Here are the top business stories making the headlines in the morning newspapers.
Helicopter company attacks competition watchdog for its analysis of takeover bid
CHC has launched a scathing critique of the competition watchdog for what it calls "incomplete, selective and deficient" analysis of its takeover move for Babcock.
The Competition and Markets Authority (CMA) gave provisional findings last month that there would be a "substantial lessening of competition" if the deal were to proceed.
Energy Voice says a final decision is expected in May which could see the deal blocked if a remedy isn't found.
CHC has issued a 23-page treatise in response to the CMA's findings, describing the watchdog as having made its conclusions on a "manifest series of errors" and a "complete failure to understand market realities and the competitive dynamics" of the industry.
At the heart of CHC's frustration is the CMA's claim that reducing the North Sea market from four operators to three will damage competition, despite the watchdog acknowledging that the sector is "plagued by poor market economics" and low or even negative margins.
Prime Minister could approve small nuclear reactors in 2024
Boris Johnson is expected to approve mini-nuclear reactors in two years' time, a boss of Rolls-Royce has said.
The UK Government asked the nuclear watchdog to start the approval process last month after the firm secured a £210million grant in November from ministers to develop the country's first small nuclear reactor.
The Telegraph reports that Paul Stein, chairman of Rolls-Royce' small modular reactors division, said that the regulatory process is likely to be complete in the middle of 2024.
"We are trying to work with the UK Government and others to get going now placing orders, so we can get power on grid by 2029."
It comes as the Prime Minister seeks to cut the dependency on fossil fuels and lower carbon emissions by introducing mini-nukes across the country.
Total ban on Russian oil could push price to $185 a barrel
If the European Union is serious about squeezing Russian oil, it may need to brace for some pain, says Energy Voice.
A full and immediate ban could displace more than four million barrels a day of supplies - propelling Brent prices to $185 a barrel, JPMorgan warns.
Analyst Natasha Kaneva said a gradual phase-out over about four months, similar to the approach taken with Russian coal supplies, could be pulled off without significantly disturbing prices.
Boss of collapsed energy business defends getting £250,000 annually
The co-founder of collapsed energy firm Bulb has defended continuing to be paid £250,000 a year, saying he is helping with a sale of the company.
Hayden Wood told MPs he was asked to stay on to "support customers".
The BBC reports he was "very sorry" for how the company went under when it buckled under rising wholesale gas prices.
Bulb collapsed late last year and was placed into "special administration", being run by the Government through regulator Ofgem until a buyer is found.
It is one of 29 suppliers which have gone bust following a sharp rise in wholesale gas prices.
The Business, Energy and Industrial Strategy Committee heard the collapse of Bulb was expected to cost the taxpayer £3billionn - the biggest state bailout since the Royal Bank of Scotland collapse during the 2008 financial crisis.
RPS wins work for offshore wind development
RPS Group has been chosen to carry out environmental assessments for the 2.9-gigawatt Morven offshore wind project, secured by developers BP and EnBW as part of the ScotWind auction.
Energy Voice says the global engineering consultancy, which employs 5,000 people across 125 countries, including at its Aberdeen office, will conduct the environmental social impact assessment and habitats regulation assessment for the development of the wind farm.
BP and EnBW secured a lease for around 860 square km of seabed space around 37miles off Aberdeen in the ScotWind auction earlier this year.
Soaring cost of white goods
The prices of fridges, freezers and dishwashers are up by a third since last year and set to climb higher, the boss of a white goods retailer says.
Nick Glynne from Buy It Direct, which owns Appliances Direct, blamed Covid lockdowns in China, shortages of materials and sky-high shipping costs.
The BBC adds that Amdea, a UK appliance maker trade association, reported that wholesale prices had risen by 9% in three months.
Retailers AO World and Currys also said their prices had been impacted.
It comes as the UK's cost of living rises at its fastest rate since 1992, with petrol and energy costs soaring.