date:Nov 12, 2013
The Co-operative Group will scrap dividend payments to its 7.6 million members to help pay for a 1.5 billion rescue of its banking division.
The decision is part of a review of Britain's biggest customer-owned business - which also runs supermarkets, travel agencies and funeral services - by new Chief Executive Euan Sutherland, and could lead to more businesses being sold.
The Co-op has announced details of a separate rewards scheme that will see members offered 10% vouchers that can be saved