Co-op Group posts £559m losses
The Co-operative Group has recorded pre-tax losses of £559 million for the first six months of the year. Its banking arm lost £709.4m, wiping out profits from its supermarkets.
Co-op chief executive: There are no quick fixes
The Co-op Group chief, Euan Sutherland, has acknowledged that the first half of this year has been "difficult" but insisted the plan to restore the banking arm to health remains on track.
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