Co-op sees profits surge but cautions over rising costs

The Co-operative Group has agreed to sell its 129-strong petrol forecourt chain to supermarket giant Asda in a deal worth £600 million (Co-op/PA) -

The Co-operative Group has seen annual profits jump higher, but warned it will face more than £200 million in costs and spending pressures over the year ahead.

The member-owned mutual said it was bracing for “new headwind and investment costs” in 2025 but would make “active choices” to support staff and customers members amid cost-of-living challenges.