Co-op reports full-year profit after cost-cutting and sale of petrol forecourt business to Asda

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The Co-operative Group has reported a full-year profit, helped by recent cost-cutting and the sale of its petrol forecourt business

Shirine Khoury-Haq, chief executive of the Co-op, said:"It's clear that our early action to significantly reduce our debt, improve our cash position and tighten cost controls has made a significant difference to the financial strength of our Co-op and has enabled

us to look forward with confidence, despite continuing market uncertainty."We're also looking to grow our membership, putting membership at the heart of our Co-op, with ambitious plans to both attract new members and deepen relationships with our existing members.

 

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Nothing to do with overinflated prices

Tha last time I shopped at the Co-op I bought the makings of a Spag Bol and it cost the best part of 40 quid.

Not surprising, we have a co-op and Waitrose in our village, it's cheaper to shop in Waitrose..

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