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| Date/Time | Headline | Source |
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| Mon 12:11 | RNS |
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RNS Number : 5639C Booker Group PLC 16 November 2009 For Immediate Release 16 November 2009 Booker Group plc ("the Company") Additional Listing Application has been made to the UK Listing Authority and the London Stock Exchange for admission to (i) the Official List and (ii) to trading on the London Stock Exchange's markets for listed securities in respect of a block listing of 22,740,421 ordinary shares of 1p each ("New Ordinary Shares"). The New Ordinary Shares will be issued from time to time pursuant to the exercise of SAYE share options. The block listing is allocated to the following share option scheme as follows: The Booker Group plc Savings Related Share Option Plan 2008 - 22,740,421 ordinary shares On exercise the shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares in issue. For more information contact: Tulchan Communications (Financial PR to Booker Group plc) 020 7353 4200 Susanna Voyle Lucy Legh Investec Bank plc 020 7597 5970 Keith Anderson This information is provided by RNS The company news service from the London Stock Exchange END
LISILFIFLALRLIA More |
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| 09-11-09 | AFX UK Focus |
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LONDON, Nov 9 (Reuters) - Booker Group Plc:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 09-11-09 | RNS |
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RNS Number : 1333C Booker Group PLC 09 November 2009 For Immediate Release 9 November 2009
Booker Group plc ("the Company")
APPOINTMENT OF DIRECTOR The Board of Booker is pleased to announce that Mark Aylwin (46) has been appointed as an executive director with immediate effect. Mark is the Managing Director of Booker Direct. Prior to that, he was Chief Executive Officer of Blueheath. Mark was previously supply chain and IT director at Musgrave Budgens Londis. He has over twenty years trading, supply chain and logistics experience in the food industry, principally at Safeway where he was commercial director for non-foods and the supply chain director. Richard Rose, chairman of Booker, said: "Mark has done a great job developing our direct business and I'm delighted that he is now joining the Group board" The Booker Board currently comprises of Richard Rose (chairman), Charles Wilson (chief executive), Jonathan Prentis (Group finance director), Bryan Drew (commercial director), Bryn Satherley (operations director), Lord Bilimoria (non executive director), Andrew Cripps (non executive director), Richard Farr (non executive director) and Karen Jones (non executive director). Save as disclosed below, there is nothing further to disclose in relation to the appointment of Mark Aylwin under LR 9.6.11 of the Listing Rules. For further information contact: Tulchan Communications (Financial PR to Booker Group plc) 020 7353 4200 Susanna Voyle Lucy Legh Investec Bank plc 020 7597 5970 Keith Anderson Notes: Full name: Mark Aylwin Current directorships: Key Lekkerland Limited Previous directorships: Safeway Stores Limited (resigned 1 January 2005) A.C. Ward & Son Limited (resigned 4 June 2007) Blueheath Holdings Plc (resigned 4 June 2007) Booker Direct Limited (resigned 4 June 2007) C.T.M Wholesale Limited (resigned 4 June 2007) Wedgewood Supply Chain Limited (resigned/dissolved 23 October 2007) Shareholding in Booker Group Plc: Mark Aylwin holds 357,190 ordinary shares of 1p in the Company. This information is provided by RNS The company news service from the London Stock Exchange END
BOAILFEVLRLRIIA More |
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| 13-10-09 | RNS |
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RNS Number : 6560A Booker Group PLC 13 October 2009 For Immediate Release 13 October 2009 Booker Group plc ("the Company") Director Dealing On 13 October 2009 and in accordance with DTR 3.1.2R the Company was informed that Richard Rose, a Director of the Company has today transferred 910,282 ordinary shares of 1p each to Tracey Rose, his wife. His total interest in the shares of the Company following this transaction remains 910,282 ordinary shares, representing 0.06% of the issued share capital of the Company. For further information contact: Tulchan Communications (PR Adviser to Booker Group plc) 020 7353 4200 Susanna Voyle Lucy Legh Investec Bank plc 020 7597 5970 Keith Anderson This information is provided by RNS The company news service from the London Stock Exchange END
RDSCKNKBABDKCKD More |
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| 13-10-09 | AFX UK Focus |
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LONDON, Oct 13 (Reuters) - Booker Group Plc:
last year
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 13-10-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 6237A
Booker Group PLC
13 October 2009
13 October 2009
Booker Group plc
Interim results of Booker Group plc
for the 24 weeks ended 11 September 2009
This announcement contains the interim results of Booker Group plc ('Booker') for the 24 weeks ended 11 September 2009.
Financial Highlights
* Total sales £1.6 billion, +7.7%
* Like-for-like sales in the half were:
* non-tobacco +9.4% (2008: +4.1%)
* tobacco +5.1% (2008: -3.2%)
* total +7.7% (2008: +1.1%)
* Like-for-like sales to caterers were +12.6% (2008: +4.7%) and to retailers +5.5% (2008: -0.5%)
* Operating profit +13.1% to £34.5m (2008: £30.5m)
* Profit before tax +12.1% to £29.7m (2008: £26.5m)
* Profit after tax +12.3% to £24.7m (2008: £22.0m)
* Basic earnings per share +12.2% to 1.66 pence (2008: 1.48 pence)
* Net debt down to £4.0m (2008: £28.9m)
* Interim dividend up 20% to 0.24 pence per share (2008: 0.2 pence)
Operating Highlights
* Customer satisfaction for choice, price and service continues to improve
* Conversion of another 10 branches into the 'Extra' format, taking the total number of 'Extra' branches to 81. An additional 14 are planned for the second half
* Internet sales +88% to £180.8m (2008: £96.4m)
* Booker Direct is making good progress
* We have opened a branch in Mumbai, India
* Completion of the move from AIM to the Official List of the London Stock Exchange on 1 July 2009
Outlook
Group turnover in the first period of the second half is ahead of the same period last year. Working capital levels and costs are in line with plan. Overall, Booker continues to trade in line with management expectations.
