Co-op food names two top managers to cover chief executive’s family-orientated career break March 31, 2022 Two new co-managing directors have been appointed to the Co-Op’s food business, while its chief executive takes a career break to support her childrens’ education. The mutual’s current chief operating officer and chief commercial officer, Chris Whitfield and Matt Hood, are set to assume a joint role while Jo Whitfield takes four months off, from [...]
Co-op bank turns corner as net lending tops £2bn November 5, 2021 The Co-operative bank has published a healthy set of financials for the first nine months of the year after turning a loss in 2020. The bank reported statutory profit before tax of £28.5m and underlying profit of £24.9m, a marked improvement on last year when the bank saw a loss of £68.1m before tax. The [...]
Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
Man behind O2 Arena plots rival London venue April 21, 2024 The American businessman behind Manchester’s new £365m Co-op Live arena is considering building a second glitzy venue in the UK, this time in Hammersmith, arguing the capital is underserved by its current entertainment options.
Chief exec of Co-op Food to take months off role to ‘spend more time’ with sons during exams February 9, 2022 The boss of Co-op’s convenience food business is to temporarily step away from her role to help her sons through their exams. Jo Whitfield, the chief executive of Co-op Food, will take time off for four months from May. Day-to-day responsibilities will be taken on by group CEO Steve Murrells. Co-op Food includes the operation [...]
Co-op sales fall 3.2 per cent amid food shortages September 16, 2021 The Co-op has warned that full year profit could be hampered by ongoing supply chain issues after sales fell by 3.2 per cent in H1 2021. Group revenue stood at £5.6bn for the first half of the year, up 4.2 per cent compared to pre-pandemic levels, but a cut below the heights seen last year [...]
UK competition watchdog to investigate Central England Co-op funeral deal August 16, 2021 The Competition and Markets Authority (CMA) will investigate the deal by the Central England Co-op to snap up part of its rival in the funeral care business, the Midcounties Co-op. The UK competition regulator said today it is considering whether the merger deal “may be expected to result in a substantial lessening of competition” within [...]
Co-op introduces support for staff affected by pregnancy loss June 25, 2021 Co-op has introduced new measures to support its employees and their partners that have been affected by pregnancy loss. Created in partnership with the Miscarriage Association, the new dedicated pregnancy loss policy was designed to support employees affected by miscarriage, stillbirth, embryo transfer loss, molar pregnancy and termination of pregnancy for any reason. Co-op’s announcement [...]
Co-op sales fall 3.2 per cent amid food shortages – CityAM : CityAM September 16, 2021 The Co-op has warned that full year profit could be hampered by ongoing supply chain issues after sales fell by 3.2 per cent in H1 2021. Group revenue stood at £5.6bn for the first half of the year, up 4.2 per cent compared to pre-pandemic levels, but a cut below the heights seen last year [...]
Co-op chief: Brexit and Covid have caused the ‘worst food shortages I have ever seen’ August 26, 2021 The boss of one of the UK’s biggest retailers has warned that current food shortages are at a “worse level” than he has ever seen. Steve Murrells, chief executive of the Co-operative Group, said the retailer has significantly reduced its range of some products to help serve customers. He told the Times newspaper: “The shortages [...]