Booker news

30 November 2017
Following the announcement that the UK's largest delivered wholesaler Palmer & Harvey is now in administration, PwC, the administrators, have advised the company's customers that it cannot provide any further wholesale service and that even orders placed before the administration cannot now be honoured.  Therefore customers "will need to arrange an alternative source of supply going forward."   ...
14 November 2017
The UK Competition and Markets Authority (CMA) has published the provisional findings of its stage two, in-depth investigation into the proposed merger between Tesco, the UK's largest grocery retailer, and Booker, the UK's largest grocery wholesaler.  In its conclusion the CMA states "We provisionally conclude that the Merger may not be expected to result in a serious lessening of competition wi...
12 October 2017
Leading UK food and grocery wholesaler Booker has announced financial results for the 24 weeks to 8 September, reporting turnover up 2.5% and operating profit up 9.5%.  Sales in the half were split 35% to caterers and 63% to retailers (including 5,460 symbol group stores under the Premier, Londis, Budgens and Family Shopper fascias). Growth driven by catering sales Over the half like-for-li...
14 September 2017
Leading UK food and grocery wholesaler, Booker, has announced its trading update for the 12 weeks to 8 September, revealing sales up 1.1% over the period.  This follows a stronger Q1 when growth of 4.0% was underpinned by good weather and favourable Easter timing. Despite decent summer and inflation Traditionally a business strongly influenced by good summer weather, Booker's performance in...
05 September 2017
Budgens, part of the Booker Group, is to roll out convenience stores to 20 Shell forecourt sites in the UK, following four successful trials. Follows the success of four trials The official site openings follows the success of trials at four of Shell’s 1,000 retail outlets. The first “Budgens at Shell” site has just opened in Farnborough, Hampshire, with the remaining 20 to follow by the en...
12 July 2017
The UK Competition and Markets Authority is to launch an in-depth 'phase 2' investigation into the proposed merger between leading UK retailer Tesco and leading UK wholesaler Booker.  This means the matter will now pass to a new set of decision makers, with an inquiry group to be selected from the CMA's independent panel members.  Limited to a statutory maximum time span of 24 weeks, the final re...
05 July 2017
Leading UK food and grocery wholesaler Booker has announced performance figures for the 12 weeks to 16 June, reporting like-for-like sales ahead by 4.2%, well ahead of the +0.7% seen in the prior quarter (to 24 March). Favoured by Easter timing and boosted by good weather With Easter falling three weeks later this year than in 2016, Booker's Q1 period benefited from the full festive trading...
29 June 2017
Tesco has urged the UK's Competition and Markets Authority to speed up its investigation into the grocer's £3.7bn merger with wholesale and convenience business, Booker. Speeding up first phase of inquiry In a statement released to the London Stock Exchange this morning, Tesco said that it had requested the CMA to use its 'fast track' process to reach the more detailed Phase 2 stage. It not...
30 May 2017
The UK Competition and Markets Authority has announced the initiation of its preliminary, and statutory, investigation of the potential competition issues around the proposed merger between the UK's leading national grocery retailer, Tesco, and the leading national grocery wholesaler, Booker. Preliminary phase runs to 25 July In an initial stage the CMA is now gathering feedback from key th...
19 May 2017
Leading UK grocery wholesaler, Booker has announced operating profit up by 14% for its fiscal 2016/17, off total sales of £5,328m.  This represents an improved margin of 3.3%, underlining the trading and operational benefits achieved from the acquisition of the Londis and Budgens symbol networks in 2015, as well as the stronger profitability of the growing foodservice business. Symbols now wor...