Share Name Share Symbol Market Type Share ISIN Share Description
Tesco LSE:TSCO London Ordinary Share GB0008847096 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80p -0.38% 207.00p 206.30p 206.40p 208.20p 206.20p 207.40p 18,427,961 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 55,917.0 145.0 -0.5 - 16,950.02

Booker Group 3Q Sales Rose Ahead of Tesco Takeover

11/01/2018 8:07am

Dow Jones News


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By Dimitrios Kontos

 

Booker Group PLC (BOK.LN), whose takeover by retailer Tesco PLC (TSCO.LN) has been approved by the U.K. regulator, said Thursday that third-quarter sales rose on strong performance in its catering and retail units.

The wholesaler said that like-for-like non-tobacco sales increased 6.2% and non-tobacco total sales rose 5.9% in the 16 weeks ended Dec. 29 compared with a year earlier. Including tobacco, like-for-like sales increased 3.8%, while total sales increased 3.4% in the period, the company said.

The company said its proposed merger with Tesco is progressing as planned and it expects that the shareholder vote to approve the merger will take place toward the end of February.

 

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

 

(END) Dow Jones Newswires

January 11, 2018 02:52 ET (07:52 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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