LONDON May 18 Booker, the British
wholesaler that has agreed to a 3.7 billion pound ($4.8 billion)
takeover by Tesco, on Thursday reported a 15 percent
rise in annual profit, reflecting progress across the catering
and retail supply sides of the business.
The group supplies the Budgens, Londis, Happy Shopper
and Premier convenience chains, catering firms such as Wagamama
and Carluccio's, and also operates cash and carry business
It said it made a pretax profit of 174 million pounds in the
year to March 24. That compares to analysts' average forecast of
173.3 million pounds, according to Reuters data.
"We are continuing to assist the UK competition authorities
in their ongoing consideration of the merger and it is expected
that the merger will complete in late 2017/early 2018, subject
to, amongst other things, the necessary shareholder approvals,"
Booker added that revenue in the first seven weeks of the
current financial year is ahead of last year.
($1 = 0.7721 pounds)
(Reporting by James Davey; editing by Kate Holton)