BUSINESS LIVE: John Lewis narrows losses to £55m

John Lewis Partnership losses narrowed in the first half from £66.6million last year to £54.5million, as the retailer forecast an improvement in its full year outcome despite an uncertain economic outlook.

Nish Kankiwala, chief executive, said:

‘Our transformation to modernise our business is well under way, and I want to thank our Partners for their efforts to give customers great service, quality and value when they shop with us in store or online.

‘There are no brands better placed than Waitrose and John Lewis to provide customers with what they need right now – to help them feel good and eat well.’