Jun 18, 2021
Tesco makes solid start to its financial year
Booker's like-for-like sales surged by a better than expected 9.2 per cent year on year as catering and food service businesses reopened. "While the market outlook remains uncertain, I'm pleased with the strong start we've made to the year and continue to be excited about the many opportunities we have to create value over the longer term," said Ken Murphy, chief executive. The utility reseller posted a £56.1m adjusted pre-tax profit for the year ended March, down 7.7 per cent year on year, on higher administrative expenses and lower energy prices during the peak winter period. For the current year it targeted full year pre-tax profit increasing to around £60m, with a maintained dividend of 57p. Inchcape, the new car dealership, said trading since its last update in late April has exceeded expectations, but cautioned that it was too early to take a view on the second half given pandemic uncertainties and a semiconductor shortage. ByteDance increased its revenues 111 per cent last year to $34bn and had 1.9bn monthly users across its apps at the end of the year, said its incoming chief executive Liang Rubo today.
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