Bunzl sees improving revenue trend
19th Oct 2009 07:02
Distribution group Bunzl said it had seen a slight improvement in revenues since reporting first half results and that it was benefiting from cost-reduction initiatives. Bunzl, which specialises in the delivery of consumable products that businesses do not actually sell, said underlying revenue in
Read morePhilip Rogerson to chair Bunzl
16th Oct 2009 07:52
Distribution and outsourcing group Bunzl has made Philip Rogerson its new chairman and announced the retirement of interim chairman Jeff Harris. Rogerson will join the board as chairman designate on 1 January next year and take up the role in full at the start of March. He'll give up his current p
Read moreGrid finance chief sells again
24th Sep 2009 17:14
Gas and electricity network operator National Grid has sailed through the turbulence of the past year relatively unscathed. The share price now is still lower than this time in 2008, but has bounced strongly since April and finance director Steve Lucas is taking advantage to sell his second chunk
Read moreTuesday tips round-up: Petrofac, Bunzl, G4S
25th Aug 2009 05:53
Petrofac once again defied all expectations with its interim results yesterday. Cautious investors will rightfully wonder whether it is time to book profits. The Independent thinks not; besides the convincing earnings story - forecast upgrades are likely to be forthcoming in light of yesterday's u
Read moreLondon close: Stocks finish ahead
24th Aug 2009 16:23
London's leading shares have finished the day with comfortable gains as miners and banks stole the limelight. Mining giant Rio Tinto is reportedly in talks with the Aluminium Corporation of China (Chinalco) over co-operation in bauxite and alumina production. The Australian Financial Review newspap
Read moreLondon afternoon: Centrica claims victory
24th Aug 2009 14:33
The Footsie regained some of its momentum over the lunch-time session, helped by expectations of a firm start on Wall Street. Centrica is wanted after it declared victory in its battle to take over Venture Production. The British Gas owner bought another 8.4% of Venture shares this morning, taking
Read moreBroker tips: WPP, G4S, Bunzl
24th Aug 2009 13:02
Security solutions provider G4S is still enjoying top-line growth but the 4.8% improvement in organic growth over the first half of the year disappointed the market. Broker Panmure Gordon observes that currency movements had something to do with the lower than expected improvement in organic growth
Read moreBroker snap: Bunzl on the prowl
24th Aug 2009 12:42
Distribution and outsource specialist Bunzl was wanted Monday morning after reporting a rise in interim pre-tax profits. The figures were a tad below Ambrian's forecasts, but at least they contained no nasty surprises. 'The weakness in the UK & Ireland had been clearly flagged as the business mix i
Read moreLondon midday: Footsie backs off from 4900
24th Aug 2009 12:06
London's blue-chips are off the top but still predominantly in the blue. Strong miners and financials helped push the FTSE 100 index above 4900 shortly before 11:00am but this just encouraged profit-takers to make their move. Advertising firm WPP was the morning's best performer ahead of results o
Read moreLondon open: Miners on the rise
24th Aug 2009 08:21
Miners are leading the way in early dealings on Monday, with silver miner Fresnillo the best performer. Fresnillo is up almost 3%, with Eurasian Natural Resources, Randgold Resources and BHP Billiton also going well. Oil services group Petrofac lifted its dividend for the six months to June 30 as
Read moreLondon pre-open: More gains expected
24th Aug 2009 07:48
Footsie is expected to build on its strong gains of last week in early dealings, heading ever closer to the 5,000 point mark. Oil services group Petrofac lifted its dividend for the six months to June 30 as revenues and profits rose in spite on the sharp drop in oil prices from the same period the
Read moreBunzl interim profit up
24th Aug 2009 07:11
Distribution and outsource specialist Bunzl reported a rise in interim pre-tax profits but warned that the challenging economic environment will continue to put pressure on underlying sales and profitability. Profit before tax and intangible amortisation was up 4% to £115.5m although down 11% at co
Read moreWeek Ahead: Bunzl, G4S, Diageo
21st Aug 2009 12:18
A busier week than last week is in store with FTSE 100 stocks Bunzl, G4S, Admiral, Serco, WPP Group, Cairn Energy, Kazakhmys and Diageo all due to make trading announcements. Distribution and outsource specialist Bunzl gets the show on the road on Monday with its interim results. The company has al
Read moreLondon close: Footsie adds to week's gains
17th Jul 2009 16:28
Footsie rounded off its best week since March with more gains. Miners were prominent among the risers. Eurasian Natural Resources, Xstrata, Vedanta Resources and Rio Tinto are doing well. British Airways climbed after saying it is raising £600m, including a £300m convertible issue and another £30
Read moreLondon midday: Footsie on course for strong week
17th Jul 2009 12:15
London is heading for its best week in three months as miners climb, while British Airways is flying high despite a £100m first quarter loss. The FTSE 100 got off to a decent start following a late rally on Wall Street last night and better than expected numbers from IBM and Google and has carried
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