17% bonus for Waitrose staff

John Lewis & Bracknell-based Waitrose staff will receive bonuses worth 17% of salary after the group shrugged off tough high street conditions to report a 15.8% surge in annual profits. The employee-owned firm reported pre-tax, pre-bonus profits of £409.6 million for the 12 months to January.

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John Lewis to announce results

Retailer John Lewis is set to announce its annual results today.