NatWest criticised for increasing bonus pool; KPMG reaches settlement with Carillion’s liquidators – as it happened

Unite union calls for a windfall tax on big banks' excess profits generated by interest rate rises

• NatWest CEO receives 5.2m in pay as bank reports largest profits since 2007

French power giant EDF has posted a record net loss of 17.9bn (16bn) for last year, after problems at its nuclear reactors hit its output.

Nuclear output at EDF's fleet dropped to a 34-year low in 2022, with many plants taken offline after stress corrosion cracks were found in pipes in their cooling systems.

EDF's energy supply business made a loss of over 200million. In short, the cost of buying the energy for our residential customers was higher than the prices we charged under the SVT cap.