Co-op Group back in profit

THE Co-operative Group has announced a return to profit.

The group made a profit of £124m in 2014 compared with a loss of £255m in 2013, a result it attributed to the strong performance of ‘Food’ and ‘Funerals’.

The_Co-operative_Food shop signage vertical

Chief executive Richard Pennycook said: “The hard work of rebuilding The Co-operative Group for the next generation is now underway.”