Co-operative Group returns back to profit

From Co-operative News: “The Co-operative Group has returned to profit following its biggest ever loss of £2.5bn, reported earlier this year. In interim results for the 26 weeks to 5 July, the Group announced an operating profit of £43m (2013: £105m) and turnover of £5.1bn (2013: £5.3bn). Its 2013 £2.5bn loss was attributed to the disposal of the Co-operative Bank (£1.44bn) and the write-down of the 2009 acquisition of Somerfield (£226m).”

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