Martin Vander Weyer Martin Vander Weyer

Now the economy is recovering, is it a good idea to buy Poundland shares?

Plus: Righteous Co-op Bank would have been safer if it had embraced oil, tobacco and drugs

(Photo: Getty)

‘Satan seizes control of saintly bank’ would be a fair summary of much of the coverage of the deal that has rescued the crippled Co-operative Bank from oblivion, or ‘resolution’ as it is technically called. In order to avoid that fate, the parent Co-op Group has had to inject £462 million into the bank while accepting a reduction in its own equity stake to 30 per cent.

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