Latest news with #ChannelIslandsCoop
ITV News
13-05-2025
- Business
- ITV News
Channel Islands Coop propose lower 2% dividend for second year as finances improve
A major Jersey and Guernsey supermarket chain wants to offer a lower dividend to customers in their membership scheme for the second year running. The Board of Channel Islands Coop has recommended continuing with the halved dividend of 2%, having made the "unprecedented adjustment" in 2024 due to difficult trading conditions. A public outcry followed the announcement of last year's reduced rate, although it was voted through by members following a year of financial hardship for the organisation that saw a net loss of £1.8 million in 2023. Coop says its latest accounts show improvements with turnover increasing and a net profit of £800,000 in 2024. If members approve the 2% dividend payout, they will be able to withdraw it from Thursday 22 May. The Chief Executive Officer of Channel Islands Coop, Mark Cox, says: "Our primary focus last year was to strengthen our financial performance so we could continue rewarding our loyal members while delivering long-term value. "Immediate rewards through member pricing have resonated strongly, delivering more than £1 million in savings since its launch in October." Five 10% discount weekends were also offered to members throughout 2024. The Annual Meeting of Members (AMM) will take place in Jersey and Guernsey, where those attending will be asked to vote on the dividend payment, as long as they have been signed up to the scheme for at least six months.
Yahoo
26-04-2025
- General
- Yahoo
Charities urged to apply for funds before cut off
Charities and community groups in the Channel Islands are being urged to apply for grants from a community fund before its application deadline at the end of this month. The last day to apply for support of up to £2,500 from the Channel Islands Coop Community Fund is 30 April, organisers said. Mark Cox, CEO of the Channel Islands Coop, said the fund "helps bring ideas to life that make a genuine impact in our Islands". A spokesperson for Finni's Ark, an animal sanctuary in Jersey which received funding in 2022, said the team owed "a massive thank you for this helping hand - we really do appreciate it". The charity, which also provides animal therapy visits, received £500 towards buying a van to transport therapy animals to care homes and schools. The Coop said most awards were between £500 and £1,000, while it could award up to £2,500. It said projects must "benefit the local community or environment on-island". A spokesperson said previous recipients included initiatives tackling social isolation, improving mental health and enhancing green spaces. Follow BBC Guernsey on X and Facebook. Follow BBC Jersey on X and Facebook. Send your story ideas to Coop awards £40k to local charities and causes Disability charities awarded £260k by lottery Shetland ponies provide animal therapy at care homes Coop Community Fund
