Some good news for Booker (BOK) shareholders: the group's £40m acquisition of Musgrave Retail Partners, owner of convenience chains Londis and Budgens, has been given the green light by regulators.
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On the flip side, the wholesaler announced a 1.8 per cent dip in second quarter like-for-like sales. The group has been impacted by the display ban on small stores for tobacco products.
Chief executive Charles Wilson said non-tobacco like-for-like sales rose 0.5 per cent, and the group is still on track to meet full-year expectations.