Commenting on the results, Charles Wilson, Chief Executive of Booker, said,
"Booker is helping more independent caterers and retailers compete in a difficult economic environment. Through better choice, price and service we have grown sales by £115.7m in the first half. Plans to 'Broaden' the business are progressing well. Our internet sales increased to £180.8m (£96.4m last year), we have become a major force in the delivered wholesale market and our branch in India is now open."
Booker Group plc will announce its Quarter 3 Interim Management Statement for the 16 weeks to 1 January 2010 on 14 January 2010.
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
Susanna Voyle
Lucy Legh
Investec Bank plc
020 7597 5970
Keith Anderson
A presentation for analysts will be held at 08.30am on Tuesday 13 October 2009 at Investec's offices. For further details please call Lucy Legh at Tulchan Communications on 0207 353 4200.
Chairman's Statement
I am pleased to report on a good performance for the half year to 11 September 2009.
Financial Results
Sales for the 24 week period were £1.6 billion, an increase of 7.7%. Half year profit before tax was £29.7 million (2008: £26.5 million), up 12.1%. Basic earnings per share increased by 12.2% to 1.66 pence (2008: 1.48 pence). Net debt reduced by £24.9m to £4.0 million (2008: £28.9 million). This has been achieved through a combination of strong operating cash flow and the efficient management of working capital. We also completed the move from AIM to the Official List of the London Stock Exchange on 1 July 2009.
Booker is continuing to 'drive' sales by offering 'choice up, prices down and better service'. Non-tobacco sales showed an increase of 9.4%. The drive into the catering market is working with sales to caterers having increased by +12.6% to £528m (2008: £469m). Sales to retailers have increased by +5.5% to £1,085m (2008: £1,028m). Premier, our retail symbol group, continued to grow and now has 2,392 outlets (2008: 2,195 outlets). Our prices have remained competitive and stock availability has been good. As a result, customer satisfaction for choice, price and service has further improved which has generated £115.7m of additional sales in the first half.
The plans to 'broaden' the business are going well. We converted a further 10 branches to the 'Extra' format since we last reported. We now have 81 'Extras', which offer a broader range and better environment for customers, and plan to convert an additional 14 in the second half. 'Extra' branches recorded a sales uplift on the prior year of 3% more than non-converted branches, achieving payback of conversion costs in about a year.
Booker.co.uk is performing well with internet sales in the half at £180.8m, up 88% versus last year.
Booker Direct has become a leading force in the delivered wholesale market. We are proud to now be the UK's largest supplier to the cinema sector. We have also won national and regional accounts in the retail, catering and public service sectors.
Dividend
Booker's strategy to drive and broaden its business is working. In a challenging environment we continue to make good progress. As a result the Board has declared an interim dividend of 0.24 pence per share (2008: 0.2 pence) to be paid on 27 November 2009 to shareholders on the register at the close of business on 30 October 2009. The ex-dividend date will be 28 October 2009.
Outlook
Group turnover in the first period of the second half is ahead of the same period last year. Inventory levels and costs are in line with plan. Overall, Booker Group plc continues to trade in line with management expectations.
Richard Rose
Chairman
Any forward looking statements made throughout this document represent management's best judgement as to what may occur in the future. However, the group's actual results for the current and future fiscal periods and corporate developments will depend on a number of economic, competitive and other factors, some of which will be outside the control of the group. Such factors could cause the group's actual results for future periods to differ materially from those expressed in any forward looking statements made in this document.
Condensed consolidated income statement
24 weeks ended 24 weeks ended 52 weeks ended
Note 11 September 2009 12 September 2008 27 March 2009
£m £m £m
Revenue 1,612.6 1,496.9 3,179.2
Cost of sales (1,555.8) (1,446.6) (3,077.0)
---------- ---------- ----------
Gross profit 56.8 50.3 102.2
Administrative expenses 2 (22.3) (19.8) (44.4)
--------- --------- ---------
Operating profit 34.5 30.5 57.8
Finance income 3 0.5 1.2 7.3
Finance expenses 3 (5.3) (5.2) (17.9)
---------- ---------- ----------
Net financing costs (4.8) (4.0) (10.6)
Profit before tax 29.7 26.5 47.2
Tax 4 (5.0) (4.5) (8.0)
---------- ---------- ----------
Profit for the period 24.7 22.0 39.2
====== ====== ======
Earnings per share (Pence)
Basic 5 1.66p 1.48p 2.63p
====== ====== ======
Diluted 5 1.62p 1.47p 2.63p
====== ====== ======
Condensed consolidated statement of comprehensive income
24 weeks ended 24 weeks ended 52 weeks ended
11 September 2009 12 September 2008 27 March 2009
£m £m £m
Defined benefit plan actuarial (36.2) (14.8) (24.9)
losses
Tax relating to actuarial 10.1 4.4 7.0
losses
Effective portion of changes
in fair value of cash flow 0.1 0.6 (4.5)
hedge
Tax relating to effective cash - (0.2) 1.3
flow hedge
Ineffective hedge transferred 1.4 - -
to income statement
Tax relating to Ineffective
hedge transferred to income (0.4) - -
statement
---------- ---------- ----------
Other comprehensive loss for (25.0) (10.0) (21.1)
the period
Profit for the period 24.7 22.0 39.2
---------- ---------- ----------
Total comprehensive income for (0.3) 12.0 18.1
the period
====== ====== ======
Condensed consolidated balance sheet
Note 11 September 2009 12 September 2008 27 March 2009
£m £m £m
ASSETS
Non-current assets
Property, plant and equipment 59.4 57.3 58.2
Intangible assets 423.9 423.9 423.9
Retirement benefit assets 7 - 1.6 -
Deferred tax asset 19.5 8.2 12.3
---------- ---------- ----------
502.8 491.0 494.4
Current assets
Inventories 192.4 189.0 196.8
Trade and other receivables 58.1 58.8 63.6
Cash and cash equivalents 8 42.0 43.5 20.4
---------- ---------- ----------
292.5 291.3 280.8
