John Lewis profits triple to £126m but hopes for staff bonus dashed again

Cash reward at staff-owned group ruled out for third year in a row, with focus on £600m plans to transform businessBusiness live – latest updatesThe owner of John Lewis and Waitrose has tripled its annual profits but workers at the staff-owned retail group have missed out on a bonus for a third year in a row.The John Lewis Partnership said group sales rose 3% to £12.8bn in the 12 months to 25 January 2025, as underlying profit rose from £42m to £126m. However, the c