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Retail success at John Lewis means staff bonus for all

Far from the astronomical incentives accorded to a select few at Britain's banks, clothes-to-food retailer John Lewis Partnership is paying all its staff an annual bonus worth 15 percent of their salaries, earning praise for its co-operative structure. From the chief executive right down to shop assistants at the group's high-end supermarket Waitrose and department store chain John Lewis, workers will share a bonus pot totalling £202.5 million ($336 million, 242 million euros) for 2013.

Ocado sees opportunities from Amazon move into groceries

By Emma Thomasson LONDON (Reuters) - British online grocer Ocado sees Amazon's push to sell more groceries as more of an opportunity than a threat, believing it will encourage big international retailers to look for partners to help them get set up in e-commerce. "What Amazon is clearly doing is awakening the global grocers to the online challenge they are going to face and they are accelerating the opportunities for us as a platform partner provider," Ocado Chief Executive Tim Steiner said on Thursday.

UK's Morrisons' says online customers can switch from rivals with 'one click'

By James Davey LONDON (Reuters) - Britain's No. 4 supermarket Wm Morrison will attempt to win customers from rival's long established online grocery businesses by making it easy for them to switch, Chief Executive Dalton Philips told reporters on Thursday. "By enabling customers with one click to import their favorites we'll be bringing switching to the online food market," Philips said as he detailed the firm's online grocery plans at a salmon-packing factory in Stratford, east London.

Morrisons plays catch up with move online

By James Davey LONDON (Reuters) - Britain's Wm Morrison Supermarkets <MRW.L> plans to launch an online food business within a year, possibly with the help of specialist Ocado <OCDO.L>, as it battles to catch up with rivals after posting its first profit fall for six years. Britain's fourth-biggest grocer has been losing market share, hit by its lack of exposure to fast-growing online and convenience store markets as well as competition from discounters Aldi and Lidl.

FTSE snaps three-day rally after miner weakness

By Alistair Smout LONDON (Reuters) - The FTSE 100 fell on Friday after a three-day rally, as investors backed away from riskier sectors and U.S. GDP figures came in below expectations. Material and energy stocks, which are sensitive to optimism over the global economic outlook, took 26 points off the FTSE 100, dragging the index into negative territory.

UPDATE 2-John Lewis sees more market share gains as rivals hurt

* Expects to grow market share for fifth straight year * Does not expect 2013-14 sales growth to hit 2012-13 level * 2012-13 profit 409.6 mln stg vs 354 mln stg * Staff bonus of 210.8 mln stg, equal to 9 weeks pay * Plans to invest over 500 mln stg in 2013-14 By James Davey

John Lewis pays staff 17 pct bonus as profits rise

LONDON, March 7 (Reuters) - British retailer, the John Lewis Partnership , posted a 16 percent rise in year profit and raised its staff bonus payout to 17 percent of salary. The 149-year-old employee-owned group, which runs Britain's biggest department store chain as well as upmarket grocer Waitrose, said on Thursday its profit before tax and a staff bonus pool of 210.8 million pounds ($317.4 million) rose to 409.6 million pounds in the year to Jan. 26, up from 354 million pounds last year.

UPDATE 1-John Lewis sales rise as school's out

* Week to Feb. 23 department store sales up 17.2 pct * Says "well set" to continue good start to 2013 * Waitrose sales up 7.1 pct LONDON, March 1 (Reuters) - Britain's biggest department store group, John Lewis, said its good start to the 2013-14 year continued with sales increasing 17.2 percent last week, boosted by the later falling of half term school holidays in England this year.

Pippa Middleton takes supermarket job

Pippa Middleton, the younger sister of Prince William's wife Catherine, has signed a deal to write for the in-house magazine of a British supermarket, it announced on Monday. The 29-year-old, who shot to fame when she was a bridesmaid at the royal wedding in 2011, will share her tips on entertaining for friends in a monthly column for upmarket supermarket Waitrose. In a statement, she said she was "delighted" at her new job at the magazine, for which she is the cover star for the April issue.

Energy stocks and retailers nudge Britain's FTSE higher

* FTSE up 0.2 percent * Shell rallies as BP backs Brent Crude reforms * Retailers rally, Tesco upgraded by Exane * Ocado bolstered by rehashed bid speculation * Barclays gains ahead of results * ARM falls as big seller hits By David Brett
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