The Co-Op has withdrawn three lads mags from its shelves.Nuts, Zoo and Front have been removed from four thousand stores after publishers refused to put them in sealed modesty bags. The Co-Op says it's responding to concerns about children being exposed to sexual images.
The Co-operative Group which was founded in Rochdale today plunged to £559 million first-half losses as heavy bad debts in its banking arm wiped out profits from its supermarkets.
The group said there will be "no quick fixes" as it embarks on a four-year turnaround plan, after reporting pre-tax losses of £709.4 million in the Co-operative Bank in the six months to the end of June.
City regulator the Prudential Regulation Authority (PRA) said the scale of the losses did not alter its demand that the Co-op must plug a £1.5 billion hole in its balance sheet.
The Manchester-based Co-operative Group has announced plans for 3000 new jobs. The positions are being created in the group's legal sector, and approximately 400 will be in the North West. The Co-op is the UK's largest mutual business, owned by 7 million consumers.