Major turnaround at the Co-op with profits up by 25%
The Co-op saw a major turnaround in its fortunes over the last 12 months and has managed to turn a £132m loss into profits of £72m.
The Manchester based organisation has endured a torrid couple of years due to the challenges of the retail sector and problems with its banking arm.
The losses the previous year were largely due to a write-down on the Co-Op Bank but this year’s final results make encouraging reading.
And the recovery plans put in place are starting to bear fruit which is reflected in the fact members will sha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
