Here are the top business stories making the headlines in the morning newspapers.
Work from home, but for 20% less pay
A London law firm has offered staff the option to work from home permanently, but the convenience comes at a price.
The business, Stephenson Harwood, said it would allow staff to work remotely but pay them 20% less than their current salary.
The BBC says that, since the start of the pandemic, a debate has raged over who gains and who loses when staff work from home.
Employees save time and money, but companies can save too, on office space and costs.
Academic studies suggest remote working can boost productivity. And many firms have found that hybrid working, allowing a combination of home and office work, frees up space and improves staff satisfaction.
Stats deal is off
A £73million takeover of Stats Group has been scuppered by "market volatility", says the Aberdeenshire company.
The pipeline technology specialist, based in Kintore, announced late last year it was being acquired by Jersey-headquartered SRJ Technologies.
But the Press and Journal says the buyout has fallen through, with Stats citing macro, geopolitical and supply-chain events as the reason.
SRJ has advised the Australian Securities Exchange (ASE), where it is listed, that the transaction will not proceed.
The Scottish firm added: "SRJ and its advisors explored several Australian and global funding alternatives to raise the capital required to complete the transaction, but the significant changes to underlying market conditions since the start of 2022 made this extremely challenging.
"The acquisition of Stats will not proceed and the share-purchase agreement executed on December 14, 2021, will be terminated."
Recovery is 'underway' for UK drilling contractors
A supercycle in oil rig day rates could be around the corner as confidence floods back to the North Sea, reports Energy Voice.
Finlay Johnston, founder and managing director of 4C Global Consultancy, says the "recovery is underway" for drilling contractors as the need for new oil fields becomes more apparent.
An imbalance is already emerging and, according to some analysts, there are currently "four times as many rig inquiries" as there are free rigs in the UK.
Rig day rates "will increase" as the North Sea continues its resurgence, but how much and at what speed depends largely on the fear of missing out.
"That will be triggered when customers buy up a lot of rig time and other potential customers realise that, unless they charter a rig as soon as possible, then they will end up with nothing. No rig and no ability to develop their oil field," said Mr Johnston.
South Korea may build nuclear power stations in Britain
South Korea is in talks to build a new generation of nuclear power stations in the UK as ministers scramble to boost the country's energy supplies.
Kwasi Kwarteng, the Business Secretary, has met state-owned Korea Electric Power Corporation to discuss investment in the British nuclear industry.
The Telegraph says it is understood that talks with officials are ongoing.
It comes after Russia's war on Ukraine forced an urgent rethink over energy security, with Moscow last week shutting off gas supplies to Poland and Bulgaria and an EU embargo on Russian oil inching closer.
Boris Johnson, the prime minister, wants up to eight new nuclear reactors to be built in the UK by 2050 to supply up to a quarter of projected electricity demand as part of a race to increase the UK's energy independence.
France's state-owned EDF is currently the only developer planning new nuclear projects in the UK, apart from its minority Chinese state partner whose involvement in the sector ministers are believed to be looking to block.
Split over Russian energy supplies
European Union countries are split on how soon they wind down dependence on Russian energy supplies.
While sanctions have been applied to other areas of business, the EU remains heavily reliant on Russian oil and gas.
Germany's economic minister said the country would be able to weather a Russian oil ban by the end of 2022, as he appeared to back tougher sanctions.
However, Hungary has said it opposes such a move, stating it would not back measures that could endanger supplies.
EU ministers met on Monday to discuss how to manage the situation, under intense pressure to reduce the revenue stream supporting President Vladimir Putin's war in Ukraine.
The BBC says there are two main challenges faced by members states - how to pay for Russian energy in a way which doesn't breach or undermine EU sanctions, and also how to source and develop alternative supplies to move away from reliance on Russia.