Here are the top business stories making the headlines in the morning newspapers.
UK debt interest payments hit record high in February
Rising inflation led to government interest payments hitting a fresh record in February, official data show.
Interest payments reached £8.2bn last month, the highest amount for a February since records began in April 1997 and up £1bn on last year.
The BBC said the payments are pegged to the Retail Prices Index (RPI) measure of inflation - which reached 7.8% in January.
It comes as pressure mounts on the Chancellor Rishi Sunak to take action to tackle soaring costs.
Baker Hughes buys well specialist
Oilfield services giant Baker Hughes has signed a deal to acquire well specialist Altus Intervention.
Altus employs around 1,200 people globally, including more than 500 at Portlethen, near Aberdeen.
Energy Voice says Baker Hughes is buying the firm for an undisclosed sum, with particular focus on Altus' ability to help operators enhance production from mature oil and gas fields.
The deal is expected to close in the second half of 2022 and will see Altus Intervention integrated into Baker Hughes' oilfield services segment.
Headquartered in Norway, Altus operates in 11 countries.
Union says agency workers hired by P&O Ferries are on less than £2 an hour
Indian agency workers hired to replace P&O Ferries crews in Dover are being paid £1.81 an hour, a union claims.
The Rail, Maritime and Transport union said the low pay was a "shocking exploitation" and "a betrayal of those who have been sacked".
The BBC reports that P&O stated the figure was inaccurate, but said it could not comment on how much agencies pay workers on ferries.
Some of P&O's ferries are registered in Cyprus, meaning they do not have to pay the minimum wage required by UK law.
Firms using UK ports often register ships in other countries, allowing them to pay lower wages.
The minimum wage in the UK for people aged 23 and above is £8.91 per hour.
Anger has mounted since the ferry operator axed 800 seafaring staff without warning in a video message last Thursday.
British unit of Gazprom could go into administration
The UK arm of Russian gas giant Gazprom could be placed into administration in the coming days, the BBC reports.
It has been reported that the Government is preparing to step in and temporarily run Gazprom Marketing & Trading Retail, which supplies thousands of organisations across the UK.
Its clients include McDonald's, Siemens, hospitals and councils.
It is understood the Government is looking at all options and monitoring the situation closely.
One possibility could be to put the unit into special administration, where it is temporarily run on behalf of the Government.
The UK retail operation does not sell gas from its parent in Russia, but a number of customers are thought to be trying to end their contracts in protest at Russia's invasion of Ukraine.