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Food wholesaler’s first quarter statement worth putting in diaries
Thursday 29 Jun 2017 Author: James Crux

Wednesday 5 July

Cash and carry and foodservice provider Booker’s (BOK) takeover by Tesco (TSCO) is being pored over by the UK Competition & Markets Authority (CMA).

As such, Booker’s investment thesis is all about the merger, though the forthcoming first quarter trading update (5 Jul) gives the market a chance to check up on sales progress.

Full year results (18 May) revealed record sales and profit, despite tobacco legislation denting like-for-like tobacco revenues.

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