Co-op profits boosted by Somerfield takeover
Britain’s largest mutually-owned retailer, the Co-operative Group, has today posted “record sales and profits” for the 2009 year after its acquisition of Somerfield and its merger with the Britannia building society.
The group said underlying operating profits before significant items soared 20% to £473 million over the year, while revenue was £13.7 billion.
Meanwhile, the [...]
