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The Latest Breaking News from The Cooperative Group

More farming co-operatives could ‘unleash growth’ in UK, finds report

Greater agricultural collaboration can improve food security and resilience to global crises, says policy paper

The Guardian - UK

Demand for UK government debt falls as political risks spook bond market – as it happened

UK bond yields have risen today, as an auction of government debt received only weak demand. Economists blame policy uncertainty.

The Guardian - UK

Co-operative reveals ‘malicious’ cyber attack cost retailer £206m in lost revenue

The cyber attack led to widespread disruption including empty shelves and payment issues for shoppers

The Independent UK

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Co-operative reveals £80m earnings hit from ‘malicious’ cyber attack

The retailer said the attack in April impacted sales by about £206 million, which left it with an £80 million blow to earnings over its first half.

Evening Standard

Compensation for worker sacked for allegedly making ‘Michael Jackson-style noises’

IN FULL

The Independent UK

Co-op sees profits surge but cautions over rising costs

The member-owned mutual reported pre-tax profits of £161 million in 2024, up from £28 million in 2023.

Evening Standard

Britain’s corner shops survived a pandemic and competition from supermarkets – now they are expanding

It seems like they have always been there, on the street corner, open long hours and available whenever we need a pint of milk.

The Conversation

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Co-op bank brand may disappear within years in Coventry Building Society deal

New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers

The Guardian - UK

Invest in childhood to unlock £45.5bn a year, says Princess of Wales’s taskforce

Report from group set up by Catherine says business can improve early years and benefit all of society

The Guardian - UK

Coventry Building Society makes £780m offer for Co-operative Bank

Tentative offer follows four months of talks and could create new banking group with almost 5m customers

The Guardian - UK

Co-operative Bank to axe 400 jobs in bid to cut costs

Lender says move is unrelated to takeover talks with Coventry Building Society

The Guardian - UK

Co-op's landmark city centre HQ is put back up for sale

The building includes an auditorium, restaurant, convenience store, coffee shop, gym and fitness studio, as well as several roof terraces

Manchester Evening News

Sale of Co-op's HQ relaunched with asking price cut by £45m

The building was first put on the market in June 2022

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