FTSE 100 sees best winning streak in two years as trade war fears abate Markets The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]
Bunzl shares plunge after FTSE 100 giant cuts forecast Business Bunzl shares plunged 23 per cent in early deals on Wednesday after the FTSE 100 giant cut its 2025 guidance following a tough first quarter. This was driven by softer-than-expected revenue growth in the UK and Ireland and margin pressure in its largest North American business, which weighed on performance. The distribution titan said revenue [...]
Bunzl: FTSE 100 giant looks to further deals in 2025 after profit jumps Industrials FTSE 100 international distribution and services company Bunzl has reported a slight decline in revenue on a reported basis for 2024. Revenue stood at £11.78bn ($14.91bn), a 0.2 per cent decrease on a reported basis but up 3.1 per cent at constant exchange rates. Adjusted operating profit increased by 7.2 per cent at constant exchange [...]
Bunzl: Shares in FTSE 100 giant tumble after issuing warning December 17, 2024 Shares in outsourcing giant Bunzl tumbled early on Tuesday after it warned “more persistent” than expected deflation would weigh on profit in 2024. The impact is likely to be felt most by its Continental Europe division, however Bunzl still anticipates a “strong increase” in group full-year adjusted operating profit when compared with 2023. Shares fell [...]
Bunzl: FTSE 100 giant gears up for more dealmaking and share buybacks October 24, 2024 Bunzl said it was gearing up for another spate of dealmaking today as it bought back another tranche of its shares and reported a boost in earnings over the summer. In a trading update for the period since June, the FTSE 100 outfit said it had recorded a 5.4 per cent lift in revenues over [...]
Bunzl: FTSE 100 giant upgrades profit guidance amid record year for acquisitions August 27, 2024 Specialist distribution group Bunzl has upgraded its profit guidance once more and reported a strong first half as its resilient business model continued to hold up. The FTSE 100 company reported a decline in revenue of 0.4 per cent at constant exchange rates to reach £5.7b, with “underlying revenue trends improving in the second quarter [and] [...]
Bunzl upgrades guidance following string of successful acquisitions June 27, 2024 Specialist distribution group Bunzl has upgraded its operating profit guidance following a string of successful acquisitions.
FTSE 100 close: Housebuilders drag London’s premier index into the red after CMA warning February 26, 2024 The biggest news of the morning was the Competition and Markets Authority's (CMA) announcement that it had found "fundamental concerns" with the housebuilding market.
Bunzl snaps up two more firms as dealmaking spree continues October 24, 2023 Outsourcing giant Bunzl has announced two more acquisitions, bringing its tally for the year to 14 and at a total spend of more than £425m.
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]