Bunzl says trading in line with views

OUTSOURCING firm Bunzl yesterday announced that trading had been in line with expectations and forecast revenues to grow by two per cent for the six months ending 30 June.

However, group operating margin is expected to remain flat year-on-year for the period due to costs from increased acquisition spend, additional debt and new accounting regulations.

The firm has made four acquisitions this year, with annual revenues totalling over £150m.

Bunzl’s share price closed 0.9 per cent lower at 1,244.47p.