All the updated news related to co operative group

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City

Co-op strikes £600m deal to sell petrol stations to Asda to help boost finances

The Co-operative Group has agreed a £600 million deal to sell its petrol forecourt business to supermarket giant Asda in the latest move to bolster its finances. The sale will see 5% of Co-op’s entire retail estate – including 129 petrol stations ...

31 Aug 2022 at 12:32

Ministers warned of cuts as ‘every pound’ of spending to face review

Cabinet ministers have been warned they must find more savings in their departments as the Chancellor said “every pound” of Government spending will be scrutinised in a major budget review. Secretaries of State are being told that any outgoings ...

10 Dec 2024 at 10:35

Reeves to take ‘iron fist’ to waste as departments challenged to find 5% savings

Whitehall departments will have to find savings of 5% as Rachel Reeves promised to use an “iron fist” to squeeze government waste. The Chancellor and Treasury Chief Secretary Darren Jones have begun work on a sweeping multi-year spending ...

10 Dec 2024 at 10:50

City

Co-op expected to reveal financial hit from cyber attack

The Co-operative Group is expected to shed light on the impact of a damaging cyber attack in its first financial update since being targeted by hackers. Shoppers were faced with empty shelves and issues with payments during the fallout ...

07 Oct 2025 at 15:14

City

Co-operative reveals £80m earnings hit from ‘malicious’ cyber attack

The Co-operative Group has revealed it slumped to a half-year loss after taking an earnings hit of around £80 million from a “malicious” cyber attack in April. The retailer said it tumbled to a £75 million underlying pre-tax loss for ...

25 Sept 2025 at 07:48

City

Co-operative Group set to take £120m full-year earnings hit from cyberattack

The Co-operative has revealed it is set to take a full-year earnings hit of around £120 million from a “malicious” cyberattack that left it with bare shelves and saw data stolen for all its 6.5 million members. The retailer said the ...

25 Sept 2025 at 09:10

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