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Channel Islands Coop must 'move on' after new homes plan stalled
Channel Islands Coop must 'move on' after new homes plan stalled

BBC News

time18-07-2025

  • Business
  • BBC News

Channel Islands Coop must 'move on' after new homes plan stalled

The boss of Channel Islands Coop says the firm has "got to move on", after its long-running plans to redevelop a derelict site in Guernsey with more than 300 homes did not executive Mark Cox said Coop was happy to "draw a successful conclusion" to the Leale's Yard site, on The Bridge, St Sampson, after agreeing to sell it to the States for £4.5m after owning it for nearly 30 retailers said they were "elated" and "hopeful".Mr Cox said Coop's final attempt at developing the site, which included plans for 338 houses, a multi-storey car park and a supermarket, was not meant to be. It comes after the States pulled out of a £35m deal to support Coop and developer Omnibus. Mr Cox said: "I guess there's a little bit of disappointment that we haven't been able to deliver our plans, but equally we've got to recognise that we're retailers. "We've got to move on - the States have a need for housing and as a coop we've always wanted to support that need."Being able to pass this over to the government to enable them to take it on and unleash the potential for the site and other sites that they own in Guernsey is really positive." 'Holding back' land The States of Guernsey announced plans to buy Leale's Yard on Wednesday. Earlier this year, it pulled out of a deal to spend about £35m on the project to support the Coop and developer Omnibus with the Cox said the company had subsequently "not been able to deliver the scheme".He said: "I think from a core point of view, we've got to take a long hard look at that and what we're doing is holding back a piece of land that could be developed out of much-needed housing in Guernsey. "If we're not able to do that, then we've got to find somebody that is able to do that." Mr Cox said the money from the purchase would be used to invest into its supermarket on Nocq Road in St said: "What it now gives us is certainty for our members and our colleagues that we'll be reinvesting in Nocq Road, improving that store for the benefit of those members."We'll expect to see some exciting plans coming out for the future of Nocq Road."

Still Game legend announced exciting Glasgow event
Still Game legend announced exciting Glasgow event

Glasgow Times

time24-06-2025

  • Entertainment
  • Glasgow Times

Still Game legend announced exciting Glasgow event

Mark Cox, who played tight Tam Mullen in the hit sitcom, will share his stories, memories, and 'loads of laughs' at his brand-new show in the city. The 53-year-old, from Glasgow, will host the event at Woodside Hall in the city's North on Saturday, October 25, at 6pm. The show is part of an 11-date tour of Scotland, which will start in Aberdeen on Saturday, August 8 and end in Kirkcaldy on Saturday, October 25. Other shows include: Irvine, Volunteer Roos, Saturday, August 23. Bearsden, Kilmardinny House, Friday, September 5. Dumbarton, Denny Civic Theatre, Friday, October 24, at 6pm. Kilbarchan, Kilbarchan Performance Arts Centre, Friday, October 24, at 8.30pm. The tour is being organised by Aberdeen-based promoters Breakneak Comedy. READ MORE: Famous faces in Still Game you probably forgot about READ MORE: Still Game legend has addressed rumours that the show will return READ MORE: Still Game cast members announced exciting Glasgow show Breakneck Comedy founder, Naz Hussain, said: 'I'm delighted to be working with Mark on this tour, he's got some amazing stories from throughout his career, so I know audiences are in for a really entertaining evening. 'We've recently finished a run of gigs with Mark's Still Game co-star, Jane McCarry, and the love that people have for the cast and the buzz there is when they talk about the show is truly special to see'. Naz added: 'I love bringing big names to towns that some promoters might overlook. 'It's really exciting to be able to put on shows all over Scotland and make it easier for people to be able to enjoy a great night of comedy and entertainment without them having to worry about catching a train home from the city.' In Still Game, Mark appeared in 61 of 62 of the show's episodes. He is also known for writing and starring in the legendary Scottish sketch show Chewin' the Fat.

Islanders respond to CI Coop dividend rate
Islanders respond to CI Coop dividend rate

BBC News

time23-05-2025

  • Business
  • BBC News

Islanders respond to CI Coop dividend rate

People in Guernsey have been responding to the Channel Islands' Co-operative's dividend Wednesday the business said it would pay members a 2% dividend rate, the same rate as last year, despite it having returned to profitability in 2024 after a £1.8m loss in 2023. Chief executive Mark Cox said the business "would love to get back to a 4% dividend rate" but the members had said they appreciated the immediate benefits of reduced in-store member Mandy said she was "very happy" with the dividend rate as "anything is better than nothing as far as I'm concerned". Another member, Jane, said she found the offers "very good" and she was "quite happy" with the dividend rate. "I wasn't expecting anything at all," she said. She added: "I'm actually quite happy because I feel the prices are quite good, they have Coop member prices and they're quite good deals, and I find their offers are very good."However, a third CI Coop member, John, said the 2% dividend rate was "not really fair".He said: "Last year it was 2% and yet they made such a profit this year so it should be more, really - 5% would be more fair."We've all been loyal to the Coop and it's spoken about that the dividend is not paying up these last few years."

Co-op chief calls for governments to work together
Co-op chief calls for governments to work together

BBC News

time22-05-2025

  • Business
  • BBC News

Co-op chief calls for governments to work together

The chief of the Channel Islands Co-operative has called for the Jersey and Guernsey governments to work Cox said the governments choosing two different ferry providers had "added complexity and costs" within the freight and supply comments followed the CI Co-op's annual general meeting on Wednesday at which a 2% dividend rate for members was Cox said the business had returned to profitability in 2024 after a £1.8m loss in 2023 but that "if we want to be serious about reducing costs then the islands have to work together". 'Immediate benefits' He attributed the return to profitability to CI Co-op's new member pricing initiative and investment into seven Cox told BBC Radio Guernsey members had been concerned about the pharmacies at a time when dividends had been reduced but their performance had been "exceptional".Mr Cox said the new in-store savings scheme for members had been "a real success" and had delivered more than £1m savings to them since it was introduced in said members had to wait a year for dividends and they had told CI Co-op they wanted "something a bit more immediate" so the member pricing scheme had been launched."Of course we'd love to get back to a 4% dividend rate but I think that balance between delivery of a share of profit and giving immediate benefits is really important," he added. Dividends were available to be collected at CI Co-op member services desks but there could be delays over the next few days, he Cox said the past few weeks had been "nothing short of horrific" after the recent cyber attack and resulting goods infiltrated the Co-op UK group's IT networks and claimed to have stolen the customer and employee data of more than 20m said: "We've not been at our best over the past couple of weeks as a result of that cyber attack but day by day now we are seeing more products come in."We will recover, we'll bounce back and we will look at opportunities to reward members for their patience in this difficult time."

Jersey members back 2% Coop dividend
Jersey members back 2% Coop dividend

BBC News

time21-05-2025

  • Business
  • BBC News

Jersey members back 2% Coop dividend

Members of the Channel Islands Co-operative in Jersey voted to maintain the 2% rate for member shares, at their annual meeting, last Coop reported a net surplus of £800,000 last year, a significant recovery from the previous year's £1.8m dividend was reduced from 4% to 2% after the almost £2m of losses in 2023 and on Tuesday evening members backed the decision to maintain it at 2% for another 12 plan will now be voted on by members in Guernsey on Wednesday evening. Ahead of the annual meeting, CEO Mark Cox said 2024 had been a year of "real progress"."We've returned to surplus, welcomed new members, and made impactful investments," he said."Our investment in engaging with members has shaped a more positive comes as the Coop continues to experience supply chain issues, following a cyber-attack which has led to empty shelves across the island.

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