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Archive for the 'Co-operative News' Category

Co-op Bank results make grim reading

Posted on September 18th, 2014 · Posted in Co-operative News

After months of bad news stories, the disclosure that the Co-operative Bank made a £1.3bn loss in 2013 – following a loss of £674m in 2012 – was no surprise.. read more

How much does one man need?

Posted on March 31st, 2014 · Posted in Co-operative News

I once read a short story by Leo Tolstoy called How Much Land Does a Man Need?. You might guess the principle behind the story from the title. But to.. read more

Bleak future for Co-operative Pharmacy

Posted on March 31st, 2014 · Posted in Co-operative News

Anyone who reads this column regularly will have been unsurprised to read that the Co-operative Group is considering the sale of the pharmacy business, as well as moving towards practical.. read more

A Period of Transition

Posted on March 31st, 2014 · Posted in Co-operative News

This is a period of substantial transition not just for the Co-operative Bank, but also for the Co-operative Group.  Not the least of this – though it has passed with.. read more

Investigating the crime

Posted on March 31st, 2014 · Posted in Co-operative News

One of my guilty pleasures is that I like watching crime dramas.  I don’t want to see the blood and guts, but there is the pleasure of working out who.. read more

Co-op Bank’s long term problem was – lack of profit

Posted on January 29th, 2014 · Posted in Co-operative News

I was contacted recently by a close observer of the Co-operative Bank’s affairs, who suggested I had missed a dimension to the crisis at the Bank.  Over the longer term,.. read more

Priorities for Co-op’s Kelly Review

Posted on January 19th, 2014 · Posted in Co-operative News

Sir Christopher Kelly’s review into the crisis at The Co-operative Bank began in September.  While that review is conducted in private, it is becoming clearer to outsiders what the review.. read more

Co-op crisis shows need to revise Butterfill Act

Posted on January 19th, 2014 · Posted in Co-operative News

It can be very useful to revisit history to work out what went wrong and why – not least to prevent repeating past mistakes.  This is perhaps a good moment.. read more

Reviewing the co-operative year

Posted on January 19th, 2014 · Posted in Co-operative News

Farewell to 2013 – and may our sector never have a year as bad again please.  Events for the UK’s co-operative movement have been dominated by the crisis at The.. read more

Co-operatives’ crisis of corporate governance

Posted on January 19th, 2014 · Posted in Co-operative News

The Treasury Select Committee hearings into the crisis at The Co-operative Bank have shone a bright light onto the uncomfortable hidden truths of our movement.  Most of us knew that.. read more

The end of co-operation

Posted on November 4th, 2013 · Posted in Co-operative News

In the last column I wrote that the end game was upon us.  It has now arrived and, whatever words anyone chooses to use, the reality is that The Co-operative.. read more

Endgame nears for Co-op Bank

Posted on October 29th, 2013 · Posted in Co-operative News

The battle for control of The Co-operative Bank is probably now moving towards its endgame.  A prospectus is to be published at some point in the final three months of.. read more