Hedge funds circling troubled Co-op bank

The Co-operative Bank looks set to fall into the hands of US hedge funds and other big institutions after they tore up the embattled lender's £1.5 billion rescue plan

Pressure on Co-operative Bank rescue plan

Pressure is mounting on struggling lender Co-operative Bank after US vulture funds demanded it tear up a rescue plan to plug a £1.5 billion black hole in its balance sheet

Co-operative banking arm sends profits plunging

The Co-operative has admitted its banking arm will not make a profit for years after plunging to a half-year loss of £709.4 million

Stricken Co-op bids to plug its shortfall

Half-year results from the Co-operative Group and its stricken banking arm will take centre stage this week, while under-pressure support services firms G4S and Serco also report

Former Blyth Co-op store could become mini-shopping centre

A redundant department store could be turned into a community-owned shopping centre as part of ambitious plans to regenerate the retail heart of Blyth

Co-operative Group sees food sales edge higher

The embattled Co-operative Group shrugged off woes in its banking arm as its supermarket business returned to food sales growth for the first time since February

Community groups honoured at Love Northumberland awards

The Love Northumberland awards honoured 11 organisations and two schools at a ceremony held at The Alnwick Garden last night

The Co-operative Group probe into a £1.5bn black hole

The Co-operative Group is to launch a probe into how its banking arm ended up with a £1.5bn black hole which will need filling by small investors

Ex bosses set to avoid refund to Co-op bank

THE Co-operative Group is unlikely to be able to claw back money from former bosses despite uncovering a £1.5bn hole in its bank’s balance sheet, according to a report.

Lloyds denies Co-op deal pressure

LLOYDS Banking Group bosses denied political pressure to accept the Co-operative Bank’s ill-fated £700m bid for its branches, insisting they acted in shareholders’ interests.

£1bn rescue plan for ailing Co-op bank

A £1bn rescue plan for the Co-operative’s troubled banking arm is set to be unveiled this week in a move likely to hit up to 5,000 small investors.

Co-operative Group beefs up its team

UNDER-FIRE banking and retail giant the Co-operative Group has announced further moves to beef up its management team by recruiting the former finance director of Morrisons and the chairman of Britain’s nationalised banks.

Hiatus will leave us short of space

THE industrial property market in the North East is surviving the downturn better than many other areas, according to three of the region’s leading agents Paul Nicholson, director of agency at Atisreal.

No option but to close, says Co-op

CO-OP bosses, who are closing a Northumberland store with the loss of 29 jobs, have pinned part of the blame on their failure to secure new premises within a £30m town centre shopping revamp.

There’s no favouritism

IT’S an awkward question, but an occupational hazard. Do you tell the brutal truth, or do you deflect, wriggle, spin and resolutely refuse to answer?

Bleak news for 29 Co-op store workers

TWENTY-NINE workers look set to lose their jobs at a Co-op store in a Northumberland town where a long-awaited, £30m shopping development is getting under way.

heady heady heady heady

FOUR successful rural businesses have been chosen as standard bearers for the North-East in an annual competition to find Britain’s best countryside retailers.

Top industry award for food producer

A PRODUCER of chilled food has secured national recognition for improving productivity and the skills of its workforce.

£12m Co-op centre

THE Co-operative Group has announced it is to build a £12m regional distribution centre (RDC) in the North-East as part of its plans to rejuvenate its food distribution service.

The deli that’s delivering the goods for the region

THE appetite for fine foods among residents and visitors to Tyneside has ensured a deli has become a hit just a few weeks after opening.

Friday evening business bulletin

Market awaits impact of interest rate cut; Three lenders announce mortgage rate reduction; Housebuilder awaits return of the "feel-good factor".

We’re getting ready to make merry

SOME people make plans for Christmas with almost military precision. Little is left to chance.

What car do you drive?

Mercedes E320.

We’re building something very fine

The head of architects Dewjoc in Newcastle has seen a lot of change in the city since first arriving 32 years ago.

Landmark will have 40 bathrooms

DEVELOPER Python Properties has signed up its first tenant for the distinctive Co-operative building in the centre of Middlesbrough.

Revamp hope in Chinatown

A £220,000 bid to revamp Newcastle’s Chinatown has been revealed. The plans include pedestrianising Stowell Street, lighting up its Chinese Arch and adding a host of new oriental lighting to the streetscene.

Quality counts in ‘new world’

SOMONTANO ‘under the mountain’ is one of Spain’s most exciting wine regions.

Sainsbury jobs boost for region

SUPERMARKET chain Sainsbury’s has created over 80 new jobs in the region by buying up four former Kwik Save stores.

Farmer’s son finds big market for produce

FINE food retail brand Deli at..., which has attracted a loyal following in the past five years, is expanding into a second shop.

Humanely reared UK chickens for chain

THE Co-op is extending its support to British farmers by converting all its own-label fresh chicken to British sources.

Helping hand

REDCAR and Cleveland Partnership’s Local Enterprise Growth Initiative is offering free support for people thinking of starting up their own businesses.

Firm sets standard on national stage

WATSON Burton has this year had its best Legal 500 results.

Watchdogs asked to rule on Co-op deals

A ROW over claims that a supermarket chain is trying to monopolise trading in Northumberland towns and villages is being raised with national competition watchdogs.

Townsfolk can have their say

PEOPLE in a coastal town where shopping and visitor facilities were criticised in a damning report are being urged to have their say on plans for a £5m superstore development.

Heroin suspects arrested

DOZENS of police officers swooped on addresses in the North yesterday in a bid to smash a large-scale heroin ring.

Overhaul and new ranges help to boost Co-op sales

THE Co-operative Group has hailed a market-beating performance from its food retailing business after new premium ranges and a store overhaul boosted sales.

Tuesday lunchtime's business bulletin

Co-operative Group hails market-beating performance; Irn Bru maker delivers profits rise despite rain-hit drinks market; Average borrower takes on 12 year debt.

‘Limited choice for customers’

REGULATORS have accused supermarket giant Tesco of limiting competition and choice following its acquisition of a former Co-op store.

Friday lunchtime's business bulletin

Northern Rock's shares gain 6%; Royal Bank of Scotland's ABN Amro bidding partner Fortis launches £9.4bn rights issue; Supermarket giant Tesco accused of limiting comprtition.

A LANDMARK building in the centre of Middlesbrough has been given a new lease of life.

And in only a matter of weeks local developers Python Properties will have completed the restoration work on the Co-operative building on Linthorpe Road.


David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer