Overcast

Overcast

max temp: 9°C

min temp: 6°C

ESTD 1874 Search

UK: Co-op Group in farm sell-off

10:51 26 February 2014

The Co-operative Group has announced the sell-off of its farms

The Co-operative Group has announced the sell-off of its farms

The Co-op Group is to sell its farming assets and will consider the future of its pharmacy business as part of plans to revive the troubled mutual.

shares

The group, which is reportedly set to announce losses of £2 billion in results for 2013 due next month, has started the process of selling the agriculture business.

It employs around 200 people across 15 farms covering 17,200 hectares, a spokesman said.

One of the farms is at Coldham Estate at Wisbech in Cambridgeshire, and it also has three packing sites.

The group confirmed that it is exploring options on the pharmacy business, including the sale of all or part of the operation. The division is one of the UK’s three largest pharmacy chains, with 750 branches and 6,500 staff.

shares

1 comment

  • The Co-op Group is of course entirely separate from the East of England Co-op, which as far as I know remains financially sound. Therefore the effect in our part of East Anglia should be limited. For example, Co-op pharmacies in and around Ipswich should remain unaffected.

    Report this comment

    Boris

    Wednesday, February 26, 2014

Teen robbed of phone and bike

Police are appealing for help to find two men who robbed a teenager at knifepoint.

Suffolk Fire and Rescue crews called to fire at Stowmarket home

Police have arrested a man on suspicion of arson and affray after a fire was started at a Suffolk home and officers threatened with a knife.

Trains cancelled due to lack of driver

A number of trains have been cancelled this evening due to an absent driver.

Suspected gas explosion on Federick Road in Gorleston.

 Picture: James Bass

Two people have been taken to hospital following a suspected gas explosion near Lowestoft.

David Murton (L to R) Paul Whiting and Bill Barton in front of the main telescope at the Orwell Astronomical Society. Photograph Simon Parker

Astronomy enthusiasts will be gathering outside Isaacs on March 20 to view the celestial event - and you are invited to join them.

The Ormiston mini marathon at Trinity Park in 2014

This weekend’s Ormiston Families Children’s Marathon has been postponed.

Police called to scene of road collision

Police have been called to the scene of a collision between a car and a motorcycle on a road near Sudbury.

The new community cinema launched in St Mary's Church in Bury. Joanna Rayner and Rev Cannon Malcolm Rogers are pictured.

A Bury St Edmunds church is turning into a cinema as it intends to hold free community film events over the coming year.

@TheRec in Stowmarket

Six buildings in Suffolk are in the running to win awards dished out by the Royal Institute of Chartered Surveyors.

Cobbolds Point, Felixstowe, by Peter Smith, is on show as part of the Suffolk Creative Photographic Group exhibition at Woodbridge Library during March

From broody compositions to sun-kissed scenes – an exhibition of photographs currently on display at a Suffolk library has a bit of everything to offer.

Most read

Most commented

Topic pages