---------- ---------- ----------
Total assets 795.3 782.3 775.2
---------- ---------- ----------
LIABILITIES
Current liabilities
Other interest bearing loans 8 (0.1) - (0.2)
and borrowings
Trade and other payables (373.3) (360.7) (364.8)
Tax liabilities (19.5) (19.4) (20.5)
Other financial liabilities (2.9) (1.2) (11.6)
---------- ---------- ----------
(395.8) (381.3) (397.1)
Non-current liabilities
Other interest bearing loans 8 (45.9) (72.4) (45.1)
and borrowings
Other payables (28.3) (27.9) (28.2)
Retirement benefit liabilities 7 (32.2) - (2.0)
Provisions (39.6) (41.7) (39.7)
---------- ---------- ----------
(146.0) (142.0) (115.0)
---------- ---------- ----------
Total liabilities (541.8) (523.3) (512.1)
---------- ---------- ----------
Net assets 253.5 259.0 263.1
====== ====== ======
EQUITY
Share capital 14.9 14.9 14.9
Share premium account 30.9 30.8 30.8
Merger reserve 260.8 260.8 260.8
Share option reserve 2.2 0.6 1.6
Hedge reserve (2.6) (0.8) (4.0)
Retained earnings (52.7) (47.3) (41.0)
---------- ---------- ----------
Total equity attributable to 253.5 259.0 263.1
equity holders
====== ====== ======
Condensed consolidated statement of changes in equity
24 weeks ended 11 September 2009
Share option reserve
Share capital Share premium Merger reserve Hedge reserve Retained earnings
Total
£m £m £m £m £m £m £m
Balance at 28 March 2009 14.9 30.8 260.8 1.6 (4.0) (41.0) 263.1
Profit for the period - - - - - 24.7 24.7
Defined benefit plan actuarial - - - - - (36.2) (36.2)
losses
Effective portion of changes
in fair value of cash flow - - - - 0.1 - 0.1
hedge
Ineffective hedge transferred
to income statement - - - - 1.4 - 1.4
Tax relating to components of
other comprehensive income - - - - (0.4) 10.1 9.7
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total comprehensive income for - - - - 1.1 (1.4) (0.3)
the period
Shares issued - 0.1 - - - - 0.1
Share based payments - - - 0.6 - - 0.6
Dividends to shareholders - - - - - (10.0) (10.0)
Reserves reclassification - - - - 0.3 (0.3) -
---------- ---------- ---------- ---------- ---------- ---------- ----------
Balance at 11 September 2009 14.9 30.9 260.8 2.2 (2.6) (52.7) 253.5
====== ====== ====== ====== ====== ====== ======
24 weeks ended 12 September 2008
Share option reserve
Share capital Share premium Merger reserve Hedge reserve Retained earnings
Total
£m £m £m £m £m £m £m
Balance at 29 March 2008 14.9 30.8 260.8 0.2 (1.6) (50.5) 254.6
Profit for the period - - - - - 22.0 22.0
Defined benefit plan actuarial - - - - - (14.8) (14.8)
losses
Effective portion of changes
in fair value of cash flow - - - - 0.6 - 0.6
hedge
Tax relating to components of
other comprehensive income - - - - (0.2) 4.4 4.2
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total comprehensive income for - - - - 0.4 11.6 12.0
the period
Share based payments - - - 0.4 - - 0.4
Dividends to shareholders - - - - - (8.0) (8.0)
Reserves reclassification - - - - 0.4 (0.4) -
---------- ---------- ---------- ---------- ---------- ---------- ----------
Balance at 12 September 2008 14.9 30.8 260.8 0.6 (0.8) (47.3) 259.0
====== ====== ====== ====== ====== ====== ======
52 weeks ended 27 March 2009
Share option reserve
Share capital Share premium Merger reserve Hedge reserve Retained earnings
Total
£m £m £m £m £m £m £m
Balance at 29 March 2008 14.9 30.8 260.8 0.2 (1.6) (50.5) 254.6
Profit for the period - - - - - 39.2 39.2
Defined benefit plan actuarial - - - - - (24.9) (24.9)
losses
Effective portion of changes
in fair value of cash flow - - - - (4.5) - (4.5)
hedge
Tax relating to components of
other comprehensive income - - - - 1.3 7.0 8.3
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total comprehensive income for - - - - (3.2) 21.3 18.1
the period
Share based payments - - - 1.4 - - 1.4
Dividends to shareholders - - - - - (11.0) (11.0)
Reserves reclassification - - - - 0.8 (0.8) -
---------- ---------- ---------- ---------- ---------- ---------- ----------
Balance at 27 March 2009 14.9 30.8 260.8 1.6 (4.0) (41.0) 263.1
====== ====== ====== ====== ====== ====== ======
Condensed consolidated cash flow statement
24 weeks ended 24 weeks ended 52 weeks ended
11 September 2009 12 September 2008 27 March 2009
£m £m £m
Cash flows from operating
activities
Profit before tax 29.7 26.5 47.2
Depreciation 6.5 6.7 14.7
Finance income (0.5) (1.2) (7.3)
Finance expenses 5.3 5.2 17.9
Profit on disposal of - (0.7) (0.2)
property, plant and equipment
Equity settled share based 0.6 0.4 1.4
payments
Decrease/(increase) in 4.4 (4.3) (12.1)
inventories
Decrease/(increase) in debtors 5.5 (4.5) (9.3)
Increase in creditors 8.5 14.5 18.7
Decrease in provisions (1.1) (2.0) (5.4)
Contributions to pension (5.5) (5.5) (11.0)
scheme
---------- ---------- ----------
Net cash flow from operating 53.4 35.1 54.6
activities
Interest paid (3.3) (4.9) (8.7)
Partial settlement of interest (7.2) - -
swap (see note 9)
Tax paid (3.6) - (2.4)
---------- ---------- ----------
Cash generated from operating 39.3 30.2 43.5
activities
---------- ---------- ----------
Cash flows from investing
activities
Acquisition of property, plant (7.7) (4.0) (13.9)
and equipment
Disposal of property, plant - 0.9 1.4
and equipment
Interest received - - 0.4
---------- ---------- ----------
Net cash outflow from (7.7) (3.1) (12.1)
investing activities
---------- ---------- ----------
Cash flows from financing
activities
Proceeds from issue of shares 0.1 - -
Payment of finance lease (0.1) (0.5) (0.9)
liabilities
Repayment of borrowings - (16.1) (36.1)
Facility arrangement fees - - (4.0)
Dividends paid (10.0) (8.0) (11.0)
---------- ---------- ----------
Net cash outflow from (10.0) (24.6) (52.0)
financing activities
---------- ---------- ----------
Net increase/(decrease) in 21.6 2.5 (20.6)
cash and cash equivalents
Cash and cash equivalents at 20.4 41.0 41.0
the start of the period
---------- ---------- ----------
Cash and cash equivalents at 42.0 43.5 20.4
the end of the period (see
note 8)
====== ====== ======
Notes to the interim financial statements
1. General information
Reporting entity
Booker Group plc (the "Company") is a public limited company incorporated in the United Kingdom under the Companies Act 1985 (Registration number 05145685). The Company's ordinary shares are traded on the London Stock Exchange.
