The Co-operative reports widened underlying operating losses for the six months to 4 July, while stating that sales are starting to recover. The business says its losses increase year on year, but it also signals improving trading conditions.
According to the outlets providing details, the mutual records underlying operating losses of £45 million for the period, compared with £32 million in the same period a year earlier. The reports present the results as a continuation of financial pressure, paired with an expectation that sales momentum is improving.
Across the available coverage, the emphasis is largely on the same figures and the same broad message: losses widen on a like-for-like basis, but the company believes sales performance is turning upward. Other outlets referenced the same story but did not add additional, distinct figures in the provided text.
