By Marcus Dysch, August 23, 2012
Profits at the Co-operative Group dropped by 55 per cent in the first half of 2012, the company has revealed.
Sales in the group’s supermarkets fell by 1.2 per cent in the six months to June 30. Operating profits were down 16 per cent to £119m.
The group’s banking division also suffered a 67.9 per cent drop.