Booker boosted by Goldman upgrade
18th May 2016 10:20
(ShareCast News) - Food wholesale operator Booker got a boost after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted the price target to 198p from 171p ahead of the company's full-year results on Thursday. Goldman pointed out that Booker has been the worst performing stock in its
Read moreBooker total sales rise in fourth quarter, full year
31st Mar 2016 07:55
(ShareCast News) - Food wholesale retailer Booker Group said total sales grew in the fourth quarter and for the year as a whole, but like-for-like sales were dented by price deflation. In a trading update for the 12 weeks to 25 March, Booker group sales including Budgens and Londis were up 10.6% on
Read moreWednesday broker round-up
9th Mar 2016 16:26
(ShareCast News) - Worldpay: Jefferies reiterates buy with a target price of 340p and Goldman Sachs keeps at buy with a target price of 400p. Burberry: HSBC downgrades to hold, 1500p target. Croda International: Goldman Sachs downgrades to neutral with a target price of 3300p. Ashtead: Credit Suis
Read moreBooker third quarter sales up 10.5%, guidance reiterated
14th Jan 2016 08:23
(ShareCast News) - Food wholesaler Booker Group posted a rise in third quarter sales as it said the outlook for profits and net cash remains in line with guidance given at the interim results. For the 16 weeks to 1 January, total sales including Budgens and Londis rose 10.5%, while tobacco sales wer
Read moreBooker's group operations director Satherley to step down
3rd Dec 2015 08:01
(ShareCast News) - Booker's group operations director, Bryn Satherley, will stepp down from the board and retire with effect from 1 April next year. Guy Farant, managing director of Booker Wholesale, will become chief operating officer and Satherley's responsibilities will be split among the other m
Read moreUK retail sales slump as non-food growth slows, BRC-KPMG says
10th Nov 2015 08:42
(ShareCast News) - UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month. October retail sales fell 0.2% on a like-for-like basis compared to last year. Total sales for the month rose 0.
Read moreBooker interim profit jumps 10%, current trading ahead
15th Oct 2015 07:46
(ShareCast News) - Food wholesaler Booker posted a 10% rise in interim pre-tax profit as it said trading in the first four weeks of the current half is ahead of the same period last year. For the 24 weeks ended 11 September, pre-tax profit rose to £74.1m from £67.4m in the same period last year, whi
Read moreFTSE 250 movers: Booker gains on JPM note, commodity stocks slide
4th Sep 2015 16:12
(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the
Read moreBooker sales hit by tobacco ban
3rd Sep 2015 08:25
(ShareCast News) - Food wholesaler Booker Group reported a decline in sales, as it was hit by the ban on small stores displaying tobacco products. In the 10 weeks to 28 August, total sales fell 2% year-on-year, dragged down by a 6.5% drop in tobacco sales, which offset a 0.1% increase in non-tobacco
Read moreLondon midday: FTSE bounces despite China sell-off and Greek uncertainty
8th Jul 2015 11:23
UK stocks advanced on Wednesday in spite of a sell-off in China overnight and ongoing uncertainties surrounding Greece, as markets bounced back after falling to their lowest in nearly six months. The FTSE 100 was up 0.7% at 6,477.14 by midday, after settling at 6,432.21 on Tuesday, its lowest since
Read moreLondon open: Stocks rise ahead of budget, but China and Greece a concern
8th Jul 2015 09:12
London stocks bounced slightly on Wednesday after settling at their lowest in nearly six months, though gains were modest as investors focused on a sell-off in China overnight, the upcoming UK budget and news flow on Greece. The FTSE 100 was up 0.38% at 6,456.90 early on, after settling at 6,432.21
Read moreLondon pre-open: Higher open expected ahead of UK budget
8th Jul 2015 07:35
UK stocks are expected to open higher on Wednesday after dropping to their lowest level in six months as investors await further news on Greece and the chancellor's budget statement. City sources predict the FTSE 100 will open 46 points higher than Tuesday's close of 6,432.21, the lowest close 16 Ja
Read moreBooker suffers first quarter sales slowdown
8th Jul 2015 07:22
First quarter sales at grocery wholesaler Booker have to 0.2%, compared to 1% in the preceding quarter and 1.5% for the last financial year. But chief executive Charles Wilson maintained it was a "solid" performance for the first 12 weeks of the financial year and assured that the group remained on
Read moreBooker appoints Stewart Gilliland as non-executive chairman
17th Jun 2015 09:41
Booker said on Wednesday that Stewart Gilliland will replace Richard Rose as non-executive chairman. As previously announced, Rose is stepping down at the conclusion of the AGM to be held on 8 July 2015. Stewart joined the board of Booker in December 2010 and is an independent non-executive directo
Read moreFTSE 250 movers: Petrofac higher on new contract, miners retreat
11th Jun 2015 13:27
Mid caps were performing well on Thursday afternoon, led by strength in the construction, insurance and technology sectors. As of 1445 BST, the FTSE 250 was trading 0.47% higher at 18,114. Oil and gas industry services provider Petrofac surged after landing a four-and-a-half year contract with Petr
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