The increasing cost of servicing its £1.2bn pension shortfall helped push pre-tax profits at John Lewis down over a quarter in the first half of the year.
The firm's half-yearly results, published today, revealed profits before tax were down 26% over the six months to the end of July. It said this was principally down to an increase in pension cos...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
