Booker on track for year
Food and drink wholesaler Booker posted a 1.7 per cent increase in total sales for the 12 weeks to 22 June 2012 and said it remains on course to meet expectations for the year ending 29 March 2013.
Food and drink wholesaler Booker posted a 1.7 per cent increase in total sales for the 12 weeks to 22 June 2012 and said it remains on course to meet expectations for the year ending 29 March 2013.
Non-tobacco sales rose by 3.9%, or 3.8% on a like-for-like basis, while tobacco sales fell by 1.7% after increased duty hurt sales.
Booker said it had made a good start to the quarter after the strong performance from non-tobacco items.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief executive Charles Wilson said: "Booker Group continues to make good progress, with like-for-like non-tobacco sales up 3.8% in quarter one. Our plans to focus, drive and broaden the business remain on track."
Commenting on the acquisition of Makro UK earlier this month, it added: "Together we look forward to improving choice, prices and service for all our catering, retailing and small business customers in the UK."
CJ
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How high earners could boost their pension by thousands and cut childcare costs
Salary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers invest
Monzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions