Category Archives: Problems

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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Failing housing market – a co-operative solution?

Update In June the Co-operative News informed readers that the UK Co-operative Economy 2016 report records – in eye-catching graphics – that around 17.5 million people are now owners of the country’s 7,000 independent co-op organisations – up from 17.4 million … Continue reading

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Save Our Bank – 2

An update from Save Our Bank, building on the December post. As the Ethical Consumer website says, “The aim of the Save Our Bank campaign is to keep the Co-op Bank ethical and return it to mutual ownership at 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