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Co-op group posts record �2.5bn loss in 'disastrous year'
The Co-operative Group said 2013 was a �disastrous year� with losses of �2.5bn, the worst in its 150 year history. Richard Pennycook, interim group chief executive, said Britain's largest mutual faced �serious challenges� as its core food operation reported ...
Co-operative Group Reports Huge Loss  
Reporters: Ben Morris and Howard Mustoe  
Market Chart
6,612.76 +28.59 (0.43%)
15,896.02 +150.04 (0.95%)
3,548.35 +17.94 (0.51%)
3,062.78 +35.16 (1.16%)

Top stories

LONDON (Reuters) - Royal Bank of Scotland said on Thursday that an independent review by law firm Clifford Chance has found no evidence that it set out to defraud its business customers.
... �. * FTSE 100 down 0.1 pct. * Diageo falls after posting lower sales. * RSA buoyed by sale of Baltics, Poland operations. * London stock market closed on Friday and Monday.
Mulberry has announced a dramatic U-turn, promising to cut the prices of its high-end handbags as the luxury leather brand issued its fourth profit warning in two years.
Volatility in a number of key emerging markets, including China, Russia and Kenya, is causing a major headache for Diageo's new chief executive, Ivan Menezes, as the drinks giant reported a shock 1.3pc slide in third quarter sales.
Mr Flowers was arrested in November following newspaper allegations he was involved in a drug deal. He had stepped down from the Co-op six months earlier over concerns about his expenses.

Trends

Popular searches on GoogleChange Mkt Cap
CPBB Co-operative Bank plc
BLUR Blur Group PLC -37.02% 84.45M
CAZA Caza Oil & Gas, Inc 10.92% 19.53M
MUL Mulberry Group PLC -1.34% 419.98M