Category Archives: Co-operative Group

News received about East of England and Midcounties co-operatives

In a recent post we quoted MEP Molly Scott Cato: “The Co-operative shops have not been as successful in(sourcing locally) as I would like because of their centralised distribution system, but my own Midcounties Co-op has been building up its … Continue reading

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Could this MEP’s co-operative vision mitigate one of the Group’s most serious mistakes: the sale of its farms?

In 2014 the Co-operative Group sold its ‘strong and successful’16,000ha farms (£7m profit during the last year) for a mere £249m to the Wellcome Trust. Danny Truell, chief investment officer of the trust said, “The trust’s philosophy is to provide … Continue reading

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The  sale of the Co-operative Bank

News of the sale of the Co-operative Bank was a shock to its customers. In the Guardian Patrick Collinson, ‘money editor’, summarised the situation: the Co-op Bank is the only UK high street bank with a customer-led ethical policy, covering … Continue reading

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Business Desk reports on Richard Pennycook’s CBI address

The Co-operative Group has 2,800 local, convenience and medium-sized stores and other businesses: the UK’s number one funeral services provider, a major general insurer and a developing legal services business. It also has a minority shareholding in The Co-operative Bank … Continue reading

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Investment boutique Rothschild advises Co-op Group, Members Council ‘toothless’

In August some disturbing news was published in the Letters columns of the Co-operative News. The first letter, from Robert Jones of Chelmsford, deplored a lack of co-operation leading to competition between co-operatives; the second came from John Macbeth, Stoke-on-Trent … Continue reading

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The independent difference: Midcounties Co-operative

After reading the last post, a concerned co-operator sent word that he was pleased to say the Midcounties was different. Members did get to vote on the report at the AGM and decide on how much to donate to the … Continue reading

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Co-operative Group announce some drivers will be transferred to Eddie Stobart; bad management alleged

The Group’s board has announced that some drivers will be transferred to Eddie Stobart and 85 staff at the Coventry national distribution centre were told they could be moved to the private haulier in April. The Group currently operates around 3,000 … Continue reading

Posted in Co-operative Group, Co-operative News, Employee buyouts, Employee ownership, Problems, Worker co-operatives | Tagged , , | 1 Comment

Co-operative Group own goal?

Andrew Bounds of the FT reports that the Co-operative Group has appointed two non-executive directors with public company experience: Peter Plumb, chief executive of Moneysupermarket.com, and Stevie Spring [right], chair of the Inspired Thinking Group [ITG Group]. Previously all 20 directors … Continue reading

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Co-op Group‘s judgment questioned; choice of director an ‘own-goal’ ?

Andrew Bounds in the Financial Times [May 14] reports that the Midcounties, a large independent society which owns part of the Co-op Group, has strongly criticised the board over the “untransparent” process of nominating and electing new directors, replacing the board … Continue reading

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Is the Co-operative Group heeding Professor Lang’s advice?

In short: “We have got to re-design the whole food system because frankly it is environmentally crazy”. In 2013, Susan Press in the Co-operative News reported a challenge issued by Professor Tim Lang, Head of City University London’s Centre for … Continue reading

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