Bunzl: Inflation spike lifts FTSE 100 outsourcing firm’s revenue Retail Distributor Bunzl saw a boost in its bottom line after the firm was able to pass on inflationary pressures to customers. The FTSE 100 outsourcing group recorded a three per cent rise in revenue to £5.93bn in the first half of the year, bolstered by commodity-driven price adjustments and growth across North American markets. Bunzl’s [...]
As it happened: FTSE 100 slides as bound rout deepens; Oil jumps as Trump vows more strikes on Iran FTSE 100 Live Welcome back to the City AM liveblog. The London market is returning from the Bank Holiday break to a fall as tensions in the Middle East are simmering over again leading to the price of oil moving higher. Brent crude – the international benchmark for oil prices – climbed over $91 per barrel on Tuesday, [...]
Bunzl: FTSE 100 giant hit by Rachel Reeves’ tax grab Business Profit at distribution titan Bunzl took a hit in the first six months of 2025 as challenging economic conditions weighed on the firm’s books. The FTSE 100 giant’s adjusted operating profit came in at £404.5m for the half, an 11.2 per cent drop from £455.5m for the same period the year prior. Despite this shares [...]
FTSE 100 sees best winning streak in two years as trade war fears abate April 22, 2025 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 April 16, 2025 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 March 3, 2025 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.