Bunzl: FTSE 100 giant upgrades profit guidance amid record year for acquisitions Industrials 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 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.
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 [...]
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 [...]