Bunzl Plc Acquisition
5th Jul 2010 07:00
TIDMBNZL RNS Number : 7363O Bunzl PLC 05 July 2010 ? 5 July 2010 BUNZL ACQUIRES GLOBAL NET IN BELGIUM Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired
Read moreLondon close: Lower finish after budget
22nd Jun 2010 16:40
The budget did little to change the overall direction of the leading share index, which fell in early dealings and remained stuck in the red, though there was movement in specific sectors. A widely expected rise in Capital Gains Tax (CGT) was implemented, with higher rate payers to pay 28% from mid
Read moreLondon afternoon: Market takes tax hikes on chin
22nd Jun 2010 14:17
Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
Read moreLondon midday: Budget casts shadow over Footsie
22nd Jun 2010 12:04
Footsie is lower ahead of today's emergency Budget with markets uneasy given the tough rhetoric beforehand from chancellor George Osborne. The sentiment boost enjoyed yesterday following the announcement that China is to stop pegging its currency to the US dollar has worn off, as can be seen by the
Read moreLondon open: Lower ahead of Budget
22nd Jun 2010 08:46
Footsie has opened lower ahead of the coalition government's eagerly awaited emergency budget, which will be revealed around lunchtime. Chancellor George Osborne has been vocal about making Britain competitive by cutting corporation tax so that big businesses find it worthwhile to come to the coun
Read moreMARKET TALK: Panmure Raises Bunzl Price Target
22nd Jun 2010 08:44
0744 GMT [Dow Jones] Panmure Gordon raises Bunzl (BNZL.LN) price target to 769p from 738p following the company's solid trading update. The update confirms further progress in the company's dominant US operations as it wins further growth from existing customers, sys Panmure. It also notes the favor
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 08:44
0658 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is strong, says Shore Capital, with like-for-like sales ahead by 7.6% in the three months to June 3, 2010. Shore says the strong performance reflects excellent like-for-like growth of 10.5% at Premier Inn, 3.6% at Pub Restaurants and the continued
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 08:44
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0744 GMT [Dow Jones] Panmure Gordon raises Bunzl (BNZL.LN) price target to 769p from 738p following the company's solid tradi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 08:44
0648 GMT [Dow Jones] Barclays Capital initiates coverage of Centrica (CNA.LN) at underweight, with 295p price target. Says Centrica has outperformed the utilities sector by around 25% over the last 12 months. Says the outperformance has been due to an improving outlook for the company's downstream b
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
22nd Jun 2010 08:16
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0716 GMT [Dow Jones] Seymour Pierce downgrades Bunzl (BNZL.LN) to hold from buy, as the shares have reached its target pri
Read moreMARKET TALK: Seymour Pierce Downgrades Bunzl To Hold
22nd Jun 2010 08:16
0716 GMT [Dow Jones] Seymour Pierce downgrades Bunzl (BNZL.LN) to hold from buy, as the shares have reached its target price. Says the shares have had a strong run and are now trading on 13.1x 2010 earnings. Notes the company's 2Q trading update indicates there has been some progress since 1Q. Says
Read moreLondon pre-open: Budget looms
22nd Jun 2010 07:37
London's top stock look set to open around 40 points lower ahead of the coalition government's eagerly awaited emergency budget which will be revealed around lunchtime. Chancellor George Osborne has been talking tough since taking office, but now he will have to play his hand and analysts will spe
Read moreMARKET TALK: Bunzl Trading Statement In Line - Analyst
22nd Jun 2010 07:30
0630 GMT [Dow Jones] Bunzl's (BNZL) trading statement is in line with expectations, says an analyst. Notes in particularly the company's success in winning business in the US is good news. Also sees better margins in the UK and Ireland, although revenue in the first half is below the same period las
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:30
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0630 GMT [Dow Jones] Bunzl's (BNZL) trading statement is in line with expectations, says an analyst. Notes in particularly th
Read moreBunzl Sees FY Trading In Line With Views, Revenue Growth 2%
22nd Jun 2010 07:09
LONDON (Dow Jones)--Bunzl PLC (BNZL.LN), an international distribution and outsourcing Group, said Tuesday that overall, trading is in line with full year expectations with Group revenue growth of 2%. MAIN FACTS: -Group operating margin has improved compared to the same period in 2009 as a r
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