The condensed consolidated interim financial statements of the Company as at and for the 24 weeks ended 11 September 2009 comprise the Company and its subsidiaries (together referred to as the "Group"). The financial statements are presented in Sterling and rounded to the nearest hundred thousand.
The comparative figures for the period ended 27 March 2009 are not the statutory accounts for that financial year. Those accounts were prepared in accordance with IFRSs as adopted by the EU, have been reported on by the auditors and delivered to the Registrar of Companies. Copies are available upon request from the Company's registered office at Equity House, Irthlingborough Road, Wellingborough, Northamptonshire, NN8 1LT or from the website www.booker.co.uk. The report of the auditors was unqualified and did not contain statements under section 237(2) or (3) of the Companies Act 1985.
Statement of compliance
These condensed consolidated interim financial statements have been prepared in accordance with IAS 34 'Interim Financial Reporting'.
They do not include all of the information required for full annual financial statements, and should be read in conjunction with the consolidated financial statements of the Group as at and for the period ended 27 March 2009. These condensed consolidated interim financial statements were approved by the Board of Directors on 12 October 2009.
Basis of preparation
As required by the Disclosure and Transparency Rules of the Financial Services Authority, the condensed set of accounts has been prepared applying the accounting policies and presentation that were applied in the preparation of the company's published consolidated accounts for the period ended 27 March 2009 other than as noted below and except for the Group's tax measurement basis (see note 4).
IFRIC 14 "IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction" was adopted during the period. Adoption of this interpretation has no impact on the Group's reported results or financial position.
IAS 1 "Presentation of Financial Statements" (revised September 2007) was adopted during the period. This results in a number of terminology changes and changes in presentation and disclosure, including presenting a consolidated statement of comprehensive income to replace the consolidated statement of recognised income and expense, and the inclusion of a consolidated statement of changes in equity.
IFRS 8 "Operating Segments" was adopted during the period. The standard requires that the segments should be reported on the same basis as the internal reporting information that is provided to the chief operating decision maker. The chief operating decision maker has been identified as the CEO. Internal reports are reviewed regularly by the CEO, but these focus on the operations of the Group as a whole and do not identify individual operating segments. Whilst turnover is reported by customer and product type, there is no discrete reporting showing total profitability or balance sheets. Products flow through the same distribution channels and there are a large amount of expenses and assets/ (liabilities) that are not specific. None of these possible segments have a unique management structure responsible for getting the product from the supplier to the customer. This set of condensed financial statements is therefore presented as a single reportable segment.
The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. The significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the period ended 27 March 2009 apart from an updated pension valuation as disclosed in note 7.
Going concern
The Directors are of the opinion that the Group's forecasts and projections show that the Group should be able to operate within its banking facilities and comply with its banking covenants. The Group is however exposed to a number of significant risks and uncertainties, which could affect the Group's ability to meet management's forecasts and projections, and hence its ability to meet its banking covenants. The directors believe that the Group has the flexibility to react to changing market conditions and is adequately placed to manage its business risks successfully despite the uncertain economic outlook and challenging macro economic conditions. After making enquiries, the Directors have formed a judgement that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has been adopted in preparing the interim financial information.
Operating segments
The Group has one operating segment being wholesaling and associated activities (see Basis of preparation above).
Seasonality
The Group's operations are mainly unaffected by seasonal factors. In 2008/09, the 24 weeks to 12 September 2008 accounted for 47.1% of the annual turnover (2007/08: 47.6%). It should be noted that, in line with internal management reporting, the first half consists of 24 weeks whilst the second half consist of 28 weeks.
2. Administrative expenses
Included within Administrative expenses are property related profits of £nil (2008: £1.1m). These profits arose from the sale of land, a premium received on exit of a lease and proceeds received from the grant of an option to assign a lease.
