John Lewis back in profit but no bonus for staff

Published

13 minutes ago

John Lewis has reported a return to profit, but it will not pay its staff a bonus for the second year in a row.

The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before.

However, the company said it would not pay a bonus as it believed improving its business should take priority.

In January, John Lewis said it was planning to cut the size of its workforce over the next five years.

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