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John Lewis blames budget tax hikes for deeper loss
The John Lewis Partnership (JLP) has blamed budget tax hikes for a deeper half-year loss.
The UK's largest employee-owned business, which owns John Lewis department stores and Waitrose supermarkets, reported a headline loss before tax and exceptional items of £34m for the six months to 26 July. That compared to a £5m loss in the same period last year.
The higher figure was reached despite a 4% rise in group sales to £6.2bn. Money latest: How to give your child a financial head start "This result was significantly impacted by costs not present in the equivalent prior period.
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