3. Net financing costs 24 weeks ended 24 weeks ended 52 weeks ended
11 September 2009 12 September 2008 27 March 2009
£m £m £m
Finance income
Expected return on pension (13.8) (14.9) (32.3)
scheme assets
Interest on pension 13.3 14.5 31.5
liabilities
Transfer from legacy pension - (0.6) (1.3)
scheme
---------- ---------- ----------
Net credit on pension (0.5) (1.0) (2.1)
Interest receivable and - - (0.4)
similar income
Net gain on remeasurement of
ineffective portion of - (0.2) -
interest rate swap to fair
value
Discount on debt buyback - - (4.8)
---------- ---------- ----------
(0.5) (1.2) (7.3)
Finance expenses
Interest on bank loans and 3.5 3.2 7.2
overdrafts
Net loss on remeasurement of
ineffective portion of - - 5.1
interest rate swap to fair
value
Unwinding of discount on 1.0 1.2 2.7
provisions
Amortisation of financing 0.8 0.8 2.9
costs
---------- ---------- ----------
5.3 5.2 17.9
---------- ---------- ----------
4.8 4.0 10.6
====== ====== ======
4. Tax
Tax on the profit before taxation for the 24 weeks ended 11 September 2009 is based on an effective rate of 17.0%, which has been calculated by reference to the projected charge for the full financial year. The rate for the 24 weeks ended 12 September 2008 and 52 weeks ended 27 March 2009 was 17.0% and 16.9% respectively.
5. Earnings per share 24 weeks ended 11 September 2009 24 weeks ended 12 September 2008
Weighted average Weighted average
shares Earnings per share shares Earnings per share
Earnings Earnings
£m Number m Pence £m Number m Pence
Basic earnings 24.7 1,491.5 1.66 22.0 1,488.4 1.48
Share options - 35.8 (0.04) - 4.5 (0.01)
---------- ---------- ---------- ---------- ---------- ----------
Diluted earnings 24.7 1,527.3 1.62 22.0 1,492.9 1.47
====== ====== ====== ====== ====== ======
52 weeks ended 27 March 2009
Weighted average shares
Earnings per share
Earnings
£m Number m Pence
Basic earnings 39.2 1,488.4 2.63
Share options - 4.2 -
---------- ---------- ----------
Diluted earnings 39.2 1,492.6 2.63
====== ====== ======
6. Dividends
Declared and paid during the 24 weeks ended 24 weeks ended 52 weeks ended
period 11 September 2009 12 September 2008 27 March 2009
per share £m £m £m
Final dividend for 2007/08 0.5375 pence - 8.0 8.0
Interim dividend for 2008/09 0.2 pence - - 3.0
Final dividend for 2008/09 0.67 pence 10.0 - -
---------- ---------- ----------
10.0 8.0 11.0
====== ====== ======
After the balance sheet date the Directors declared an interim dividend of 0.24p per share (£3.6m in total) payable on 27 November 2009 to equity holders on the register at the close of business on 30 October 2009. This dividend has not been provided for and therefore there is no difference between the dividends charged to reserves and dividends paid in the period.
7. Retirement benefit assets 11 September 2009 12 September 2008 27 March 2009
£m £m £m
Total market value of assets 512.7 508.8 437.8
Present value of scheme (544.9) (507.2) (439.8)
liabilities
---------- ---------- ----------
(Deficit)/surplus in the (32.2) 1.6 (2.0)
scheme
====== ====== ======
The assumptions adopted for the valuation at 11 September 2009 are the same as those adopted at 27 March 2009, other than changes to the discount rate (to 6.8% to 5.7%) and inflation (2.75% to 3.0%).
8. Analysis of net debt 11 September 2009 12 September 2008 27 March 2009
£m £m £m
Cash and cash equivalents 42.0 43.5 20.4
Short term interest bearing (0.1) - (0.2)
loans and borrowings
Long term interest bearing (45.9) (72.4) (45.1)
loans and borrowings
---------- ---------- ----------
(4.0) (28.9) (24.9)
====== ====== ======
9. Interest swap
On 12 June 2009, to reflect the lower level of debt carried by the Group, the Group amended the terms of the interest rate swap. The option caps, the floor and the extension option were removed and the amount of interest rate swap was reduced from £130m to £50m. The interest rate swap remains at 4.98 per cent. £10m of the interest rate swap expires in March 2010 with the remaining £40m expiring in March 2011. The Group spent £7.2m in settlement of this liability, which is shown separately in the consolidated cash flow statement.
10. Related party transactions
The Group has a related party relationship with its subsidiaries and with its directors. Transactions between group companies, which are related parties, have been eliminated on consolidation and are not disclosed in this note. There have been no material related party transactions with directors.
Responsibility statement of the directors in respect of the half-yearly financial report
We confirm that to the best of our knowledge:
* the condensed set of financial statements has been prepared in accordance with IAS 34 Interim Financial Reporting as adopted by the EU;
* the interim management report includes a fair review of the information required by
* DTR 4.2.7R of the Disclosure and Transparency Rules, being an indication of important events that have occurred during the first 24 weeks of the financial year and their impact on the condensed set of financial statements; and a description of the principal risks and uncertainties for the remaining 28 weeks of the year; and
* DTR 4.2.8R of the Disclosure and Transparency Rules, being related party transactions that have taken place in the first 24 weeks of the current financial year and that have materially affected the financial position or performance of the entity during that period; and any changes in the related party transactions described in the last annual report that could do so.
By order of the Board
Charles Wilson Jonathan Prentis
Chief Executive Finance Director
12 October 2009
Risks and uncertainties
The Group's business may be affected by a number of risks, trends, factors and uncertainties, not all of which are in our control. The specific principal risks, trends, factors and uncertainties (which could impact the Group's revenues, profits and reputation), and relevant mitigating factors as currently identified by Booker's risk management process which were faced at the time of the last annual report have not changed since the year end and are expected to remain for the following six months. Those risks and uncertainties can be summarised as follows:
a) Risks relating to the industry
Tobacco regulation
Alcohol regulation
Environmental legislation
UK and European regulations
The Group's performance could be adversely affected by poor economic conditions
Trade insurers
Decline in the number of independent retailers and licensed premises
Changes in duty and VAT
Health concerns and pandemics
b) Risks relating to a competitive market
Increased competition from the grocery multiples
Growth of large UK food multiples and discounters
Pricing and promotional activities by competitors
Threat of new entrants
c) Risks relating to the Group and its business
Dependence on key customers
Dependence on relations with third party suppliers
Management controls and reporting procedures
Consumer trends
IT systems errors, internet reliance and malfunctions
Dependence on key executives and personnel
Mergers and acquisitions
Future prospects and the need to raise capital in the future
Financing costs and interest rate hedging
The Group may be subject to increases in operating and other expenses
Foreign exchange
Pensions
Litigation
The Group is exposed to the risk of bank counterparty default
Product liability claims
Any events that negatively impact the reputation of, or value associated with, the Group's brands could adversely affect the Group's business
Property lease liabilities
A detailed explanation of each of these risks and uncertainties are shown on pages 8 to 15 of the Prospectus in relation to the Company's admission to listing on the Official List and to trading on the London Stock Exchange plc's main market for listed securities. The Prospectus is published online on our corporate website www.bookergroup.com.
