|Bid||0.00 x 200000|
|Ask||0.00 x 210000|
|Day's Range||220.70 - 228.40|
|52 Week Range||181.82 - 234.30|
|PE Ratio (TTM)||25.17|
|Earnings Date||May 14, 2018 - May 18, 2018|
|Forward Dividend & Yield||0.01 (0.58%)|
|1y Target Est||231.67|
I am going to run you through how I calculated the intrinsic value of Booker Group PLC (LSE:BOK) using the discounted cash flow (DCF) method. Anyone interested in learning aRead More...
Tesco's 4 billion pound takeover of Booker has completed, both companies said on Monday, creating a new powerhouse in Britain's 200 billion pound-a-year food market. The cash and shares deal to combine Tesco, Britain's biggest retailer, with Booker, the country's largest wholesaler, received court approval on Friday and is now in effect. Booker shares have now been de-listed from the London Stock Exchange.
Tesco's 4 billion pound takeover of Booker was overwhelmingly backed by shareholders of both companies on Wednesday, clearing the final hurdles to the creation of a new powerhouse in Britain's 200 billion pounds-a-year food market. Investor approval, which followed the regulatory green light in December, means the cash and shares deal to combine Tesco, Britain's biggest retailer, with Booker, the country's largest wholesaler, is set to complete on March 5. The support is a personal victory for Tesco Chief Executive Dave Lewis, who stunned the market in January 2017 with an agreed deal with Booker that was originally valued at 3.7 billion pounds.
Two leading investors in British wholesaler Booker are backing a takeover by retail giant Tesco, despite a late push by an activist hedge fund and shareholder advisers to secure better terms. Tesco agreed a 3.7 billion pounds deal for Booker in early 2017 and received regulatory approval in December. It now needs 75 percent of votes cast at a Feb. 28 meeting of Booker investors to proceed.
Investor advisory firm Glass Lewis has urged shareholders in British wholesaler Booker Group (BOK.L) to reject a takeover by retailer Tesco (TSCO.L), dealing a fresh blow to the proposed 3.7 billion-pound deal. The premium offered by Tesco's shares-and-cash bid "clearly lags regional trends," and Booker shareholders should vote against the deal at a meeting on Feb. 28 called to approve it, Glass Lewis told clients in a report on Tuesday.
Investors in retailer Booker (BOK.L) should reject a "less than compelling" 3.7 billion pounds takeover bid by British market leader Tesco (TSCO.L), a top advisory firm said. Institutional Shareholder Services (ISS), which advises pension schemes and others on how to vote on corporate issues, said in a note dated Feb. 14 the planned cash-and-shares deal was skewed towards Tesco shareholders at its current level. The view of ISS mirrors that of activist hedge fund Sandell Asset Management, which owns 1.75 percent of Booker and has said it wants the deal scrapped unless the target can secure better terms.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. In the past 10 years Booker GroupRead More...
A U.S. hedge fund which owns a stake in Booker Group (BOK.L) said on Thursday it plans to oppose Tesco's (TSCO.L) 3.7 billion pound takeover bid unless the wholesaler secures a better deal. Sandell Asset Management said in a statement that it holds the equivalent of 1.75 percent of Booker and had expressed its concerns about the Tesco takeover in a letter to Booker's board. Sandell believes that fair value for Booker shares is between 255 pence per share and 265 pence.
Activist investor Sandell Asset Management plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain's biggest retailer. The New York based hedge fund said in a statement on Thursday that it holds a 1.75 percent stake in Booker and that it had expressed its concerns about the Tesco takeover to Booker's board. Booker shareholders will have to approve Tesco's offer at a vote in order for it to proceed.
Booker Group PLC (LSE:BOK) outperformed the Food Distributors industry on the basis of its ROE – producing a higher 30.56% relative to the peer average of 8.37% over the pastRead More...
Tesco Plc named Booker Group Plc Chief Executive Officer Charles Wilson to lead its British and Irish operations, elevating a potential successor for the leading role at the U.K.’s biggest retailer.
Tesco's (TSCO.L) Christmas trading missed forecasts as strong food sales were offset by weak demand for items such as DVDs and computer games, showing that even Britain's biggest supermarket chain is feeling the strain as consumers curb their spending. Market research this week had identified Tesco as a festive winner, but the group said lower sales of general merchandise and the collapse of a tobacco supplier cast a shadow over a record week of trading before Dec. 25. Britons, whose spending power has been squeezed by inflation, prioritised food this Christmas and cut back on nearly everything else, industry data has shown.
Tesco (TSCO.L), Britain's largest retailer, tightened its hold on the nation's food market on Wednesday when the competition regulator gave final approval for its 3.7 billion pound ($4.95 billion) takeover of wholesaler Booker (BOK.L). Buying Booker marks the boldest move yet by Tesco Chief Executive Dave Lewis, who took over in 2014, providing the supermarket group with access to the faster growing catering segment of Britain's 195 billion pound food market. The ruling by the Competition and Markets Authority (CMA) that the deal, first announced in January, does not raise competition concerns, means that Tesco ends the year on a high.
Mid-caps stocks, like Booker Group PLC (LSE:BOK) with a market capitalization of £4.03B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...
Booker Group PLC (LSE:BOK), a consumer retailing company based in United Kingdom, saw a decent share price growth in the teens level on the LSE over the last few months.Read More...
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time.Read More...
Britain's major supermarkets sought to reassure smokers on Wednesday that the collapse of Palmer & Harvey (P&H), the UK's biggest tobacco distributor, would not lead to shortages of cigarettes. P&H, which also delivers food and drink to supermarkets and convenience stores, went into administration on Tuesday after running out of cash, raising the possibility of tobacco shortages across the UK. Analysts said the stores of Britain's major retailers would typically hold a few days tobacco stock.
Some of Britain's biggest companies are considering wiping millions or even billions of pounds from their pension deficits by changing a couple of key assumptions, including when staff are expected to die. Retailer Tesco paved the way last month by slicing more than three billion pounds from the pensions deficit in its accounts, citing data showing slower rises in life expectancy as well as predictions of higher interest rates. "A lot of other companies will be asking to do something similar," said Martin Hunter, principal at investment consultants Punter Southall.
By Helen Reid and Kit Rees LONDON (Reuters) - European shares remained stuck at seven-week lows on Tuesday as a fall among commodities-related sectors and telecoms firm Altice (ATCA.AS) outweighed a buoyant ...
Tesco won provisional approval for its 3.7 billion pound takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain's biggest retailer closer to securing a new avenue of growth. The Competition and Markets Authority (CMA) said it had conducted an in-depth review and provisionally concluded that Tesco's purchase of Booker does not raise competition concerns. Tesco's move on Booker in January sparked further consolidation in Britain's 185 billion pound grocery market as supermarkets seek additional sources of growth.