Co-op Group trumpets £35m spin off for members as it offloads final shareholding in bank
The Manchester-based Co-op Group says its strategy of championing a better way of doing business for its members and their communities has paid off to the tune of £35m.
Members benefited through member rewards scheme by £29m and a further £6m has gone to some 4,000 good causes.
The group also revealed in its half year results that is has sold its remaining 1% holding in the troubled Co-operative Bank to an existing shareholder. In June, the bank agreed a £700m rescue with its lenders that reduced Co-op Group's stake in the... For the full story register now for free or login below...