City snapshot: Tesco and Booker expect CMA decision on £3.7bn merger this week

The Competition and Markets authority is expected to unveil its provisional findings on the £3.7bn Tesco takeover of wholesaler and cash & carry operator Booker this week. Plus, the CMA is considering whether the £1bn takeover of Cott’s bottling operations, which includes the business in the UK, by Refresco will lessen competition in the sector.