I'm A Celebrity... South Africa viewers were left unimpressed as Helen Flanagan made her return. The former Coronation Street actress faced a challenging time in the Australian jungle during her first stint on I'm A Celebrity back in 2012.
05.04.2023 - 10:15 / manchestereveningnews.co.uk
The Co-op has ruled out making any more redundancies after axing 800 roles over the last year.
The Manchester-headquartered group made 400 redundancies last summer and also cut 400 vacant positions in a bid to significantly cut costs. But speaking to reporters after the group announced its full-year results, chief executive Shirine Khoury-Haq confirmed no more roles would be lost.
However the CEO did say there are still "opportunities for efficiencies" in the group after taking the "low hanging fruit" of making redundancies in 2022.
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The comments come after The Co-op confirmed that its £600m sale of its petrol forecourt business to the billionaire Issa brothers and cutting hundreds of jobs helped boost its profits.
The group hailed a "strong operational performance" over the past year and said it benefited from "early and targeted action" against the tough economic backdrop.
The Co-op reported a jump in its pre-tax profits to £247m for 2022, £190m higher than the previous year, and said it would have fallen to a loss but received £319m of profit from the sale of its 132 petrol forecourts to rival Asda.
Revenue also increased from £11.2bn to £11.5bn while its group net debt was cut from £920m to £333m.
The Co-op said that "despite very challenging markets" it delivered a "strong sales performance and maintained underlying profitability". However it warned that it expects "inflationary pressure to continue" and affect profitability.
Chairman Allan Leighton said: "The inflationary challenges facing most consumer-facing businesses are well known, so for our Co-op to have delivered this level of performance over the year is encouraging.
"We are,
I'm A Celebrity... South Africa viewers were left unimpressed as Helen Flanagan made her return. The former Coronation Street actress faced a challenging time in the Australian jungle during her first stint on I'm A Celebrity back in 2012.
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