The process the Group has in place for identifying, assessing and managing risks also has not changed since the year end. Detailed explanations of this process can be found in the Annual Report and Accounts 2009 on page 15.
Independent auditors' report on review of condensed consolidated interim financial information to Booker Group plc
Introduction
We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the 24 weeks ended 11 September 2009 which comprises the condensed consolidated income statement, condensed consolidated statement of comprehensive income, condensed consolidated balance sheet, condensed statement of changes in equity and the condensed consolidated cash flow statement and the related explanatory notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.
This report is made solely to the company in accordance with the terms of our engagement to assist the company in meeting the requirements of the Disclosure and Transparency Rules ("the DTR") of the UK's Financial Services Authority ("the UK FSA"). Our review has been undertaken so that we might state to the company those matters we are required to state to it in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our review work, for this report, or for the conclusions we have reached.
Directors' responsibilities
The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly financial report in accordance with the DTR of the UK FSA.
As disclosed in note 1, the annual financial statements of the group are prepared in accordance with IFRSs as adopted by the EU. The condensed set of financial statements included in this half-yearly financial report has been prepared in accordance with IAS 34 Interim Financial Reporting as adopted by the EU.
Our responsibility
Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Auditing Practices Board for use in the UK. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the 24 weeks ended 11 September 2009 is not prepared, in all material respects, in accordance with IAS 34 as adopted by the EU and the DTR of the UK FSA.
Jonathan Hurst
For and on behalf of KPMG Audit Plc
Chartered Accountants
St James Square
Manchester
M2 6DS
12 October 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 05-10-09 | AFX UK Focus |
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Oct 5 (Reuters) - :
buy
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 18-09-09 | AFX UK Focus |
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The Times
JOHN LEWIS CHAIRMAN FEARS SPENDING WILL BE HIT BY
POST-ELECTION TAX RISES Charlie Mayfield, chairman of the John Lewis Partnership , said on Thursday Britain was in danger of a bout of post-election blues next year, with consumer spending suffering after expected tax rises. Mayfield said consumer confidence remained extremely fragile and as a result the partnership was planning cautiously for next year. The partnership revealed a 20 percent fall in pre-tax profits to 86.3 million pounds in the six months to August 1. John Lewis's 4.7 percent drop in like-for-like sales wiped out a strong performance from Waitrose which saw like-for-like sales rise 1.8 percent over the same period.
LOSSES DOUBLE FOR FENCH CONNECTION AS CLOTHES-BUYING GOES
OUT OF FASHION French Connection is undertaking a strategic review which could lead to the closure of its American and Japanese stores. On Thursday, the clothing retailer reported pre-tax losses of 12.8 million pounds in the six months to July 31, Chief executive Stephen Marks identified Japan, where the group made a 1.7 million pound loss, as a particularly weak part of the business. The North American business made a loss of 2.7 million pounds and the weakness of sterling cost the company close to three million pounds as it bought from manufacturers in euros and dollars. Like-for-like sales in Europe and Britain grew by two percent as women continued to buy party dresses.
CHANNEL 4 TO LOOK BEYOND USUAL SUSPECTS FOR NEXT CHIEF Channel 4's chairman, Luke Johnson, said on Thursday the broadcaster will look beyond the broadcasting industry for a new chief executive who has a "profound understanding" of the digital world. The favourites to replace Andy Duncan have been candidates with a strong background in editorial content, such as Peter Fincham, director of television at ITV, and Kevin Lygo, his Channel 4 counterpart. However, it is understood Channel 4's board is unhappy with the broadcaster's progress in the digital world so possible candidates now include Pascal Cagni, Apple's European chief, and Ashley Highfield, managing director of consumer and online at Microsoft UK. The Daily Telegraph
BOOKER SEES STRONGER SALES Cash and carry chain Booker has reported a 7.6 percent rise in like-for-like sales for the 12 weeks to September 11. The company, run by Charles Wilson, said it had slashed its net debt to four million pounds, compared with 28.9 million pounds a year ago. Wilson said increased customer numbers and customer satisfaction had resulted in stronger sales. He said the group looked forward to "continuing to help independent caterers and retailers prosper in this difficult economic environment".
BT LAUNCHES ONLINE MARKETING SERVICE BT has launched a new service aimed at helping small and medium-sized businesses market themselves online. The group finds many businesses have failed to build on their online presence. The new Search Smart business will show companies how to improve their websites and get their brands to stand out more in Google search results.
SHINE TO FUSE TV AND SOCIAL NETWORKS Elisabeth Murdoch, chief executive of television production company Shine Group, and Joanna Shields, former head of social networking website Bebo, have established a new company that aims to link up TV production with social media. Murdoch and Shields said the as yet unnamed company would combine "the traditional genre of television production with the reach, power and engagement of social media". Shields will become chief executive of the venture, which will operate under Shine from October. The Independent
LLOYD'S OF LONDON CHIEF ROUNDS ON CITY'S CRITICS Lord Levene, chairman of Lloyd's of London, has hit back at critics of Britain's financial sector and has said politicians risk doing "irreparable damage to one of the strongest sectors of our economy". He said he accepted "some parts of the banking industry have behaved irresponsibly", but added: "This has been a global, not just a British phenomenon -- and it involves only part of the financial industry." Lord Levene said the banking industry could learn from the experience of Lloyd's which nearly collapsed 20 years ago and offloaded most of its toxic assets into a separate vehicle, Equitas.
