Mutually-owned Coventry Building Society and Manchester-based Co-operative Bank announced on Thursday afternoon that “non-binding heads of terms have been agreed for a potential acquisition of…

Manchester-based Co-op Group said its 2023 profit before tax fell almost 90% to £28 million as the mutual’s group revenue fell £200 million to £11.3…

Manchester-based Co-op Group, the UK’s largest consumer co-operative, has announced its growth plans as it looks to increase the number of its member-owners from 5 million…

Manchester-based mutual giant Co-op Group announced big board changes, with Debbie White becoming chair and Moni Mannings and Luke Jensen appointed as independent non-executive directors. White succeeds Allan…

Coventry Building Society announced it has entered into an “exclusivity agreement in relation to a possible offer” for Manchester-based Co-operative Bank Holdings Limited. Such a deal…

Coventry Building Society has made a non-binding offer for Manchester-based Co-op Bank that values the lender at more than £700 million, according to London media…

Leeds-based supermarket giant Asda announced it has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07 billion. “Buying the EG…

Manchester-based Co-op Group said its revenue slipped £200 million to £5.4 billion in the 26 weeks to July 1, 2023, despite a 55% increase in new…

A major study by the Manchester-based Co-op Group and children’s charity Barnardo’s has found that young people are “turning away from higher education” as the…

Manchester-based Co-op Group said it has appointed Debbie White as chair designate. “Debbie brings a wealth of business and commercial experience and will succeed Allan…

Manchester-based Co-op Bank said its underlying profit before tax rose about 28% to £35.1. million in the three months ended March 31, 2023. Co-op Bank said its…

Manchester-based Co-op Bank is in the early stages of exploring strategic options — including mergers and acquisitions, a sale of the bank and an initial…

Manchester-based Co-op Group said it aims to attract one million active new members over the next five years as it announced its revenue rose 3% to £11.5…

Co-op Group announced the appointment of Rachel Izzard as Chief Financial Officer and a member of the Co-op Group Board. Izzard has held a number of senior…

Manchester-based Co-operative Bank has reported profit before tax of £132.6 million for 2022, an increase of £101.5 million. Total income, which includes net interest income and…

Manchester-based Co-op Group has announced that many of its “Best Before” dates on fresh fruit and veg are set to disappear as it axes the…

Manchester-based Co-operative Group Limited announced in a stock exchange statement it will “vigorously” defend a £450 million claim that has been issued against it. “Co-operative…

Manchester-based Co-op Group announced the completion of the sale of its non-core petrol forecourt business to Leeds-based Asda for an enterprise value of £611 million. The acquisition…

Manchester-based Co-op Group said on Thursday its first-half revenue was flat at £5.6 billion for the 26 weeks to July 2, 2022, while underlying EBITDA fell to…

Manchester-based Co-op Group has announced a new leadership structure for its convenience and wholesale operations. After six years with the Co-op, with over five years as…

Manchester-based Co-op Group announced it has sold its petrol forecourt estate to Leeds-based Asda for an enterprise value of £600 million. The Co-op said the enterprise value…

Manchester-based Co-op Group is in talks to sell 130 of its petrol stations for about £450 million as it seeks to reduce its debts, according…

Manchester-based Co-op confirmed on Tuesday that Shirine Khoury-Haq has been appointed as group CEO on a permanent basis.   Co-op appointed Khoury-Haq, formerly group CFO and CEO…

The Co-op Group announced it is planning to cut around 400 jobs at its head office in Manchester. A spokesman for the Co-op said: “At our last…

Manchester-based Co-op Group said on Thursday its 2021 revenue was up £300 million against pre-pandemic levels to £11.2 billion but down slightly year-on-year from £11.5 billion in…

Manchester-based Co-operative Bank Finance announced it priced its issue of green MREL-eligible £250 million fixed rate reset callable notes due 2027. MREL stands for “Minimum Requirement for…

Manchester-based Co-operative Bank Finance has announced it will begin marketing £200 million of potential green bonds. “The Co-operative Bank Finance p.l.c. will today begin marketing a…

Manchester-based Co-op Group announced that CEO Steve Murrells will step down following this year’s AGM in May and that it has appointed Shirine Khoury-Haq, group CFO and…

Manchester-based Co-operative Bank — recently rebuffed by Spain’s Banco Sabadell in an audacious £1 billion approach for its TSB Bank subsidiary — on Friday posted a third…

(Updates with Monday statement from Co-operative Bank) Spain’s Banco Sabadell confirmed at the weekend that its board has rejected an audacious offer for its subsidiary TSB Bank…

Manchester-based Co-op Group revealed a new partnership with Amazon and an acceleration of robot deliveries as it announced its first-half 2021 revenue slipped to £5.6 billion from £5.8…

Manchester-based Co-operative Bank said on Thursday it is on track for a return to “sustainable profitability” as it published results for the six months ended June…

Manchester-based Co-op Group has announced it will stop selling plastic “bags for life” because many shoppers use them only once and they have become almost as big…

Manchester-based Co-operative Bank said on Wednesday that US private equity firms J.C. Flowers and Bain Capital Credit agreed to buy a stake in the self-styled…

Manchester-based Co-op Group said on Thursday its revenue for the year to January 2 rose 5.5% to £11.5 billion and underlying profit before tax rose 37.3% to £92 million….

