Retailers face tough 2022 despite sales rebound; FTSE 100’s worst week since November; NatWest back in profit – as it happened

Rolling coverage of the latest economic and financial news

• Deliveroo, JustEat, UberEats and Getir suspend some deliveries in storm
• Power prices fall as wind generation jumps
• NatWest increases bonus pool by 44%...returns to profit
• Economists: cost of living squeeze will hit shops
• Retail sales +1.9% in Jan - led by garden centres & department stores
• France's EDF's rights issue after energy price cap

European stock markets are rather mixed this morning, after Wall Street took a tumble last night.

In London, the FTSE 100 is up just 6 points. Utility companies are leading the risers, along with consumer goods maker Reckitt (+1.8%) , discount retailer B&M (+1.4%) and fashion group Burberry (+1.2%) also higher.

We need to make sure we are rewarding fairly."