Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation

The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021.  Group revenue for the year was [...]