Retailers face tough 2022 despite sales rebound; FTSE 100’s worst week since November; NatWest back in profit – as it happened
by Graeme Wearden from on (#5W90F)
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."
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