John Lewis back in profit but no bonus for staff

The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before. In January, John Lewis said it was planning to cut the size of its workforce over the next five years. You'll still find the same trusted BBC News, Sport and video stories, but presented in a cleaner design that we hope you think is easier to use. We've also added new sections that you will find in the top navigation bar such as Innovation, Business, Earth and an exciting new live page where you can see the latest breaking news and updates as they are happening. We hope you enjoy the new experience and thank you for being part of the BBC community as we grow into the future.

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