Search Results for co-op group


Regulator probes Co-op on supplier treatment

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…







£137m Co-op offer recommended by Nisa board

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…


Co-op half-year revenue steady at £4.6bn

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…


Co-op Bank CFO leaves after restructuring

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…


Co-op in exclusive talks to buy Nisa for £140m

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….







Co-op Bank puts itself up for sale

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…


Murrells to succeed Pennycook as Co-op CEO

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…


Asda makes big changes to executive team

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…


Nisa Xmas period sales up 18% to £277m

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…




Dechra executive director Griffin to leave

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…








Carr’s of Carlisle appoints new directors

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…



Regulator investigates Deloitte audits of Go-Ahead

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…

















McColl’s deal to take Morrisons wholesale to £1bn

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…


Virgin Money profit up 41% to £194m in digital push

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…