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Co-op defends investment portfolio

22nd May 2009

THE Co-operative Group has defended its decision to invest in companies involved in controversial sectors such as oil, defence and tobacco.

The Co-op has built a reputation for ethical investment, adopting the slogan "Good for Everyone" and its bank has turned away business worth £1bn since 1992 on ethical grounds.

But its asset managment arm Co-operative Asset Management has millions of pounds invested in FTSE 100 companies such as Royal Dutch Shell, BP, British American Tobacco, Smiths Group and Imperial Toba......for the full story register now for free or login below...

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