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

More impact of UK windfall tax

Equinor and Harbour Energy have exited their stakes in the Bressay oilfield due to the windfall tax.

Energy Voice
says EnQuest revealed the move in its full-year 2022 results today, confirming it now has a 100% stake in the development.

“In response to adverse changes to the EPL, several operators have begun to reconsider their capital programmes in the UK,” EnQuest said.

“In late 2022, EnQuest increased its equity interest in Bressay to 100%, following the withdrawal of Equinor and Harbour Energy.”

Reprieve for city shed

An Old Aberdeen shed has been saved by the Scottish Government after neighbours and councillors demanded it be torn down.

Lecturer Anna Riemen lives in a picturesque cottage at the corner of the Spital and Sunnybank Road.

The academic’s garden is her “main solace in life”, and the four-metre structure was erected to help with her hobby.

But neighbours were less than impressed – saying such projects in the historic area need special permission.

It was branded an “unsightly object” and a “monstrosity”.

The council’s planning committee ordered the unauthorised shed to be taken down due to looking out of place.

But the Press & Journal says Dr Riemen turned to the Scottish Government for help. She pleaded for Holyrood officials to overturn the decision of the local authority.

Self-driving buses first for Scotland

Self-driving bus services will begin in Scotland next month in what is believed to be a world first.

Stagecoach said the route over the Forth Road Bridge would launch on May 15.

The 14-mile route will run between Ferrytoll park and ride in Fife and Edinburgh Park train and tram interchange.

Five single-decker autonomous buses will have the capacity for about 10,000 passenger journeys per week.

The BBC says the vehicles have sensors enabling them to travel on pre-selected roads at up to 50mph.

They will have two members of staff on board.

A safety driver will sit in the driver's seat to monitor the technology, and a so-called bus captain will help passengers with boarding, buying tickets and queries.

Big fine for TikTok

TikTok has been fined £12.7million by the UK's data watchdog for failing to protect the privacy of children.

It estimated TikTok allowed up to 1.4million UK children aged under 13 to use the platform in 2020.

The video-sharing site used the data of children of this age without parental consent, according to an investigation by the Information Commissioner's Office.

The BBC reports that TikTok said it had "invested heavily" to stop under-13s accessing the site.

Difference in wages

Men still earn more than women, according to data gathered by the BBC.

Despite a continued push for equality, the difference in wage has remained at 9.4%, the same level as in 2017/18, when figures were first published.

The BBC looked at a company's median pay gap - the difference in pay between the middle-ranking woman and the middle-ranking man.

Expensive lawsuits for J&J

Johnson & Johnson has proposed to pay around £7billion to resolve tens of thousands of lawsuits it faces in North America that claim its baby powder and other talc-based products cause cancer.

The healthcare giant said it still believed the claims were "specious", but was hoping the new settlement offer would help conclude its legal battle.

The dictionary definition of specious is “superficially plausible, but actually wrong”.

The BBC says the company is facing more than 40,000 lawsuits from former customers who say using its talc-based baby powder caused cancer, including some who allege the product contained cancer-causing asbestos.

It stopped US sales of its talc-based baby powder in 2020, citing "misinformation" that had sapped demand for the product. Last year, it announced plans to end sales globally.

Virgin Orbit files for bankruptcy

British billionaire Sir Richard Branson's rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment.

The satellite-launch company halted operations weeks ago.

The business, based in California, announced last week that it would cut 85% of its 750-strong workforce.

Earlier this year, a Virgin Orbit rocket failed to complete its first-ever satellite launch from UK soil.

Virgin Orbit's boss Dan Hart said that although the company had "taken great efforts" to address its finances and secure more funding, "we ultimately must do what is best for the business."

He said that Virgin Orbit would now concentrate on finding a buyer for the business "to provide clarity on the future of the company to its customers, vendors, and employees".

The BBC says Virgin Orbit was founded in 2017 and is a spin-off from Sir Richard's space-tourism company Virgin Galactic.

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