John Lewis reported a 73% increase in profits to £97m but will not pay staff a bonus for the third consecutive year. The retailer plans to invest in business and workers’ pay instead, with a 7.4% pay rise for shop workers announced. New chairman Jason Tarry sees significant growth opportunities for both Waitrose and John Lewis brands.
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UK industrial strategy must deal with high energy costs, business warns
British business leaders have warned Prime Minister Sir Keir Starmer that his upcoming industrial strategy will be "fatally flawed" unless it comprehensively addresses the UK's high energy costs, which are 46% above the global average. While the government acknowledges the issue, concerns persist that support will be limited to energy-intensive sectors rather than a broader range of industries. Business groups are advocating for more extensive solutions, including significant reductions in energy bills for various sectors,...
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