get proper and fair representation.
An independent review of the future of the system, ordered by the Government, told ministers they needed to increase funding by at least 15% to prevent a major crisis in criminal justice. Barristers say much more is needed to stop an exodus from criminal law to other branches of the profession.
The BBC says that, over the last decade the number of lawyers working in criminal justice - both barristers who appear before judges in court and solicitors who instruct them - has declined, as many say they cannot make a living any more.