Booker Group PLC (BOK.L)
28 Apr 2017
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)
LONDON, March 28 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.
LONDON Two of Tesco's biggest shareholders have called on the supermarket group to withdraw its 3.7 billion pound ($4.7 billion) agreed offer for wholesaler Booker , potentially casting doubt on the deal's progress.
* Tesco says majority of top 10 investors have raised holding (Adds Tesco response)