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Not in the news, but in a weblog I've been following is Hedgerow's attempt to set up a food co-operative - Piddling Food Junction in an area where choice is only a supermarket offer.
The tiny Mikron Theatre Company are to receive sponsorship from the Co-operative Group for a 2008 tour with a musical play about co-operation. I saw them perform "Pedal Power" a couple of years ago - the story of Clarion Cycling. It was really good, well paced, funny and dramatic. If anyone is going to justice to the values of co-operation, and bring live theatre to informal venues and non-theatre going audiences it's them. Positive news. Small has always been beautiful.