Peter Marks
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Co-op confident on future growth as profits rise

The Co-operative Group has said sales and profits have continued to grow despite a "challenging" year so far.

All divisions have seen "tough economic conditions", it added, saying it did not expect the situation to improve until next year at the earliest.

In the six months to July, profits rose 17% to £260m on sales of £6.9bn.

The integration of Britannia building society into its financial services arm and of Somerfield into its retail division was going well, it said.

The BBC's Sally Eden spoke to chief executive Peter Marks.

  • 26 Aug 2010