Russia threatens to hold hundreds of planes hostage amid sanctions

John Lewis is bringing back again its workers reward after the retailer’s income rebounded adhering to a tricky pandemic 12 months.

Employees at the high street stalwart will share a £46m pot, with each individual receiving a bonus of 3laptop – or a single-and-a-50 % week’s pay. The organization also stated it will increase wages by 2pc on best of its pledge to spend the genuine dwelling wage.

It marks the return of payouts just after John Lewis was compelled to scrap final year’s reward for the first time given that 1953.

The group, which also owns Waitrose, noted underlying pre-tax income of £181m in the yr to January 29 many thanks to record income of £4.9bn – up 8personal computer on a like-for-like basis.

It remained in the purple on a bottom-line basis, even though losses narrowed sharply to £26m from £517m in 2020, when the pandemic drove the company to its first ever once-a-year decline. 

Chair Dame Sharon White hailed a “superior get started” to the group’s 5-12 months overhaul, but warned of a troubled broader outlook amid inflation and a cost-of-living crisis.

John Lewis, which lately ditched its “By no means Knowingly Undersold” pledge, has said it will eliminate any merchandise made in Russia from its shelves.