Staff at employee-owned department store operator John Lewis are to share in a £151m bonus pot after the company reported a sharp rise in profits.
The bonus will be shared among 70,000 staff who will receive 15% of their annual salary.
Pre-tax profits at John Lewis, which also owns the Waitrose supermarket chain, climbed to £307m in the year to January 30, up by 9.7% from the same period a year ago.
However John Lewis, which is a partnership comprising all of its permanent staff, warned that trading would be difficult in 2010, particularly in the second half.
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John Lewis staff to share £151m bonus
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