Rise Concerns
Co-op reveals profits rise but has concerns for the future
The Co-operative Group has today issued half year results which show a 17% rise in profits from £221 million over the corresponding period last year up to £260 million this year. There was a 12.6% increase in profits from its supermarket division even though there were distribution issues with regards to the integration of the Somerfield acquisition. However, it is the company’s comments about the immediate future of the UK economy which have caught the eye.
The company itself has expanded not only the supermarket division but also its financial services operation which has given the Co-operative Group a larger base in the UK. However, the downturn in the UK economy is hitting all areas of UK business and no one company is immune from the financial difficulties being felt by many consumers in the UK. As
Popular Posts
- Foreclosures Can Have Lasting Credit Effects
- Weekly Review-Giveaway, Deadly sins, Debt busters and more
- Is Your Identity at Risk from Friends and Family?
- Why the Duel Between Obama and Wall Street Over Elizabeth Warren Isn’t Only About Her
- Green Shoots at Last: Small Business Lending Finally Starting to Thaw
- Rule of Law: Why We Need to Freeze Foreclosures
- How the Foreclosure Mess Could Cause Banks to Crash
- Walking Tall: Illinois Sheriff Refuses to Evict Homeowners
- Nick Clegg appeals to Liberal Democrat party faithful
- $4 Gasoline, Again
- Bank of America to Eliminate Overdraft Fees
- Capital One Rewards Catalog 2011 Is Here
- Dollar Matters: It’s for the Kids Edition
- SmartPhone Apps For Personal Finance
- UK motorists warned of fuel price rise
Similar Posts
- Tesco looks to expand financial division
- Connaught calls in the administrators
- Norwich and Peterborough building society in the headlines
- Redbox Runover in the Works?
- April Jobs Report Could Have Big Impact On Stocks
- DIY Credit Repair: How to Spot a Credit Repair Scam
- Financial fluxes with bookkeeping services
- The Ins and Outs of Retirement Accounts, Part 1: The 411 on 401(k)s
- New Home Sales Rise
- Learning More About the Basics of Retirement Planning
- Hackers Claim Sony Hit with Second Massive Data Breach
- Unemployment Report Bad News for 2011 Economy Recovery
- Bank of America to Eliminate Overdraft Fees
- Foreclosures Can Have Lasting Credit Effects
- Is it time to review your car insurance?