U.S. Markets close in 5 hrs 16 mins

There's Life In Supermarkets Yet

Andrea Felsted
There's Life In Supermarkets Yet

To say not all of Tesco Plc's investors were fans of its 4 billion-pound ($5 billion) takeover of wholesaler Booker Group Plc would be an understatement. Booker's like-for-like sales rose 14.3 percent, or 12.4 percent excluding tobacco, in the three months to May 26. Tesco's own U.K. like-for-like sales rose 2.1 percent.