Submitted by giles.simon on Thu, 19/07/2012 - 10:10
The Co-operative Group hails great deal that would mark the biggest shake-up in high street banking in a generation.
The Board of The Co-operative Group has agreed to proceed on the basis of non-binding heads of terms with Lloyds Banking Group (LBG) in relation to the acquisition of the “Verde” business. The move by The Co-operative Group would create a real challenger bank on the High Street with almost 1,000 branches.
Owned and controlled by members and not shareholders, more than 5,900 co-operative businesses in the UK contribute £35.6bn to the UK economy and operate across all business sectors. For the past four years, the sector has outperformed the UK economy, demonstrating resilience in difficult economic times and proving that values and principles go hand in hand with commercial performance.
The UK co-operative economy is the annual state of the sector report produced by Co-operatives UK, the trade association for co-operative and mutual businesses.
James Walton, Chief Economist with IGD, talked to the NRCC about the implications for co-operative organisations of the current financial downturn. Watch the video here.
Leading Economist, Professor Noreena Hertz, who for more than two decades has made accurate predictions about economic trends, has named 'Co-op Capitalism' as the next economic era.
Professor Noreena Hertz explains why the Gucci Capitalism based on self-interest and profit maximisation looks set to be replaced by an open source Co-op Capitalism.
Submitted by Linzi Nedoszytko on Tue, 01/11/2011 - 15:54
The International Co-operative Alliance (ICA) have launched the latest Global300 report to coincide with the official UN launch of The International Year of Co-operatives.
Submitted by giles.simon on Fri, 08/07/2011 - 17:07
To celebrate Co- operatives Fortnight, I sent off a cheque to buy a little share in the fantastic Holmfirth Fair Traders Coop making me their 500 member, while this Fairtrade Fortnight, I had a blast down at the North London The People’s Supermarket, made famous by Channel Four, where members gathered on grumpy old sofas to listen to farmers.
Submitted by giles.simon on Fri, 01/07/2011 - 14:54
Following the publication of The UK co-operative economy 2011this week, which shows the resilience of the co-operative sector, Alex Davda of Ashridge Business School explains the link between co-operative values and resilience. Co-operation is good business.
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