London open: Stocks set new record as Chinese slowdown fuels stimulus hopes
15th Apr 2015 08:44
UK stocks reached a new all-time high on Wednesday morning as a raft of weak economic figures from China gave shares in the heavyweight mining sector a boost on hopes of further stimulus from Beijing. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industria
Read moreBunzl first quarter revenue rises on acquisitions
15th Apr 2015 08:12
Business supplies distributor Bunzl said trading in the first quarter was in line with expectations put forward at the company's annual results announcement in February. The FTSE 100 company posted a 6% increase in revenue on an annualised basis, driven by underlying growth of approximately 2% and t
Read moreWednesday broker round-up
14th Apr 2015 18:58
Bunzl: Investec reiterates hold with 2,00p target. Michael Page: JP Morgan Cazenove reiterates neutral and lifts target to 490p from 479p. Vesuvius: JP Morgan Cazenove downgrades to neutral. Next: JP Morgan Cazenove lifts recommendation to overweight with a 7,700p target, up from 7,100p. Greggs:
Read moreTuesday tips round-up: Bunzl, Dechra Pharmaceuticals
24th Feb 2015 16:45
Despite foreign exchange headwinds and the economic slowdown on the continent, Bunzl continues to sport a multiple of over 21 times earnings. The company, which distributes a range of workaday cleaning goods to firms around the world, is now the 63rd largest on the stock market. Despite having alrea
Read moreLondon close: HSBC dampens sentiment as investors wait on Greek news
23rd Feb 2015 16:30
A plunge in the share price of HSBC, falling commodity stocks and a lack of news regarding Greece ensured that UK equity markets remained in the red on Monday, with investors cautious with shares near all-time highs. HSBC dropped nearly 5% after the global lender missed forecasts with a sharp drop i
Read moreLondon midday: HSBC drags UK stocks lower despite progress in Greece
23rd Feb 2015 15:31
European markets breathed a sign of relief on Monday as concerns over Greece eased, though UK stocks didn't join in with the rally after HSBC disappointed with results and commodity stocks weakened. HSBC had fallen nearly 6% after the global lender missed forecasts with a sharp drop in profits for 2
Read moreLondon open: Weak HSBC results keep FTSE flat early on
23rd Feb 2015 08:54
After briefly testing an all-time high on the back of Greece's bailout extension, the FTSE 100 quickly reversed into the red on Monday morning on the back of disappointing results from banking heavyweight HSBC. HSBC's shares were down as much as 5% early on after the global lender reported a drop in
Read moreBunzl delivers small profit increase for 2014.
23rd Feb 2015 07:26
Distribution group Bunzl published its full-year results for 2014 on Monday, revealing a small increase in pre-tax profit, as the company announced its latest two acquisitions, Quirumed in Spain and Jan-Mar Sales in Canada. Statutory profit before tax advanced 3% to £299.8m while revenue experienced
Read moreLondon pre-open: FTSE 100 to test record highs on Greek bailout extension
23rd Feb 2015 06:49
UK stocks are expected to test record highs on Monday as markets breath a sigh of relief after Greece was granted an extension on its bailout agreement with the Eurozone. City sources predict the FTSE 100 will open around 30 points higher than Friday's close of 6,915.20. The index is set to surpass
Read moreLondon pre-open: Stocks to fall further ahead of data-heavy session
6th Jan 2015 07:43
UK stocks were expected to open slightly lower on Tuesday ahead of a busy day for economic data, extending losses after dropping sharply to a three-week low. City sources predict the FTSE 100 will open 12 points lower than Monday's close of 6,417.16. The index suffered a 2% sell-off the previous se
Read moreBunzl buys Tillman to expand US safety business
6th Jan 2015 07:15
Distribution group Bunzl has expanded its safety business in North America with the acquisition of California-based Blake H Brown, which trades as Tillman. Tillman sells a variety of personal protection equipment, mainly gloves, to distributors in the welding and industrial sectors. The deal was ag
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreBunzl revenues rise 6% in 2014 as company eyes acquisitions
11th Dec 2014 07:55
Distribution and outsourcing group Bunzl said revenues are expected to rise around 6% over 2014 at constant exchange rates, and said it sees further "opportunities" to invest and grow. The company said this reflected underlying growth of 2.5%, with increases across all areas of the business, as well
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