John Lewis Partnership profits leap but no bonus for third consecutive year

Why John Lewis's profits have soared

Whether its M&S, Tesco, or John Lewis today, the UK’s traditional, mid-market retailers keep bouncing back.

John Lewis boss ‘determined’ to bring back bonus after payout scrapped again

The retailer said it would not pay a staff bonus despite revealing that underlying profits tripled to £126 million from £42 million the previous year.

Britain's John Lewis to step up investment as profit trebles

British retailer John Lewis Partnership said it would accelerate investment this year as it reported a trebling in annual profit, driven by an improvement in its food business, and forecast more growth as its turnaround plan gains momentum.

John Lewis keeps bonus freeze despite profit jump

The retailer will not pay out a staff bonus for the third year in a row.

John Lewis profit jumps as turnaround wins back shoppers

Despite the stronger results, John Lewis said it will not make an extra annual payment to staff, known as a partnership bonus. It has now not paid a bonus to partners for the past three years.

John Lewis Partnership profits leap but no bonus for third consecutive year

The employee-owned group's boss says "careful consideration" was given to a bonus but he decided it was best to invest the money in the business instead.