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Booker LFL sales up 3.2% in third quarter, on track for full year

Thu, 12th Jan 2017 08:26

(ShareCast News) - FTSE 250 food wholesaler Booker Group posted a 3.2% increase in third-quarter group like-for-like sales on Thursday and said it remains on course to meet expectations for the year to 24 March.In the 16 weeks to 30 December, total sales were up 2.9%%, with tobacco sales down 1.3% and non-tobacco sales up 4.8%.LFL tobacco sales were 1% lower, while non-tobacco sales were up 5.1%.Internet sales rose by 10% to £333m, excluding Budgens and Londis, and the company said Booker India continues to make progress.Chief executive Charles Wilson said: "Booker Group continues to make good progress with like-for-like non-tobacco sales up 5.1%. Our plans to focus, drive and broaden Booker Group are on track. "Budgens and Londis are making a solid contribution to the group. We continue to help our retail, catering and small business customers prosper through improving our choice, prices and service."At 0850 GMT, the shares were up 0.7% to 182.70p.rch.
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5 Mar 2018 10:51

BUZZ-Top of the Street: Deutsche Telekom, UK Grocers, IMI, Segro, ProSieben

A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Top-ranked Barclays downgrades Deutsche Telekom to "equal seeing in a

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5 Mar 2018 10:34

Miners, energy stocks help FTSE up from 14-month low

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.5 pct * Miners, energy stocks rise * Tesco leads supermarkets after completes Kit 5 -

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5 Mar 2018 08:27

UPDATE 1-Tesco completes $5.5 bln takeover of Booker?

* Booker shares de-listed * Integration of Tesco and Booker to begin * Takeover approved by court on Friday * Investors backed deal on Wednesday (Adds March 5 (Reuters) - 4 of

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5 Mar 2018 07:20

Tesco completes $5.5 bln takeover of Booker?

LONDON, March 5 (Reuters) - Tesco, Britain's biggest retailer, has completed the 4 billion pound ($5.51 billion) takeover of Booker, on

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28 Feb 2018 12:26

Booker shareholders back Tesco takeover at general meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

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28 Feb 2018 12:18

Booker says shareholders back Tesco takeover at scheme court meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

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28 Feb 2018 11:44

UPDATE 2-Tesco and Booker shareholders give blessing to marriage

* 85 pct of Tesco investors back 3.95 bln stg deal * 83 pct of Booker shareholders support deal * Deal set to complete on March 5 * Shares in both companies of

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17 Feb 2017 14:26

BT hit weighs on hedge fund Lansdowne's January returns - letter

* Developed Markets Fund down 2.9 pct in January * Takes 1.3 pct hit from slide in BT's share price * Comcast, Amazon, Facebook all help to offset losses By Maiya Keidan LONDON, Feb 17 (Reuters) - After ending last year down heavily, the value of London-based Lansdowne Par

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1 Feb 2017 16:13

S&P keeps Tesco at BB+, but outlook unchanged at 'stable'

(ShareCast News) - Analysts at Standard&Poor's hailed Tesco's announcement of an imminent cash and shares merger with food wholesaler Booker. Nonetheless, the grocer's high pension deficit and intention to resume paying dividends in the fiscal year ending February 2018 meant its quality as a debtor

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30 Jan 2017 08:47

BUZZ-Tesco/Booker: fall on reports of competition scrutiny

** Tesco and Booker both fall c. 2pct after multiple reports the two companies will face a lengthy competition probe ** The UK's largest supermarket chain and one of the country's leading wholesalers announced a surprise merger on Friday ** Over the weekend Times reports UK's Competit

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27 Jan 2017 17:13

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.3 pct, weighed down by banks * Swiss bank UBS drops after underwhelming results * Tesco rallies on Booker acquisition * Index posts weekly gain on M&A, earnings, Trump boost (Updates prices at close) By Kit Rees and Danilo Masoni MILAN, Jan 27 (R

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27 Jan 2017 17:03

LONDON MARKET CLOSE: US GDP Misses Before May-Trump Press Conference

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27 Jan 2017 16:16

UPDATE 4-Resurgent Tesco surprises with $4.6 bln swoop for wholesaler Booker

* Deal comes after two years of recovery at Tesco * Tesco to restart dividend payments in 2017-18 year * Tesco shares up 10.5 pct, Booker shares up 18 pct (Adds detail, investor comment, updates shares) By James Davey and Sarah Young LONDON, Jan 27 (Reuters) - Britain's

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27 Jan 2017 12:03

LONDON MARKET MIDDAY: Tesco-Booker Steal Show Before May-Trump Meeting

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27 Jan 2017 10:44

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.5 pct, weighed down by banks * But index set for weekly gain on M&A, earnings, Trump boost * Swiss bank UBS drops after underwhelming results * But Tesco rallies on Booker acquisition deal * Solid updates buoy LVMH, Wartsila (ADVISORY- Follow European

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