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News Out of Europe: Tesco Buys Booker

Britain's biggest supermarket buys wholesaler Booker for $4.6 billion.

Here is a round-up of the news out of Europe.

Britain's biggest supermarket, Tesco, has bought wholesaler Booker. The $4.6 billion deal will see Tesco pay 205.3 pence per share.

The world's biggest wealth manager posted better-than-expected results. UBS (UBS) - Get Free Reportearned €0.19 per share, ahead of analysts' forecasts.

BT's (BT) third-quarter earnings plunged nearly 60% after the telecom firm took a £268 million charge over the accounting scandal in its Italian unit.