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The Latest Breaking News from John Lewis Partnership

John Lewis Partnership pays staff bonus for first time since 2022

But profits were held back by higher employer National Insurance bills, the packaging levy and a slow start to Christmas

Evening Standard

FTSE 100 Live 12 March: Oil price near $100 as index falls, travel stocks slump

The return of the Brent Crude oil price to $100 a barrel today heaped more pressure on the FTSE 100 index.

Evening Standard

John Lewis pulls plug on affordable homes venture after costs soar

In 2020, the John Lewis Partnership first announced efforts to expand into build-to-rent properties.

Evening Standard

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John Lewis exits its lossmaking housebuilding venture after five years

Former chair Dam Sharon White launched the surprise diversification in 2020

Evening Standard

High street giants to reveal sales as bosses warn over rising costs

Primark’s owner Associated British Foods and John Lewis Partnership are set to give investors an update on recent trading.

Evening Standard

High street giants to reveal sales as bosses warn over rising costs

Primark’s owner Associated British Foods and John Lewis Partnership are set to give investors an update on recent trading.

Evening Standard

John Lewis’s chair Jason Tarry to earn more than £1.3m this year

Ex-Tesco executive, who joined the group last year, earned £415,000 in his first four and a half months in the job

The Guardian - UK

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John Lewis staff miss out on bonus for third year running despite profit leap

The group, which runs the department store chain and Waitrose, saw underlying profits triple to £126 million from £42 million a year ago.

Evening Standard

John Lewis Partnership "missed sales targets" in run up to Christmas

Shortfall will be a setback for the new leadership of the partnership

Evening Standard

John Lewis Partnership axes chief executive role under new chair

Nish Kankiwala to become non-executive adviser as Jason Tarry accelerates turnaround plan

The Guardian - UK

What will new John Lewis chair Jason Tarry focus on as he starts work?

Former Tesco boss will hope to speed turnaround at parent company of retailer and Waitrose chain

The Guardian - UK

It’s not buzzy like M&S but John Lewis is improving

There are signs of greater self-belief and a token bonus doesn’t feel impossible after two years without

The Guardian - UK

Teenager arrested over Transport for London cyber attack; ECB cuts interest rates – as it happened

A 17-year-old male was detained last week on suspicion of Computer Misuse Act offences in relation to the attack launched on TfL on 1 September.

The Guardian - UK

Major Companies Implementing Job Cuts Amid Market Challenges

First quarter of 2024 marked by major companies implementing job cuts to address financial challenges and streamline operations.

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The Guardian - UK

Ex-Tesco man Jason Tarry looks to be just what John Lewis Partnership needs

After years of losses or low profits JLP has picked a chair who has deep experience of retailing at its most brutally competitive

Evening Standard

FTSE 100 Live 14 March: Index closes down 0.4% as US producer inflation disappoints, no John Lewis bonus

Vodafone investors have been braced for a big cut in dividend income after the telecoms giant unveiled a new payout policy today.

Evening Standard

Peter Ruis returns to John Lewis and will lead department stores business

Former Jigsaw boss Peter Ruis has been appointed to lead John Lewis department stores, returning to the business where he once worked for nine years.

The Guardian - UK

John Lewis boss Sharon White to step down

Chair of John Lewis Partnership will leave in February 2025 at end of her five-year term, company says

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The Guardian - UK

How to get the best out of using a credit card

They are not for everyone but can reap rewards if handled in the right way

The Guardian - UK

Arm shares soar 25% over IPO price in US stock market float; FTSE 100 posts best day of 2023 – as it happened

Shares in UK chip designer are making a successful debut on the US stock market today, while UK blue-chip stocks post their best day since last November

Evening Standard

John Lewis Partnership slashes HQ size with new London office letting

The employee-owned business will have a new base at One Drummond Gate

The Guardian - UK

HSBC set off a scam alert over my John Lewis Partnership credit card

It claimed it had been transferred, and asked me to set up a direct debit

Evening Standard

John Lewis submits plans for London rental homes in west and south east London

It marks the next stage in the John Lewis Partnership’s plans to build around 1,000 ‘build-to-rent’ homes in West Ealing, Bromley, and Reading

Daily Mirror

Clothes and shoes are top items Brits will buy without considering sustainability

Nearly three in five shoppers admit the environmental impact of the household items they buy, such as furniture or white goods, “doesn't even cross their mind”

The Guardian - UK

Sharon White still needs to be clearer about John Lewis’s mutual status

How can there be ‘no question’ of demutualisation if the board ‘could consider’ bringing in an outside investor?

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