Booker profits jump by a quarter

Britain's biggest cash and carry wholesaler Booker posted a 22 per cent rise in first-half profit and said a wider product range, reduced prices and improved customer service would help it cope in a tough economic backdrop. Booker made pre-tax profits of £45m in the 24 weeks to 9 September, up from £36.9m in the same period last year. The firm has more than 170 branches supplying goods for convenience stores.