Here are the stories making the business headlines across the UK this morning.
BP attacked by investor over ‘irrational’ switch to clean energy
BP is facing fresh demands to scrap “irrational” net zero commitments championed by former chief executive Bernard Looney, after an activist investor claimed they have left shareholders £40bn poorer.
The FTSE 100 energy giant was on Monday accused of pursuing an unrealistic strategy by Bluebell Capital Partners, the investor that has taken a minority stake in BP after previously taking on blue chip heavyweights Glencore and Danone.
In a 30-page letter, Bluebell called on BP to scrap its commitment to scale back its oil and gas business by a quarter this decade, halt investment in renewable energy schemes and rewrite its net zero targets to clarify they will be achieved “in line with society”.
Bluebell argued that the targets will artificially constrain BP and leave it at a disadvantage compared to rivals such as Shell and ExxonMobil, which have made no such commitments of their own.
Lower cost of tea eases January price rises
Shop prices rose at their slowest rate in more than 18 months in January, according to the latest report from the British Retail Consortium (BRC).
Inflation - the rate at which prices rise - reached near-record highs last year, prompting a cost-of-living crisis.
However, discounts and lower prices for milk and tea saw shop price inflation fall to 2.9%, from 4% in December.
Overall, prices are still going up in the shops but at a slower rate.
On average, food prices are still rising by more than 6% a year.
New Brexit food checks will test Britain’s supply chains
Phone and broadband users face 'unfair' price hikes says Which?
Broadband and mobile phone firms should ditch plans for "grossly unfair" bill increases this spring, argues Which?.
Consumers are still facing price rises linked to inflation plus an extra charge, the consumer group says.
That is despite new rules that are expected to come into force later this year that will ban this approach.
BT said it had been "clear and transparent" over its rises. Shell Energy Broadband said it was keeping rises below those of its rivals.
First human receives Neuralink brain chip implant, says Elon Musk
The billionaire who runs Tesla has claimed that the first human has successfully received a computer brain implant.
On the social media network X, Elon Musk wrote: “The first human received an implant from @Neuralink yesterday and is recovering well.”
Mr Musk added that: “Initial results show promising neuron spike detection.”
The statement was made without further detail or third-party verification.