Co-Op Is a 'Force to Be Reckoned With' ; Firm's Profits Boosted by Pounds 1.6bn Purchase of Somerfield

Summary


The Co-op's takeover of Bristol-based rival Somerfield helped boost the firm's profits by 17 per cent, it was confirmed yesterday.

The Pounds 1.6 billion takeover was finally completed last year and has led to the creation of the UK's fifth largest supermarket chain.

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Co-Op Is a 'Force to Be Reckoned With' ; Firm's Profits Boosted by Pounds 1.6bn Purchase of Somerfield

And the organisation said that following the takeover of both Somerfield and the Britannia building society, it is looki...

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