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 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
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
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
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
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
The Love Northumberland awards honoured 11 organisations and two schools at a ceremony held at The Alnwick Garden last night
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
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 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.
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.
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.
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.
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.
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?
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.
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.
A PRODUCER of chilled food has secured national recognition for improving productivity and the skills of its workforce.
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 appetite for fine foods among residents and visitors to Tyneside has ensured a deli has become a hit just a few weeks after opening.
Market awaits impact of interest rate cut; Three lenders announce mortgage rate reduction; Housebuilder awaits return of the "feel-good factor".
SOME people make plans for Christmas with almost military precision. Little is left to chance.
The head of architects Dewjoc in Newcastle has seen a lot of change in the city since first arriving 32 years ago.
DEVELOPER Python Properties has signed up its first tenant for the distinctive Co-operative building in the centre of Middlesbrough.
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.
SOMONTANO ‘under the mountain’ is one of Spain’s most exciting wine regions.
SUPERMARKET chain Sainsbury’s has created over 80 new jobs in the region by buying up four former Kwik Save stores.
FINE food retail brand Deli at..., which has attracted a loyal following in the past five years, is expanding into a second shop.
THE Co-op is extending its support to British farmers by converting all its own-label fresh chicken to British sources.
REDCAR and Cleveland Partnership’s Local Enterprise Growth Initiative is offering free support for people thinking of starting up their own businesses.
WATSON Burton has this year had its best Legal 500 results.
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.
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.
DOZENS of police officers swooped on addresses in the North yesterday in a bid to smash a large-scale heroin ring.
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.
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.
REGULATORS have accused supermarket giant Tesco of limiting competition and choice following its acquisition of a former Co-op store.
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.
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.