RENOVO CUTS STAFF AS TAKEOVER FAILS Manchester-based Renovo has cut its staff by more than a third after it failed to reach a deal in takeover talks. The news sent shares in the anti-scarring specialist down by 13 percent on Thursday. The company said it would pare down its operations and concentrate on getting key drugs to market.
YOUR SPACE IN TALKS OVER CVA Your Space is in talks at implementing a company voluntary arrangement so as to stay in business. Earlier this week, the serviced office space provider said talks to sell off parts of the business had ended, and it requested that its shares be suspended on Aim pending clarification of its financial position The Guardian
ROYAL MAIL CLASH OVER UNION'S BALLOT DECISION Managers at Royal Mail have clashed with unions over the decision to ballot workers over strike action. The Communication Workers Union said Royal Mail's failure to consult over new working practices resulted in the national ballot, but the group's managers countered that the union had turned its back on negotiations. The result of the ballot will be announced in early October and a series of strikes could take place soon afterwards. Any action would halt mail deliveries across the UK.
GMG CONFIRMS SURVIVAL OF REVAMPED OBSERVER Guardian News & Media has confirmed The Observer will not be closed down. Doubts had been raised about the future of the 200-year-old Sunday title as GNM conducted a review amid rumours that it would be turned into a weekly news magazine, but the group said in a statement there would be more integration between the editorial teams of The Guardian and The Observer. Alan Rusbriger, editor-in-chief of GNM, said in an internal email on Thursday that staff cuts and a voluntary redundancy scheme were likely. The National Union of Journalists gave a cautious welcome to the news that The Observer would continue. TERRA FIRMA OVERPAID FOR EMI, HANDS ADMITS Guy Hands has said Terra Firma may have overpaid for EMI, but insisted it is boosting the group's performance. Hands said his private equity group had driven earnings at the recorded music division up to 160 million pounds last year, from around 50 million pounds when it was bought in 2007. Hands, who expects earnings to exceed 200 million pounds this year, said if the auction for EMI had started after the credit crunch took hold, "we wouldn't have bought it. We'd have 90 percent of our funds still to invest and we'd look like geniuses."
Prepared for Reuters by Durrants
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| 17-09-09 | AFX UK Focus |
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LONDON, Sept 17 (Reuters) - Booker Group Plc:
the same period last year
7.7%
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 17-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 1853Z Booker Group PLC 17 September 2009 For Immediate Release 17 September 2009 Booker Group plc Quarter Two Trading Update and Notification of Interim Results Announcement In the 12 weeks to 11 September 2009 total and like-for-like sales rose by 7.6% on the same period last year (prior year: +2.8%). Non-tobacco like-for-likes rose by 8.5% (prior year: +5.3%), while like-for-like tobacco sales increased by 6.2% (prior year: -1.1%). Total and like-for-like sales in the 24 weeks to 11 September 2009 were up by 7.7% (prior year: +1.1%). Like-for-like non-tobacco sales rose by 9.4% (prior year: +4.1%), while like-for-like tobacco sales increased by 5.1% (prior year: -3.2%). Net debt at the half year end was around £4m, compared to £28.9m a year ago and £24.9m at 27 March 2009. Profits for the full year remain in line with management expectations. The interim results will be announced on 13 October 2009. Charles Wilson, Booker Chief Executive, said: "Booker is helping more customers compete by improving our choice, prices and service . Our customer numbers have increased and customer satisfaction has improved, resulting in stronger Booker sales. We look forward to continuing to help independent caterers and retailers prosper in the difficult economic environment." Booker Group plc will announce interim results for the 24 weeks to 11 September 2009 on Tuesday 13 October 2009. A presentation for analysts will be held at 08:30 on Tuesday 13 October. For details call Lucy Legh at Tulchan Communications on 020 7353 4200. For further information contact: Tulchan Communications (PR Adviser to Booker Group plc) 020 7353 4200 Susanna Voyle Lucy Legh Investec Bank plc 020 7597 5970 Keith Anderson This information is provided by RNS The company news service from the London Stock Exchange END TSTBUGDCCBBGGCL More |
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| 09-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 7307Y Booker Group PLC 09 September 2009 For Immediate Release 9 September 2009 Booker Group plc Notification of Date of Interim Results Booker Group plc will announce interim results for the 24 weeks to 11 September 2009 on Tuesday 13 October 2009. A presentation for analysts will be held at 08:30 on Tuesday 13 October. For details call Lucy Legh at Tulchan Communications on 020 7353 4200. Booker Group plc will additionally announce a Quarter Two Trading Update for the 12 weeks to 11 September 2009 on Thursday 17 September 2009. For further information contact: Tulchan Communications (PR Adviser to Booker Group plc) 020 7353 4200 Susanna Voyle Lucy Legh Investec Bank plc 020 7597 5970 Keith Anderson This information is provided by RNS The company news service from the London Stock Exchange END NORQVLFBKKBFBBK More |
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| 03-09-09 | AFX UK Focus |
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The Times MARKS & SPENCER READY TO LAUNCH SEARCH FOR NEW CHIEF EXECUTIVE Marks & Spencer is understood to be set to hire an executive search team to lead the hunt for the retailer's next chief executive. The company has said it wanted to name a new boss in 2010 in order to allow executive chairman Sir Stuart Rose to take a back seat. John Dixon, head of the food operations, is considered as a frontrunner for the role. Other possible internal candidates include Kate Bostock and Ian Dyson, while externally the spotlight has fallen on WH Smith's Kate Swann and Asda's Andy Bond, as well as Justin King, of J Sainsbury and Charles Wilson, of Booker.
