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....The government’s plan to provide 30 hours’ free childcare has been criticised by a leading global education expert for failing to target the most disadvantaged families whose children stand to gain the most. Andreas Schleicher, education director of the Organisation for Economic Co-operation and Development (OECD), welcomed the doubling of the free childcare offer, which he said would bring England up from the bottom of the international league in terms of hours offered to an average position. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 09:04:53 AM
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. The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of pounds to bolster its financial position. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:25:23 PM
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Latest Finance News related to Co-op

Co-op Bank abandons sale talks as it edges towards rescue deal image
Source : Guardian [Read Article] Monday 26th of June 2017 05:25:23 PM
. The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of pounds to bolster its financial position. ...
Tories' 30-hour free childcare plan fails to target poor families, says expert image
....The government’s plan to provide 30 hours’ free childcare has been criticised by a leading global education expert for failing to target the most disadvantaged families whose children stand to gain the most. Andreas Schleicher, education director of the Organisation for Economic Co-operation and Development (OECD), welcomed the doubling of the free childcare offer, which he said would bring England up from the bottom of the international league in terms of hours offered to an average position. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
. Here come those dastardly hedge funds, up to their usual tricks: they’re rescuing the Co-operative Bank for a second time. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
. The Co-operative Group’s stake in the Co-op Bank could fall dramatically under a rescue plan being drawn up by hedge funds. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
....”. The strong backing for globalisation echoes pleas from the International Monetary Fund and the Organisation for Economic Co-operation and Development not to move towards more inward-looking policies. ...
Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker image
Source : Guardian [Read Article] Saturday 17th of June 2017 12:35:00 PM
....The board of Nisa, which is owned by its shopkeeper members, recently hired bankers to advise on its strategic options in light of the proposed Tesco-Booker alliance, which some regard as a tectonic shift in UK convenience retailing. It is understood that following talks with potential suitors, which included the Co-op and Morrisons, Nisa is poised to recommend Sainsbury’s to its members as its preferred bidder. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....5. The Organisation for Economic Co-operation and Development says that means-testing the state pension would allow the Government to give more to those in greater need of support. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
. A Qatar-based company has been identified as part of a consortium interested in making a bid for the troubled Co-operative Bank. ...
Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
.... He said the island had nothing to hide. Its corporate tax system was sanctioned by the Organisation for Economic Co-operation and Development (OECD) and is in line with the EU's freedom of establishment. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... There are pros and cons to all those options – but clarity is essential. The natural home for the troubled Co-operative Bank would be the Nationwide Building Society, many would say. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....1% of the value of the property. The society is winning the share of the current account market, in part because of customers switching from the troubled Co-operative Bank. ...
Firms pledge to recruit more over-50s image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:27:18 AM
....". The eight companies that have signed up are: Aviva, Atos, Barclays, the Co-operative Group, Home Instead Senior Care, the Financial Services Compensation Scheme (FSCS), Mercer and Walgreens Boots Alliance. ...
Dementia news: The medical and financial benefits of power of attorney image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
....GET THE POWER . Almost nine out of 10 UK adults do not have an LPA, according to research from Co-op Legal Services to mark Dementia Awareness Week. ...
University of Apple  image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:03:56 PM
...."Businesses should open themselves up to applicants whose non-traditional backgrounds mean they could bring new ideas to the position and the challenge of improving cyber-security," wrote Mr Van Zadelhoff. There is also a bigger political dimension to the skills needed for a modern economy - highlighted by the annual Organisation for Economic Co-operation and Development's Skills Outlook, published this month. ...
Aldi plans to open up to eight stores in some UK towns image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:56:14 PM
....Aldi opened its first UK store in Stechford, Birmingham, in 1990 but did not become a force to be reckoned with until the last recession, when both it and Lidl won over Britons struggling with their grocery bills at a time when food prices were soaring. Aldi overtook Waitrose in 2015 and in February moved past the Co-op to become the UK’s fifth-biggest grocer. ...
UK pay growth outlook is 'among gloomiest in advanced economies' image
Source : Guardian [Read Article] Tuesday 9th of May 2017 11:01:04 PM
....The trades union group said UK real wages – pay adjusted for the effects of inflation – were on course to fall by 0. 5% between the start of 2016 and the close of 2018, based on forecasts from the Organisation for Economic Co-operation and Development. ...
Funeral and cremation fees are rising at inflation-busting rates image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 10:35:00 PM
....”. Age UK, Avalon, Co-operative Funeralcare, Dignity Funerals, Perfect Choice and SunLife sell funeral plans, typically with several different choices of cover. ...
