Wholesale group Booker (BOK) is back in business. Okay, that might be an exaggeration given its stellar position in the grocery sector. But it’s fair to say the market got itself worked up at the end of last year when Booker suffered a sustained slide in like-for-like sales. We pointed out at the time why that wasn't a major concern for investors, and provided an opportunity to buy in.
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The wholesaler has reported that like-for-like sales growth moved back into positive territory during the second quarter, up 0.9 per cent excluding tobacco.
