Booker drops on OFT referral

The UK's biggest cash and carry chain, Booker Group, has seen its share price suffer after revealing that the Office of Fair Trading has decided to refer the company's completed acquisition of Makro UK to the Competition Commission.

The UK's biggest cash and carry chain, Booker Group, has seen its share price suffer after revealing that the Office of Fair Trading has decided to refer the company's completed acquisition of Makro UK to the Competition Commission.

In a statement the firm said: "Booker looks forward to working with the Competition Commission through the inquiry. Makro UK will continue to be held separate from the rest of Booker until the inquiry is complete."

The share price fell 3.54% to 100.70p by late afternoon.

NR

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