Manchester-based Co-operative Bank, which recently ended talks on a possible sale of the company,  said on Thursday it made a statutory loss before tax £103.7 million in…

Manchester-based Co-operative Bank said on Monday it has ended talks on a possible sale of the company. Co-op Bank has declined to comment on reports…

Manchester-based Co-operative Group said on Wednesday it entered into a 13-year partnership agreement with Markerstudy Group for motor and home insurance products and has sold…

Manchester-based Co-operative Bank said on Tuesday the Prudential Regulation Authority (PRA) confirmed a reduction in the bank’s Individual Capital Requirement (ICR) following its standard Supervisory…

Manchester-based Co-operative Bank said on Friday it successfully closed the issue of its £200 million fixed rate reset callable notes due November 27, 2025. “The…

Manchester-based Co-operative Bank said on Tuesday it has received an approach “regarding the possibility of a sale of the bank and/or the holding company.” Co-op…

Manchester-based Co-operative Bank said on Friday it narrowed its loss in the first nine months of the year. Loss before tax was £68.1 million for…

Manchester-based Co-operative Bank plc said on Tuesday it appointed its chief financial officer Nick Slape to the role of chief executive officer, effective October 31,…

Manchester-based Co-operative Bank plc said on Tuesday that Andrew Bester intends to step down as its chief executive officer and as a director of its…

Manchester-based Co-op Group said on Thursday its half-year revenues increased 7.6% to £5.8 billion for the 26 weeks to July 4 “driven by exceptional performances…

Manchester-based Co-op Group said on Friday it will create 1,000 jobs with new store openings and the extension of existing shops. Co-op Group said it…

Manchester-based Co-operative Bank plc on Tuesday announced proposals to cut around 350 jobs and close 18 branches. “Aside from the specific branches affected, the reduction…

Unite the union has expressed anger at the decision of Manchester-based Co-op Insurance to sell the entire business to Kent-based Markerstudy, which the union claimed…

Manchester-based Co-operative Bank plc said on Thursday it made a statutory loss before tax of £44.6 million in the six months ended June 30, 2020,…

The John Lewis Partnership said on Wednesday it appointed Co-op Group deputy chief executive Pippa Wicks as the boss of its department stores division. Wicks,…

Manchester-based Co-operative Bank said on Wednesday the impact of Covid-19 negatively affected its statutory loss before tax by about £12 million. In a first quarter…

Manchester-based Co-op Group said on Friday its revenue grew 7% to £10.9 billion in the 52 weeks to January 4, 2020. And the mutually-owned group said…

Manchester-based retail giant Co-op Group said on Thursday it plans to create 5,000 store-based jobs “in a bid to provide temporary employment for hospitality workers who…

Law firm Addleshaw Goddard said on Tuesday its banking team advised Manchester-based Co-op Group on the renewal of its £400 million banking facilities with a…

Manchester-based Co-operative Bank said on Thursday its third-quarter loss before tax increased 36% to £118.6 million, primarily reflecting a PPI (payment protection insurance) charge of £60…

Manchester-based Co-op Group said on Thursday its first-half sales increased 12% to £5.4 billion but it warned a “no deal” Brexit would create “an increased risk…

Manchester-based Co-operative Bank plc said on Thursday it narrowed its statutory loss for the six months to June 30 to £38.5 million from a £39.5…

Manchester-based Co-op Group said on Tuesday it raised £300 million via a sterling-denominated “Sustainability Bond.” The five-year bond was priced at 5.125% and was two times…

The brand value of Manchester-based Co-op Group has soared 45% to £2.05 billion, according to the 2019 Brand Finance UK 150 report by consultancy Brand Finance. The report…

Manchester-based Co-op Group said on Friday its 2018 revenue grew 14% to £10.2 billion, driven by its acquisition of Nisa and a strong performance from its…

The UK’s Groceries Code Adjudicator (GCA) Christine Tacon has ordered the Manchester-based Co-op Group to introduce major changes to its governance, systems and processes after…

Manchester-based Co-op Group said on Friday it agreed to sell its insurance underwriting business, CIS General Insurance Limited, to Markerstudy for about £185 million. Co-op Group said…

Manchester-based Co-operative Bank announced on Wednesday the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid…

Manchester-based Co-operative Bank plc on Tuesday announced an update on its trading performance so far in 2018 as the self-styled “ethical bank” continues to recover from…

Manchester-based Co-op Group said its first-half sales increased 10% to £5 billion, driven by a strong food sales performance and the acquisition of Nisa. Group…

Manchester-based Co-operative Bank plc said on Friday that Tom Wood, its chief financial and restructuring officer, “has decided to step down from his position following…

Manchester-based Co-operative Bank announced on Monday the appointment of former Lloyds Banking Group executive Andrew Bester as its new chief executive officer. Co-operative Bank said in…

The UK’s Competition and Markets Authority (CMA) has cleared the £137.5 million purchase of Scunthorpe-based Nisa Retail Limited by the Manchester-based Co-op following an investigation. “After closely examining all…

Manchester-based Co-op Group said it made 2017 profit before tax of £72 million following a loss of £132 million in 2016 that reflected the write down of…

Manchester-based Co-operative Bank said on Wednesday it made a loss before tax of £174.4 million in 2017 compared to a loss before tax of £477.1…