Co-op Bank investors braced for losses as it tries to raise £750m image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:31:56 PM
. Bondholders in the Co-operative Bank are braced to take losses as the troubled lender scrambles to find £750m to boost its financial strength. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
.... If inflation is rising faster than wage growth, real incomes are falling. Geoff Tily, a senior economist at the TUC, has constructed an international league table of real wage growth from 2008 to 2015 using data from the Organisation for Economic Co-operation and Development. ...
Lidl on course to surpass Waitrose and enter UK supermarket top seven image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 08:24:46 AM
....Fraser McKevitt, the head of retail and consumer insight at Kantar, said Lidl was likely to overtake Waitrose briefly this summer and consolidate its position next year at the current rate of growth. Aldi overtook Waitrose in 2015 and then, in February, it moved past the Co-op to become the UK’s fifth-biggest grocer. ...
Hummus 'crisis' sheds light on secret world of mass food production image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
.... The buildings belong to Bakkavor, the international food manufacturer behind the mass withdrawal of the product from British supermarket shelves after customers complained of a metallic taste. These units off the Hanger Lane gyratory system – among 30 facilities on 19 different UK sites – manufacture hummus and other dips on an industrial scale for supermarket giants including Tesco, Sainsbury’s, Marks & Spencer, Waitrose, the Co-op, Asda and Morrisons, who sell them under their own brands. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....Perhaps you are looking for a more ethical home for your current account cash. Or maybe you are a Co-operative Bank customer who is considering closing your account following its well-publicised troubles. ...
'After Brexit people will fall in love with English apples again' image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
.... They now turn the unsold fruit into pressed apple juice and compote, which they’re perfect for – she adds – because they’re sweet enough not to need added sugar. The farm sells its juice to local schools, a number of farm shops and Co-op stores around Lincolnshire. ...
UK should axe state pension for rich people, says OECD image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:15:15 AM
. Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development. ...
Presidential challenge image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:40 PM
....There is also a feature of the French business regulation and taxation that affects the size of firms. Nicola Brandt from the Organisation for Economic Co-operation and Development (OECD) told the BBC that there's a threshold effect - regulations that kick in when a firm has 50 or more employees that inhibit those that might otherwise grow. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
.... Since the deal ended on 31 March, that same group will pay £1,187 a year on the firm’s standard tariff – a 60% increase. Those on the Co-op Online March 2017 deal are now paying 50% more – unless they have moved to a cheaper tariff or switched supplier. ...
Londoners work 'three weeks a year more than rest of UK' image
Source : BBC [Read Article] Tuesday 18th of April 2017 02:14:56 AM
....The average working week in the UK - which gets reduced by part-time work - is 31 hours, according to the figures. The UK works shorter hours than the Organisation for Economic Co-operation and Development (OECD) average. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....It was DFS customer service that didn’t measure up. Why won’t the Co-op Bank believe me when I say I’m 15?. ...
Eggs-porting isn't easy image
Source : BBC [Read Article] Tuesday 11th of April 2017 11:14:15 PM
....Theresa May criticises Cadbury over Easter egg hunt. Co-op's 'Treat your daughter' Easter egg adverts changed. ...
Why won’t the Co-op Bank believe me when I say I’m 15? image
Source : Guardian [Read Article] Monday 10th of April 2017 06:00:29 AM
. I’m writing about a ludicrous issue I’ve had with The Co-operative Bank. ...
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Zero house price inflation is to be welcomed not feared | Larry Elliott image
....Research by Andrew Oswald and Danny Blanchflower shows rising home ownership leads to a subsequent increase in unemployment, because owner occupation affects labour mobility, increases congestion costs and encourages Nimby-style behaviour that means fewer new businesses. The correlation holds true across the developed countries of the Organisation for Economic Co-operation and Development and in individual US states. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
. The Co-op Bank says it has received a number of takeover approaches from potential bidders. ...
Tax relief cut doesn’t add up for landlords, plus Bank warns over consumer credit image
....A touch too difficult to get a refund from Motorola. Co-op airport lounge passes managed to escape us. ...
Advertising fail image
Source : BBC [Read Article] Thursday 6th of April 2017 01:57:06 PM
....German skincare brand Nivea also said sorry over its "white is purity" deodorant advert that was deemed discriminatory and racially insensitive. Meanwhile, in the UK, the Co-op supermarket was accused of "outrageous sexism" in an advert for chocolate Easter eggs that encouraged parents to "treat your daughter for doing the washing up", while Cadbury was criticised after dropping the word "Easter" from its egg hunts. ...
