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Co-op Group says it 'planned' for a 50% profits drop

Profits at the Co-op Group more than halve to 17m in the first six months of the year, hit by the group's three-year plan to rebuild the business.

Sales and profit climb at DIY giant Kingfisher following a strong performance in the UK and Poland.

Morrisons reports rising sales and profits, indicating that the recovery at the UK's fourth largest supermarket chain is continuing.

The John Lewis Partnership has blamed a more competitive retail market and higher pay for staff for a slide in profits.

US carmaker Ford expects pre-tax profits to fall next year as it increases spending on projects such as self-driving and electric cars.

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