City snapshot: Tesco to face in-depth phase 2 investigation into £3.7bn Booker merger

The Competition and Markets Authority said this morning that shoppers could face “worse terms” when buying groceries in more than 350 local areas where there is currently an overlap between Tesco shops and Booker-supplied symbol stores. Plus, strong first quarter for B&M Bargains as rising prices drive shoppers into its shops; SSP Group reports soaring sales in the third quarter; and debit card payments overtake cash in the UK