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John Lewis profits halved after costly restructure

By Iain Gilbert

Date: Thursday 14 Sep 2017

(ShareCast News) - UK-based retail group John Lewis announced on Thursday that it had seen its profits cut in half during its first six months of trading as it was hit hard with costs from the reorganisation of its business model.
John Lewis said its pre-tax profit dropped 53% to £26.6m...

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