Here are the top business stories making the headlines in the morning newspapers.

Strike threat at British Airways

British Airways check-in staff are threatening to strike at the height of summer as unions seize on travel chaos to ram through a new pay deal.

Bosses at Unite, the trade union, say check-in staff have missed out on pay rises that bring wages in line with pre-pandemic levels.

BA has restored management pay to pre-crisis levels, but the airline is refusing to reverse a 10% cut imposed on blue-collar workers during the pandemic, it is claimed.

The Telegraph says around 500 staff will be balloted between June 7 and 27 ahead of a potential walkout targeted to cause maximum disruption during the summer holidays.

BA said check-in staff had rejected a 10% payment offer for the current year.

Oil company says production vessel 'almost impossible to electrify'

EnQuest has said its Kraken floating production vessel is "almost impossible to electrify" and is looking at creative alternatives to decarbonise the asset.

The North Sea Transition Deal, signed last year, set out crucial emissions targets for the industry this decade: an initial 10% cut by 2025, then 25% by 2027 - which the industry is confident of achieving - and a more-uncertain 50% cut by 2030.

Energy Voice says that EnQuest infrastructure and new energy manager Donna Sutherland has set out the challenges associated with some of the goals, particularly for its assets producing past the end of this decade.

"As we look ahead, particularly for our assets that go beyond 2030, we need to look at alternative and very creative solutions to understand how we're going to achieve that decarbonisation solution."

Measuring the progress of technology, electrification is "at the heart" of the opportunity, she said, citing potential for power from shore via the Sullom Voe terminal in Shetland.

Move to prevent future accounting scandals

A review into how company books are inspected has been announced in a bid to prevent future accounting scandals and business collapses.

Ministers have been under pressure to overhaul auditing rules after failures like Carillion, BHS and Thomas Cook.

The BBC says that the UK Government has created a new watchdog, the Audit, Reporting and Governance Authority.

But critics called the plan "watered down" and said auditors should be doing their jobs properly in the first place.

British pensioners could be hit by Putin move

Pensioners face a raid on their pension payouts as Russia prepares to seize a payment for BP amid a crackdown on financial transactions to "unfriendly states".

Russian energy giant Rosneft said it will pay out a record full-year dividend of £5.5billion to investors after its profits jumped on the back of rising commodity prices.

It is understood BP does not expect to benefit from its 20% stake in the company, however, after Vladimir Putin launched a crackdown on distributions to Western countries and their allies.

BP made its investment in Rosneft in 2003 and has since received dividends worth around £15billion. British pensioners have benefited from the income as BP is one of the top dividend payers on the FTSE 100.

More like this…

View all