Co-op Bank loss narrows to £174m amid recovery
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…
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…
The UK supermarket regulator has launched an investigation into the Manchester-based Co-op Group over its treatment of suppliers. The Co-op said it had “fallen short” and…
The UK’s Financial Conduct Authority (FCA) said it has banned the former chairman of Manchester-based Co-operative Bank plc Paul Flowers from the financial services industry….
Manchester-based Co-operative Bank plc said it will appoint Bob Dench as chairman effective March 14, 2018, succeeding Dennis Holt who is retiring in May 2018….
The Co-op has announced plans to open 100 new food stores across the UK in 2018, creating 1,600 jobs. The Manchester-based community retailer will invest…
The Co-op and Costcutter Supermarkets Group (CSG) confirmed an agreement that will see Co-op become exclusive wholesale supplier to CSG and the 2,200 Costcutter, Mace,…
Members of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, voted narrowly in favour of Manchester-based Co-op Group’s offer to buy Nisa for…
The board of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, has unanimously recommended to its shareholders an offer of up to £137.5…
Manchester’s Co-op Group said revenue fell slightly to £4.6 billion in the 26 weeks ended July 1 compared to £4.7 billion at the same stage last year…
Manchester-based Co-operative Bank said its chief financial officer John Worth is leaving the bank following the completion of its restructuring and recapitalisation earlier this month. “John…
Manchester’s Co-op Group has begun exclusive talks with Scunthorpe-based convenience grocer Nisa to discuss a possible deal to buy the mutually-owned retailer for up to £140 million….
Manchester-based Co-operative Bank said on Thursday its losses before tax narrowed to £135.2 million in the six months to June 30, 2017, from £177 million…
The troubled Manchester-based Co-operative Bank said on Wednesday it agreed a complex £700 million rescue package with its major investors that would shore up its…
Troubled Manchester-based Co-operative Bank said on Monday it has dropped plans for a sale and will continue its “advanced” discussions with a group of existing investors…
Manchester-based Co-operative Bank on Monday confirmed that it is in “advanced discussions with a group of existing investors with a view to a prospective equity…
The Co-op Group, based in Manchester, said its operating profit rose 32% to £148 million on revenues up 3% to £9.5 billion in the year to December 31. However, the mutual recorded a…
The Co-operative Bank, rescued from near collapse by hedge funds in 2013, said it has put itself up for sale amid a neeed to build its capital…
The Co-op Group, based in Manchester, said Richard Pennycook is to step down as group CEO and will be succeeded by Steve Murrells, currently CEO of the Co-op’s food…
Leeds-based supermarket giant Asda has announced major changes to its executive leadership team. Ken Towle of Nisa will join Asda’s executive leadership team later in…
Scunthorpe-based Nisa Retail, currently being acquired by Manchester-based Co-op Group, said its sales rose 17.7% to £277 million over the Christmas period — the 10 weeks…
Leeds-based supermarket giant Asda said its 2023 adjusted EBITDA after rent, its preferred profit measure, rose 24% to £1.08 billion as its total sales, excluding fuel, climbed…
Leeds-based supermarket giant Asda announced it will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate…
Cheshire veterinary drugs giant Dechra Pharmaceuticals announced that Tony Griffin will step down as an executive director of the company after 12 years of service, with…
Leeds-based supermarket giant Asda has updated investors on its Q3 trading performance covering the three months to the end of September 2023, reporting revenues of £5.4…
Aberdeen-based global engineering firm John Wood Group said it is working with Centrica Storage to evaluate the feasibility of transforming its Easington gas processing terminal in…
Salford-based investment platform giant AJ Bell plc has announced the appointment of Fiona Clutterbuck as the non-executive chair of the company with effect from May…
Manchester-based online holiday retailer On the Beach Group plc (OTB) said THG executive Jon Wormald will join the firm on June 30 as group chief financial officer…
By Mark McSherry Shares of Alderley Park-based Redx Pharma fell about 15% on Monday after it announced that its $425 million all-share merger agreement with…
The UK’s Competition and Markets Authority (CMA) said it has imposed fines totalling over £2 million on Bury-based FTSE 100 retailer JD Sports Fashion plc,…
Carlisle-based agriculture and engineering firm Carr’s Group announced that First Milk CEO Shelagh Hancock and AG Barr finance director Stuart Lorimer have been appointed as independent…
The UK’s Competition and Markets Authority (CMA) said on Tuesday it has provisionally found that Bury-based FTSE 100 retailer JD Sports Fashion plc as well…
By Mark McSherry The UK’s Financial Reporting Council (FRC) said on Tuesday it has commenced an investigation into Deloitte’s auditing of Newcastle-headquartered international bus and rail giant…
Manchester-based Bank North, the new regional business bank for small and medium enterprises (SMEs), has made a raft of executive appointments as it ramps up…
Lancashire Cricket announced that Navin Singh — the commercial director for The Football Association (The FA) — has been “co-opted” as a non-executive board member…
Liverpool Football Club said its plans for the proposed redevelopment of the Anfield Road Stand have been given the green light by Liverpool City Council’s…
The UK’s Financial Conduct Authority (FCA) announced on Tuesday it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) — formerly Royal Bank of…
Wakefield-based video game developer Team17 Group on Thursday published a trading update for the year ended December 31, 2020, saying it will deliver year on year revenue and…
Wakefield-based video game developer Team17 Group said on Thursday its revenue grew 28% to a record £38.8 million in the six months ended June 30, 2020, with profit…
Alliance Manchester Business School said on Friday it will host a new institute funded by the UK’s Economic and Social Research Council (ESRC) to make…
Rotherham-based property and land regeneration firm Harworth Group said on Thursday it appointed Lynda Shillaw of Town Centre Securities to succeed Owen Michaelson as Harworth’s…
The Lausanne-based Court of Arbitration of Sport (CAS) said on Monday it has overturned Manchester City’s two-year UEFA ban from European football. CAS ruled that Manchester…
Shares of Wakefield-based video game developer Team17 Group rose almost 5% on Tuesday after it published a trading update ahead of results for the six months ended June…
Bradford-based supermarket giant Morrisons said on Tuesday its group like-for-like (LFL) sales excluding fuel were down 1.7% for the 22 weeks to January 5 — but it…
Shares of Blackburn-based tissue maker Accrol Group rose about 4% on Tuesday after it said it had carried out a “successful and rapid turnaround” of the…
Shares of Manchester-based car dealership Lookers plc have lost almost a quarter of their value in the past two days following its announcement that the…
Shares of embattled Bradford-based subprime lender Provident Financial rose about 7% on Tuesday as it strengthened its board with the appointment of Patrick Snowball as chairman and…
Shares of sub-prime lender Provident Financial plummeted more than 70% after it issued a second profit warning in roughly two months and said its CEO Peter…
Bradford-based supermarket group Morrisons announced a long-term wholesale supply initiative with convenience retailer McColl’s which it said will take its wholesale supply sales eventually to more than…
Newcastle and Edinburgh-based challenger bank Virgin Money said its 2016 statutory profit before tax increased 41% to £194.4 million and its gross mortgage lending grew 12% to £8.4 billion, giving it…