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  1. July 18, 2014

    Cash-and-carry group Bestway to buy Co-op pharmacies for £620m

    The Co-operative Group has agreed to sell its pharmacy business to cash-and-carry giant Bestway for £620m, as the UK mutual...

  2. June 6, 2014

    Bibby Line backs expansion for Costcutter stores

    Bibby Line, the 200-year-old family business behind the Costcutter chain of stores, is planning to reinvest some of its...

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  1. June 5, 2014

    Co-op model: shambles or solution?

    When separate reviews found that the UK’s largest co-operative had suffered “deplorable governance failures” and a board...

  2. May 19, 2014

    Co-op’s longest serving director joins board exodus

    The Co-operative Group‘s longest-serving director has resigned after an historic vote to reform its governance, the fifth...

  3. May 17, 2014

    Co-operative by name, co-operative by nature

    In the end, they were. Co-operative, that is. A small cadre of activists voted for reform principles that give the...

  4. May 17, 2014

    Co-operative Group agrees to reform

    The Co-operative Group has agreed to reform the way it is run after a year of scandals and record losses that its boss...

  5. May 16, 2014

    Co-operative lobby group fights Myners’ plan to eject lay members

    The battle for the future of the Co-operative Group has intensified ahead of the annual meeting on Saturday, as a powerful...

  6. May 13, 2014

    Lidbetter voices fears if Co-op Group reforms are rejected

    The chairman of the struggling Co-operative Group said she would be “very concerned” about the reaction of its lenders if...

  7. May 13, 2014

    How a proud corporate history can lead to poor governance

    Only a few pages into Lord Myners’ report on the UK Co-operative Group, I had the feeling I had read this before. Soon after...

  8. May 11, 2014

    Alibaba in the land of disempowered owners

    In the English-speaking countries, dispersed ownership has long posed problems for oversight and control of quoted...

  9. FT Alphaville

    May 9, 2014

    The (early) Lunch Wrap

    Good morning New York, FT ALPHAVILLE As news of defaults filter out from China, David asks: won’t somebody think of the...

  10. May 9, 2014

    Top shareholders back Co-op Bank capital raising

    Investors have expressed confidence in the recovery of the Co-operative Bank by subscribing to a fresh capital raising that...

  11. May 8, 2014

    Co-op AGM agenda fails to address ‘dysfunctional’ governance

    None of the six motions the Co-operative Group’s elected representatives have tabled for discussion at its annual general...

  12. May 7, 2014

    Lord Myners finds culture of fear and mistrust in Co-op boardroom

    “Fear and loathing in the boardroom” could be the subtitle of Lord Myners’ review of governance at the Co-operative Group....

  13. May 7, 2014

    Appearing unique is the big test for challenger banks

    The name Kent Reliance oozes respectability. Branding consultants might have picked it out in a crowd as a way to sound...

  14. May 7, 2014

    Former Co-op Bank boss Paul Flowers fined £400 over drugs charges

    Paul Flowers, the former chairman of the Co-operative Bank and an ex-Methodist minister, has been fined £400 and ordered to...

  15. May 7, 2014

    Co-op faces fight over governance overhaul

    The Co-operative Group faces a fight over plans to overhaul its governance, despite a warning that it will fade into...

  16. May 5, 2014

    The failures at Co-op are not a one-off

    The recent history of Britain’s Co-operative Group is so peculiar it is tempting to paraphrase the opening lines of Anna...

  17. April 29, 2014

    Co-operative Group loses fourth director

    The crisis-hit Co-operative Group has lost its fourth director in three weeks after a member of the board was asked to leave...

  18. April 28, 2014

    Why must financiers meditate in secret?

    Iam sitting in a packed conference room, somewhere in the heart of London’s financial centre, in an office I have sworn not...

  19. April 27, 2014

    Huntsworth poised to name Lord Myners as chairman

    Huntsworth, one of the UK’s biggest independent public relations companies, is poised to name Lord Myners as chairman, just...

  20. April 24, 2014

    The Co-op, the bananas and the £2.5bn loss

    At this month’s Co-operative Group board meeting to approve the mutual’s 2013 accounts, its executives were braced for a...

  21. April 24, 2014

    Power struggles tear at the heart of ‘ungovernable’ Co-op

    It took Lord Myners less than 30 minutes to realise the extent of the struggle he would face to reform the Co-operative...

  22. April 24, 2014

    Maul of the same growls on pay for Barclays’ Jenkins

    And lo, a day of judgment came upon “Saint” Antony Jenkins of the house of Barclays. He was cast among ravening lions – the...

  23. April 21, 2014

    Don’t write off the co-op model yet

    There’s a shop called the Co-op in the high street, by gum it’s a great idea! For out of what you spend, you get a dividend,...

  24. April 20, 2014

    Co-op backers send in top troubleshooter

    Six major UK banks that lend to the Co-operative Group have sent a troubleshooter into the lossmaking mutual, in an attempt...

  25. April 18, 2014

    Lidbetter preaches sweeping Co-op reform

    The director responsible for driving through sweeping reforms of the Co-operative Group has likened the challenge to...

  26. April 17, 2014

    Co-op: cannonade against the commissars

    The Co-operative Group is good at arranging funerals. Just as well. Pessimists say it may need to arrange its own. The...

  27. FT Alphaville

    April 17, 2014

    Leasing out mutuality

    Sale and leaseback transactions represent an expensive addiction the cost of which does not appear, even now, to be fully...

  28. April 17, 2014

    Co-op posts £2.5bn loss forcing a renegotiation of loan terms

    The Co-operative Group was forced to renegotiate its borrowing terms to avoid a damaging breach of its covenants after its...

  29. April 16, 2014

    Ex-Co-op Bank chairman Paul Flowers charged with drug offences

    Paul Flowers, the former chairman of the Co-operative Bank and a Methodist minister, has been charged with possession of...

  30. April 15, 2014

    Co-op pushed to adopt softer reforms

    The Co-operative Group is coming under increasing pressure to adopt a watered-down version of radical governance reforms...

  31. April 13, 2014

    Co-operative Group to reveal £2bn-£2.5bn pre-tax loss

    The Co-operative Group will highlight the urgency of sweeping governance reforms this week as it reveals the extent of its...

  32. April 11, 2014

    Co-operative Bank: keystone co-ops

    Last year at the UK’s Co-operative Bank: a brief review. A £1.3bn pre-tax loss. A serious capital shortfall, resolved only...

  33. April 11, 2014

    Co-op Group suspends board member over erroneous qualifications

    The Co-operative Group has suspended one of its board members over allegations that he claimed to be a chartered accountant...

  34. April 11, 2014

    Co-op Bank chief Booker in line for £4.6m

    The Co-operative Bank is paying its chief executive four times as much as his predecessor, highlighting the dramatic steps...

  35. April 10, 2014

    MPs back members amid resignation fallout

    Labour and Co-operative MPs lined up to defend members of the Co-op Group on Thursday, as they abandoned the former Labour...

  36. April 10, 2014

    The Co-op: caught in a time warp

    The Co-operative Group has been a feature of Britain’s corporate landscape for so long that its way of doing things has...

  37. April 10, 2014

    Myners’ resignation points to fractious atmosphere at Co-op

    The sharp-suited Lord Myners with his City of London credentials was always going to sit uneasily with the ethos of the...

  38. April 10, 2014

    Co-op Bank to withhold bonuses from former executives

    The Co-operative Bank will refuse to pay millions of pounds of bonuses to former executives as it attempts to take the sting...

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