Co-op boss shrugs off £130m loss to focus on group's 'stellar progress' image
. The Co-operative Group’s chairman, Allan Leighton, has insisted the business was making “stellar progress” despite slumping more than £130m into the red. ...
Co-op Group boss looking at new markets image
Source : BBC [Read Article] Thursday 6th of April 2017 08:56:41 AM
. The new chief executive of the Co-op Group is looking at "new, interesting markets". ...
Co-op Group makes loss as bank stake written off image
Source : BBC [Read Article] Thursday 6th of April 2017 06:27:53 AM
. The Co-op Group has reported its first annual loss since 2013 after declaring that its stake in Co-operative Bank is worth nothing. ...
Smile no more, as Co-op airport lounge passes managed to escape us image
Source : Guardian [Read Article] Tuesday 4th of April 2017 06:00:44 AM
. Our Co-op Smilemore current account, for which we pay £15. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
....Banks are closing branches across the country due to the rise of online banking. Lloyds – which owns Bank of Scotland and Halifax – has already announced plans to close 400 of its branches, with more than 9,000 job losses, while last month Royal Bank of Scotland said it was shutting 158 sites, mostly NatWest’s, and the Co-operative Bank is battling to find a buyer amid fears about its future. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
. The Co-operative Group will reveal this week it has fallen back into the red for the first time since its tumultuous 2013 year, after writing off the value of its investment in the Co-operative Bank. ...
Five-minute guide to 'National Price Hike Day' image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
....8 per cent, adding £97 to annual bills. Co-op Energy’s 5 per cent uplift will make its customers £58 worse off. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
....The Lloyds, Halifax and Bank of Scotland products are all simply called the Basic Account. Meanwhile, the Co-operative Bank says its basic Cashminder account makes up around 20% of all its current accounts. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
. The Co-operative Bank has confirmed that a number of “credible” potential buyers have expressed an interest in the troubled bank, as fears grow that it will be broken up rather than sold as an ongoing entity. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
. The Co-operative Bank has said a number of "credible" potential buyers have expressed interest since it put itself up for sale last month. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ...
Energy costs to soar as Big Six companies turn up the heat image
Source : Daily Express [Read Article] Tuesday 14th of March 2017 08:01:00 AM
....com. Tariffs from EDF Energy, Npower, SSE, The Co-operative Energy, First Utility and smaller suppliers such as M&S, Sainsbury’s, Better Energy, Flow, Spark, Loco2 and iSupply could rise by as much as £578. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
. Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. ...
What are the UK's highest paid apprenticeships of 2017? image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:42:43 AM
....Other apprenticeship schemes involve partnerships with universities. For example, Co-operative Legal Services has partnered with Manchester Metropolitan University to train employees as paralegals, lawyers and managers. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
. The Co-operative Bank has reported another a loss of £477m, one month after it put itself up for sale. ...
Budgens closes 34 stores with loss of 815 jobs image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:04:23 AM
....The owner of the stores to be closed, Food Retailer Operations Limited (FROL), appointed administrators at PricewaterhouseCoopers last month after suffering “difficult” trading conditions. The stores were bought from the Co-op in 2016. ...
Budgens: More than 800 jobs lost as 34 stores close image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:31:22 AM
.... . The stores are spread around the UK, from Dorset to Norfolk to Scotland, and were bought from the Co-op in 2016. ...
Business group calls for change to schemes giving tax breaks to 'select few' image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 12:01:00 AM
. Co-operatives UK, which represents thousands of operations run as co-ops, has called on Chancellor Philip Hammond to use next week's Budget to change the system. ...
Fairtrade campaigners fear Brexit impact image
Source : BBC [Read Article] Monday 27th of February 2017 04:19:59 PM
....Fairtrade said it was a globally recognisable ethical-trade mark and would continue to develop its relationship with manufacturers who chose to adopt their own system of self-regulation. The Co-op said on Monday that it had become the first UK retailer to use only Fairtrade cocoa in all its products. ...
UK falls in love again with Fairtrade bananas and coffee image
Source : Guardian [Read Article] Monday 27th of February 2017 07:01:03 AM
....Tea and cocoa sales both slid 3%, again partly as a result of changing habits. It is hoped that cocoa sales will get a boost this year as the Co-op becomes the first UK retailer to switch to selling and using only Fairtrade cocoa in all its own-brand chocolate products, from the sprinkles on its doughnuts to chips in its triple chocolate cookies. ...
