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Tue, 20th Sep 2016 15:46
A mixed reaction to corporate earnings and a number of blue chips going ex-dividend weighed on UK stock markets on Thursday morning, with the Footsie opening broadly flat. The FTSE 100 was trading 0.01% lower at 7,006.62 early on. Concerns about Greece continued to rumble on in the background follo
Read more** Cash-and-carry wholesaler Booker jumps 10.3 pct, its biggest one-day gain in 4 yrs & up at its highest level since March 2014 ** To buy Londis & Budgens chains to expand network of grocery and convenience stores ** Co expects acquisition to be neutral to earnings in first year, to
Read moreStocks in London are set for a lower start on Thursday morning with City sources predicting the FTSE 100 will open 10 points lower than Wednesday's close of 7,007.26. Concerns about Greece continue to rumble on in the background following comments from the German finance minister that he could not r
Read moreShares in food wholesaler Booker surged nearly 10% on Thursday after the company said it has signed an agreement to acquire the entire issued share capital of Musgrave Retail Partner, which comprises the Londis and Budgens businesses for £40m, and announced a capital return of 3.50p a share. Followi
Read moreMay 21 (Reuters) - Booker Group Plc, Britain's biggest cash-and-carry wholesaler, has agreed to buy the Londis convenience store chain and the Budgens grocery store chain for 40 million pounds ($62.2 million) from privately owned Musgrave Group. Booker said on Thursday it expects its purcha
Read more-- Source link: (http://bit.ly/1K2RSUJ) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreRather than fighting on price, UBS declared in its 'initiation of coverage' on the European food retail sector after its Evidence Lab undertook a large consumer survey in the UK, "the future is about differentiation". Overall, the earnings outlook for the European food retailers is "better than it w
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