The co-op is looking to raise £700,000, with members of the community invited to invest from as little as £50 for a stake in the co-operative. NLCE says the offer has an expected return of 5%.
Community retailer Lincolnshire Co-op has hailed “a positive year of trading” in its results for the year to 7 September, with growth of 6.1% bringing the society’s turnover (sales excluding VAT) to £375.6m.
The acquisition of the Co-op Bank by the Coventry Building Society, which will return it to the mutual sector, has been given regulatory approval. Under the deal, the bank will continue to operate as a separate business for some time after completion
