Booker profit rises as it sets sights on India

BOOKER Group beat forecasts with a 21 per cent rise in annual profit – boosted by higher customer numbers and tight cost control – and said it was stepping up expansion in India.

Britain’s biggest cash-and-carry chain company, which runs over 170 branches supplying convenience stores, restaurants, pubs, schools and prisons, said its performance made it confident of coping in a tough economic climate and underscored this by hiking its dividend 46 per cent yesterday.