Bunzl upgrades guidance following string of successful acquisitions BUSINESS 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 Markets 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.
FTSE 100 close: London index reverses losses as Bunzl struggles markets 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 [...]
Bunzl acquires four firms and sells healthcare arm December 20, 2022 Bunzl has acquired four businesses and has agreed to sell its UK healthcare division. The specialist distribution group, which sells global businesses a variety of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, said the transactions would be profit neutral. The FTSE-100 firm said it would sell its [...]
Investors set to be cheered by Bunzl’s climbing profits December 18, 2022 Specialist distribution group Bunzl is set to have waded through cost inflation and supply chain challenges and emerged with strong sales at the end of the year. The FTSE 100 company, which sells global businesses a wide range of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, will [...]
Bunzl snaps up Aussie warehousing firm in flurry of acquisitions August 2, 2022 London-listed distribution firm Bunzl said it was poised to snap up four new firms today as it readies an expansion into the warehousing solutions space.
Bunzl’s UK revenue sinks amid supply chain troubles August 31, 2021 Distribution and services group Bunzl has seen its UK revenue sink amid supply chain disruptions, but keeps its sights locked on growing past 2019’s revenue. In the UK, revenue sank 10.3 per cent as Covid-19 related sales began to ween, which was knocked by a “slow return to normal activity amongst manufacturing and construction customers, [...]
Bunzl shares rise as demand for cleaning kit spikes amid pandemic June 15, 2020 Bunzl’s share price rose considerably in early trading today as it revealed half-year revenue is set to rise despite the pandemic. The FTSE 100 outsourcer said it expects revenue to the end of June to climb around six per cent despite the impact of coronavirus. That sent shares up six per cent to 1,997p. Hailing [...]
Bunzl reports higher profit as acquisitions drive growth February 24, 2020 Bunzl has reported a higher than expected annual profit with the distribution giant benefiting from a string of acquisitions, although growth in organic revenue slowed in North America, its largest market. Bunzl had warned last year that organic growth was slowing, and said this morning that sales from its grocery and retail business in North [...]
Bunzl profits ‘resilient’ despite slowing global economy and struggling UK sales August 27, 2019 Outsourcer Bunzl’s half year results were helped by the weakness of the pound as it boosted revenue and profit despite UK sales lagging behind the rest of its business. The FTSE 100 distribution giant reported a modest rise in pre-tax profit and nudged its dividend up two per cent. Shares fell in early trading but [...]