Energy bills: customer switching hits six-year high image
Source : BBC [Read Article] Monday 27th of February 2017 12:05:06 AM
....Firms were not doing enough for about two thirds of customers, Ofgem added. In the coming weeks, standard gas and electricity tariffs will go up at Npower, Scottish Power, Co-operative Energy and First Utility, while EDF will raise electricity prices. ...
Energy bills: are UK customers finally starting to switch supplier? image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:44 AM
.... It said around two-thirds of customers remained on standard variable tariffs and some could save £230 a year if they switched providers. Standard tariffs are typically the most expensive deals for customers who pay monthly for their energy, and several energy firms have announced plans to increase theirs, with Co-operative Energy and First Utility adding their names to a growing list in the past seven days. ...
Business rates: pressure grows for total rethink on controversial tax image
Source : Guardian [Read Article] Thursday 23rd of February 2017 05:43:01 PM
....”. Gareth Thomas, the Labour and Co-operative MP, has tabled an amendment to the local government finance bill that calls for a review into business rates and the impact on local authorities from changes to the tax. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
....”. On Thursday, Co-operative Energy announced its second price rise this winter, with electricity and gas prices to increase 5% from April for nearly 100,000 customers on its standard tariff. ...
Government failure to act means gender pay gap will remain, say MPs image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:50:01 AM
....”. According to a study by consultancy PwC, published on Tuesday, Britain has a higher proportion of working women than most countries in the Organisation for Economic Co-operation and Development ranking of rich nations. ...
Small shops recoil in the face of business rates that will more than double image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....The call for changes to the business rates system is now starting to gain political momentum. Gareth Thomas, shadow minister for local government, and Jim McMahon, his fellow Labour and Co-operative MP, have tabled amendments to the local government finance bill calling for the government to consider offering discounts to hospitals – which face a £322m increase from April – and schools, and also for the business rates system to be fully reviewed before local authorities are allowed to keep 100% of the tax. ...
Nationwide should swallow Co-op Bank | Letters image
Source : Guardian [Read Article] Wednesday 15th of February 2017 06:25:56 PM
. Patrick Collinson’s account of the coming demise of the Co-operative Bank (‘Ethical’ bank is history, 14 February) names Nationwide as the only remaining true “challenger” bank but not as a possible purchaser of the Co-op Bank. ...
The Co-op Bank is the new Bradford & Bingley image
Source : Guardian [Read Article] Monday 13th of February 2017 02:34:40 PM
. Co-op Bank, now that it has announced its sale, is going the way of the Bradford & Bingley – to be broken up, run off and the name consigned to history. ...
Trump presidency poses threat to global economy, warns Fitch image
Source : Guardian [Read Article] Friday 10th of February 2017 04:37:52 PM
.... It signalled the UK was one such country, including it on a list of those with the highest stock of US investment in manufacturing along with Canada, Germany and Mexico. Fitch’s intervention comes after warnings from the leading thinktank the Organisation for Economic Co-operation and Development that a wave of protectionism and trade tensions risks denting global growth, stoking inflation and harming living standards. ...
It's time corporate tax dodgers started losing lucrative council contracts | Paul Monaghan image
.... Manchester City Council, Durham County Council and the London boroughs of Southwark and Lewisham are just some of those that put the issue to the vote and agreed to begin assessing the tax compliance of suppliers. Matching this volume of activity is the political breadth of the councillors that have tabled motions to date, who include Labour, Co-operative, Green, Liberal Democrat and Conservative elected representatives. ...
Lloyds must compensate the victims of the £245m HBOS scam – fast | Nils Pratley image
.... The big boys can continue building at their current steady rate and their special dividends can keep flowing. Co-op chair Allan Leighton is overdoing it when he says the departing Richard Pennycook “saved” the organisation – surely his 69,999 colleagues and the 4. ...
Co-op CEO Richard Pennycook to step down image
Source : Guardian [Read Article] Tuesday 7th of February 2017 04:13:24 PM
. The Co-operative Group chief executive, Richard Pennycook, who rebuilt the company after its banking crisis, is to step down. ...
Aldi becomes UK's fifth largest supermarket image
Source : Guardian [Read Article] Tuesday 7th of February 2017 09:18:50 AM
. Aldi has overtaken the Co-op to become the UK’s fifth largest grocer as the discount supermarket stepped up the pace of growth in January. ...
Criminal inquiry begins after battery is found in Co-op chocolate bunny image
Source : Guardian [Read Article] Tuesday 31st of January 2017 06:21:10 PM
. A criminal investigation has been launched into suspected product tampering after the discovery of a battery inside a hollow milk chocolate Easter bunny sold at the Co-op. ...

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