Here are the top business stories making the headlines in the morning newspapers.
Ithaca Energy valued at £2.5billion
One of the largest players in the UK North Sea, Ithaca Energy, floated on the London Stock Exchange this morning with a market capitalisation of around £2.5billion.
Shares in the initial public offering (IPO) were priced at 250p each - at the bottom of the 250p-310p range initially marketed.
Gilad Myerson, executive chairman of Ithaca, said: "I am delighted with the outcome of our IPO.
“We have received great support from a high-quality selection of institutional investors and I am excited to welcome them on board as we continue to create value in the public markets.
"Ithaca Energy has undergone a transformation over the past three years to become one of the UK's leading independent oil and gas companies and I am very excited for what lies ahead as we continue our journey in the public markets."
The offer comprised 105,000,000 new ordinary shares - a total offer size of £262.5million representing about 10.4% of Ithaca's issued share capital.
Aberdeen building projects at risk
A "doomy and gloomy" reality check has left Aberdeen councillors facing the prospect of axeing or shelving more building projects.
Staff have been ordered to tighten the purse strings as Town House chiefs try to limit a forecasted multi-million-pound deficit.
This would be a second time since the May election that councillors have been forced to rethink construction plans.
It was only this summer when top brass urged a halt to work on a new primary school and council housebuilding.
The Press and Journal says that, by the end of March, there is a risk of a £4.4million black hole in Aberdeen's general fund.
Council budget holders have been instructed to delay, stop or reduce spending "wherever possible".
Supply-chain volatility caused by Russia's invasion of Ukraine and 40-year-high inflation have been blamed for the unbalanced books.
Musk sells even more Tesla shares
Tesla boss Elon Musk has sold another 19.5million shares of the electric car maker worth £3.4billion.
The news comes less than two weeks after the world's richest man completed his £38billion takeover of Twitter.
The BBC says Tesla's share price has fallen by more than 50% since the start of this year.
Separately, Tesla is recalling just over 40,000 of its vehicles in the US because of a potential problem with their power-steering.
University strike
University lecturers and other staff across the UK will strike this month over pay, pensions and working conditions, the University and College Union (UCU) has said.
The BBC reports that strikes will take place on November 24, 25 and 30 at 150 universities.
The UCU claims 70,000 staff members will strike.
Universities say they are "well-prepared" to "protect students' education".
Students - some of whom have supported previous strike action by university staff - could face lectures being cancelled or rearranged.
Staff will also start industrial action short of a strike from November 23, which could include things like refusing to cover for absent colleagues.
Egg farming 'unviable'
Egg farmers are reducing flock sizes or leaving the industry due to running costs making their businesses unviable, a farming industry body has warned.
The British Free Range Egg Producers Association said many of its members were losing money due to high chicken-feed prices and energy costs.
The BBC states that farmers have called for a 40p increase for a dozen eggs to help meet costs.
But supermarkets said they were "constrained" by how much cost they could pass onto customers.
Farmers claim that, despite the price of a dozen eggs rising by about 45p in the supermarkets since March, they've only received between 5p to 10p of that increase.
Housing market slowing
One of the UK's biggest housebuilders, Persimmon, has cut its dividend and revealed it faces hundreds of millions of pounds in additional costs related to building safety, as higher mortgage costs cause a steep drop in housing sales.
Shares fell nearly 7% yesterday after the FTSE 100 company announced that it was scrapping its dividend policy in response to "increased uncertainty" and higher taxes.
Persimmon said there were clear signs the housing market was slowing, revealing that the sales rate across its sites had fallen 20% in the past six weeks while the number of buyers cancelling their home purchase had jumped by a third.
The Financial Times says the average price of the company's homes has fallen 2% since July, while the £770million value of sales agreed for next year is down a third on the £1.15billion it had agreed this time last year.
Chief executive Dean Finch said there was a lot of uncertainty at the moment.
He added: "People have had mortgage offers withdrawn, not been able to get mortgages, rates have gone up."
Persimmon did not announce details of its new dividend policy.
Chris Millington, an analyst at Numis, estimated that dividends could "almost halve" as a result of higher-than-expected costs and a slowing market.
No extra price rises at Primark
Primark will not increase prices any more than already planned before next autumn despite soaring costs, its owner has said.
Associated British Foods (ABF) warned customers face tough choices on "what they spend and where they spend it".
As a result, ABF will not impose any price rises on its ranges until next summer, beyond those already brought in or planned.
The BBC says sales at Primark rose to £7.7billion in the year to September, up 43% year-on-year.
The group said that cold weather items like thermal leggings and "snuddies", a type of oversized hoodie, had been selling "incredibly well" as people delayed turning their central heating on.
But rising prices, interest rates and "general economic uncertainty" were making consumers cut back more broadly, it said in its full-year results yesterday.
Mixed fortunes at Disney's streaming operation
Disney's streaming business has continued to grow, but its losses are rising too.
The media giant said it had added more than 12million subscribers to its Disney+ streaming platform in the three months ended in September.
But the unit lost nearly £1.3billion - a hit that weighed on the company's overall bottom line.
Chief executive Bob Chapek said Disney+ had reached a "turning point" and would become profitable by 2024.
The company now counts more than 235million subscriptions across its three streaming platforms, which also include the sports-focused ESPN+ and wider entertainment site Hulu.
The BBC reports that Netflix, by comparison, has about 223million subscribers.
Just Stop Oil arrests
Multiple arrests have been made after a second day of widespread disruption by protesters on the M25.
The BBC says motorway was blocked and gantries were climbed in Essex, Hertfordshire, Kent and Surrey by Just Stop Oil activists.
The protestors said the action was to "demand that the government halts all new oil and gas licences and consents".
The Metropolitan Police said 16 protesters were arrested on the motorway in a joint operation with other county police forces.