Booker Group PLC (BOK.L)
LONDON British wholesaler Booker still expects its 3.7 billion pound ($4.8 billion) takeover by Tesco to be completed by early 2018 at the latest, it said after reporting annual results on Thursday, despite regulatory hurdles that analysts said could make the timetable optimistic.
* Reports full-year profit up 15 pct (Adds detail, analyst comment, shares)
LONDON, May 18 Booker, the British wholesaler that has agreed to a 3.7 billion pound ($4.8 billion) takeover by Tesco, on Thursday reported a 15 percent rise in annual profit, reflecting progress across the catering and retail supply sides of the business.
LONDON Tesco , Britain's biggest retailer, beat forecasts for annual profit as its recovery gained pace, potentially strengthening the hand of boss Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker . | Video
* Tesco shares fall 5 pct, Booker shares down 4 pct (Adds CEO comments from briefing, updates shares)
LONDON Mergers and acquisitions (M&A) activity involving British companies remained relatively robust in the first quarter of the year despite expectations of a slowdown ahead of the country's divorce from the European Union.
* Deal faces regulatory scrutiny (Adds detail, background, shares)
LONDON, March 30 Booker, the British wholesaler that in January agreed to be taken over by Tesco for 3.7 billion pounds ($4.60 billion), said on Thursday sales growth had eased in its fourth quarter, with tobacco sales dented by a display ban and plain packaging restrictions.
LONDON Tesco , Britain's biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker despite opposition from some big shareholders, its boss said on Tuesday.
* Shares up 0.7 pct (Adds investor, analyst comment, updates shares)