The John Lewis Partnership (JLP), parent company of Waitrose and John Lewis, has reported that its profit before tax and exceptional items has increased threefold, rising to £126m ($163.12m) from £42m during the fiscal year 2024/2025.

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.

John Lewis Partnership invests £114 million in employee pay increases, boosting wages for 77% of its workforce. This follows a £116 million investment

Retailer John Lewis Partnership has said it will not pay a staff bonus for the third year in a row despite seeing annual profits rebound higher. The employee-owned business, which runs the department store chain and Waitrose supermarket arm,

LONDON (Reuters) -British retailer John Lewis Partnership reported a trebling in annual profit, driven by a better performance in its food business, and forecast further growth this year, showing its turnaround plan has momentum.