London close: Stocks finish weaker after earlier gains
24th Apr 2024 15:09
(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.
Read moreBunzl Q1 revenues fall on weaker US volumes, customer destocking
24th Apr 2024 07:32
(Sharecast News) - International distribution and services group Bunzl said revenue in the first quarter fell 2.4% on a constant currency basis, driven by lower volumes in its US foodservice redistribution business, American retail customers clearing inventory and deflation.
Read moreLondon close: Stocks fall as investors look to US data
26th Feb 2024 15:11
(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.
Read moreBunzl sees lower operating margins as US ops weigh
26th Feb 2024 07:03
(Sharecast News) - Shares in Bunzl slipped on Monday as the distribution specialist said it expected a slight fall in operating margin after posting a 10% rise in annual profits, as revenues were hit by weaker trading at its North American operations.
Read moreLondon close: Stocks rise on positive UK economic data
12th Jan 2024 15:39
(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.
Read moreNisbets founder in talks with Bunzl about potential sale
11th Jan 2024 13:09
(Sharecast News) - The founder of Nisbets, a privately-owned catering equipment company, is reportedly in talks about a potential sale to Bunzl that would value the firm at between £450m and £500m.
Read moreRBC says Bunzl shares are overvalued, keeps at 'underperform'
18th Dec 2023 08:34
(Sharecast News) - Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which reiterated an 'underperform' position on the distribution company on Monday.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
14th Dec 2023 16:40
(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.
Read moreBunzl upgrades full-year profit outlook
14th Dec 2023 07:16
(Sharecast News) - Bunzl upgraded its full-year profit outlook on Thursday, helped along by acquisitions.
Read moreBunzl profits in line with expectations despite challenges
24th Oct 2023 07:03
(Sharecast News) - Distribution services giant Bunzl said in a trading update on Tuesday that its revenue fell in nominal and real terms in the third quarter, although it reaffirmed its 2023 adjusted operating profit growth forecast.
Read moreBunzl offers strong value, says Shore Capital
13th Sep 2023 10:52
(Sharecast News) - Shore Capital has repeated its 'buy' recommendation for Bunzl, saying the distribution giant offers "strong value and investment credentials".
Read moreLondon pre-open: FTSE 100 to bounce off one-month low
15th Aug 2023 07:20
(Sharecast News) - London stocks were set for a slight rebound on Tuesday morning after falling to a one-month low, as investors digested some key data from the UK labour market, and a surprise rate cut in China overnight.
Read moreBunzl announces several new acquisitions, completes another
15th Aug 2023 07:08
(Sharecast News) - Distribution and service specialist Bunzl unveiled its latest strategic moves to expand its global presence on Tuesday, through the acquisition of several businesses in Spain, Brazil, the Netherlands, and Canada.
Read moreRBC Capital downgrades Bunzl to 'underperform'
12th Jul 2023 10:05
(Sharecast News) - RBC Capital Markets downgraded Bunzl on Wednesday to 'underperform' from 'sector perform' and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
Read moreBroker tips: Bunzl, Pearson
12th Jul 2023 07:53
(Sharecast News) - RBC Capital Markets downgraded Bunzl on Wednesday to 'underperform' from 'sector perform' and cut the price target to 2,550p from 2,850p as it said deflationary forces are building.
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