John Lewis keeps bonus freeze despite profit jump

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Retailer John Lewis has continued its freeze on bonuses despite profits jumping 73% to £97m.

It said it wanted to invest in its business and employee base pay instead.

This is the fourth time in five years it has not paid a bonus.

The string of freezes started in 2020 - the first time its had scrapped them since 1953 - after it was hit by lockdown store closures.