May 6th, 2009

Today, we were delighted to see the results that the Co-operative Group, who claimed record  interim results with profits up 35.6% to £191.1m and claimed to be “on track” with their aim to double their profit in three years.

Their business spans retail, pharmacy, funeral services, travel, banking and insurance. And even though retail food sales are up over 40%, we’re particularly interested to see how the financial services fair. The ethical elements of the Co-operative brand might be just what the sector needs right now, to start to build trust in our financial institutions.

Glad tidings, indeed