BERKELEY SHAREHOLDERS URGED TO OPPOSE INCENTIVE PLAN Pirc has urged shareholders in Berkeley Group to vote against a long-term incentive plan that would allow executives and key management to receive awards worth up to 10 percent of the group's equity if they achieve minimal performance targets. The corporate governance lobby group also suggested that shareholders should not back the re-election of former chief executive Tony Pidgley, who was promoted in June to executive chairman. Berkeley Group is holding its annual meeting next Wednesday.
TISBURY SEEKS 750 MILLION DOLLARS AS IT HITS THE COMEBACK
TRAIL Tisbury Capital, one of London's biggest hedge funds, is planning to raise up to 750 million dollars by the end of 2009 to launch a new fund. The move by the Mayfair-based firm, which was on the brink of collapse in 2008, reflects a wider trend across the sector that sees groups that were badly hit but survived the recession taking advantage of market opportunities as their competitors fall apart. Founder Gerard Griffin believes there are significant prospects for making profit as businesses emerge from the global financial crisis and refinance themselves, with bigger players taking over smaller ones. The Daily Telegraph DSG SHAREHOLDERS SUPPORT "SALARY SACRIFICE"PLAN FOR TOP EXECUTIVES Shareholders at DSG International, the PC World owner, voted in favour of a "salary sacrifice" arrangement that will allow chief executive John Browett to replace 25 percent of his pay in the current financial year in return for share options vesting in three years' time. Under the proposals, the group's top 90 managers will also have the option to exchange up to 15 percent of their own salary for share options. The retailer announced a six percent drop in sales over the 16 weeks to August 22. Like-for-like sales of electrical items from DSG's UK stores declined by 14 percent in the period, while sales of computers dropped by 15 percent.
NCIG PORT-SHARING TALKS ARE SUNK Talks regarding a final agreement on sharing the facilities at Newcastle Port in Australia have collapsed after a consortium of coal producers led by BHP Billiton> missed the August 31 deadline. Regulators were seeking a 10-year deal on coal export capacity, but it is understood one member of the Newcastle Coal Industry Group failed to agree with the proposals. The agreement is important so companies are aware of their export capacity in 2010, which is necessary for setting budgets and mine expansion plans. The Independent BP DISCOVERS "GIANT" OIL FIELD DEEP BENEATH WATERS OF THE MEXICAN GULF Shares in BP rose by 4.26 percent to close at 541.65 pence on Wednesday night after the company announced a "giant" oil discovery in the Gulf of Mexico. The prospect oilfield, named Tiber, is believed to be bigger than the company's nearby Kaskida field, which contains about three billion barrels of oil reserves. Some industry experts have suggested that Tiber could be as big as Forties, the biggest oilfield ever found in the North Sea, which has four million barrels. The prospect is run and 62 percent-owned by BP, while Brazil's Petrobas owns another 20 percent and ConocoPhillips the remaining 18 percent.
ROTHSCHILD SCION ALEXANDRE JOINS FAMILY BANK Rothschild, the 200-year-old Anglo-French bank, has unveiled plans to start a 500 million investment fund as chairman David de Rothschild's son joins the family-owned bank. Alexandre de Rothschild will work on the project after moving from Argan Capital, Bank of America's former European private equity arm. The world's largest family-owned bank seeks to target closely held companies worth 100 million euros to 500 million euros with the new investment fund. The Guardian
FINANCIAL CHIEF POCKETS 11 MILLION POUNDS AND DECIDES NOT TO
BE TAX EXILE Financial advice group Hargreaves Lansdown raised its total payout by 29 percent on Wednesday after it announced a 20 percent jump in profits to 73.1 million pounds in the year to June. As a result, co-founder and chief executive Peter Hargreaves will collect a 10.7 million pounds dividend, on top of his basic salary of 750,000 pounds and an earlier interim payout of 4.6 million pounds. The multimillionaire pledged to stay in Britain despite earlier warnings he was considering quitting the country to escape 50 percent tax rates. Revenue in the group increased from 120.3 million to 132.8 million pounds, and the operating profit margin grew from 48 percent to 52.5 percent.
CADBURY THREATENED WITH STRIKE ACTION OVER PAY Chocolate supplies could come under threat if workers at confectionery giant Cadbury opt for strike action to prevent the company breaking the final year of a three-year pay deal. Unite, the union, is expected to move towards a formal strike ballot after a huge majority among 1,200 staff were in favour of taking action. Jennie Formby, Unite national officer, said: "The chief executive pockets, in one year alone, perks which far outstrip what the average Cadbury worker can ever hope to make in a lifetime."
STRICKEN DOORSTEP LENDER PLANS TO CUT 500 JOBS Cattles, the troubled doorstep lender, has announced plans to close 30 branches with the loss of more than 500 jobs. The move is part of a restructuring plan at the group's main trading vehicle, the Welcome Financial Services division, as Cattles seeks to achieve a more cost efficient business model. An internal review revealed a systematic failure to apply bad debt provisioning policy at the division, which was left with 700 million pounds of bad debts on its balance sheet as a result.
Prepared for Reuters by Durrants
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| 28-08-09 | RNS |
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RNS Number : 2004Y Booker Group PLC 28 August 2009
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
existing shares to which voting rights are attached: 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights ON MARKET TRANSFER BETWEEN DIRECT AND INDIRECT FUNDS X Other (please specify):
3. Full name of person(s)
(if different from 3.):
5. Date of the transaction and date on which the threshold is 26 August 2009 crossed or reached:
notified:
8. Notified details: A: Voting rights attached to shares
if possible using
the ISIN CODE
GB00B01TND91 B: Qualifying Financial Instruments Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited: Holdings Limited) Proxy Voting:
11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
15. Contact telephone number: 01603 684420 This information is provided by RNS The company news service from the London Stock Exchange END
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