Bunzl under the cosh on HSBC downgrade
9th Sep 2016 09:41
(ShareCast News) - Bunzl was under the cosh on Friday as HSBC downgraded its stance on the distribution and outsourcing group to 'hold' from 'buy' given the valuation multiples and macroeconomic uncertainty. "We expect that margins in Europe and UK are likely to be hit by a weaker exchange rate rela
Read moreWednesday broker round-up
31st Aug 2016 16:34
(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with
Read moreBunzl H1 profit up, sees no material hit from Brexit
30th Aug 2016 07:14
(ShareCast News) - Distribution and outsourcing group Bunzl reported a rise in first-half profit as revenue grew and the company lifted its interim dividend following a number of acquisitions. For the six months to the end of June, pre-tax profit increased to £155.6m from £147.1m on revenue of £3.4
Read moreBunzl sees revenue growth driven by acquisitions
29th Jun 2016 07:01
(ShareCast News) - Distribution company Bunzl said group revenue for the half year is forecast to increase by 9% at actual exchange rates and 6% at constant rates, largely due to the impact of acquisitions. "Consistent with the trends seen during the second half of 2015, underlying revenue in the fi
Read moreBunzl buys into German incontinence market
5th May 2016 08:22
(ShareCast News) - International distribution and outsourcing group Bunzl announced two fresh acquisitions in Germany on Thursday. The FTSE 100 firm confirmed it has entered into an agreement to acquire both Mo Ha Ge Mommsen Handelsgesellschaft mbH and Inkozell Zellstoff-Vertrieb GmbH. Both busines
Read moreBunzl first-quarter revenue up 13%
20th Apr 2016 07:32
(ShareCast News) - FTSE 100 distribution company Bunzl reported a rise in first-quarter revenue and expressed confidence over its ability to deliver further growth. In a statement for the period since the end of December, the company said overall trading has been consistent with expectations at the
Read moreGrowth-by-acquisition pays off for Bunzl
29th Feb 2016 07:14
(ShareCast News) - A strategy of growth by acquisition was paying off for Bunzl on Monday, with the company reporting positive numbers in the 2015 calendar year. The FTSE 100 distribution and outsourcing firm saw revenue grow 5% in both reported and constant currency terms, to £6.49bn, from £6.16bn
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreExane upgrades DCC and Experian, downgrades Bunzl
29th Jan 2016 15:44
(ShareCast News) - Exane BNP Paribas has upgraded DCC and Experian Group from 'neutral' to 'outperform', while downgrading Bunzl from 'outperform' to 'neutral'. In a note about the support service sector on Friday, the investment bank said DCC is the sector's main beneficiary from falling oil prices
Read moreBunzl chief executive Roney to retire
14th Jan 2016 07:39
(ShareCast News) - Bunzl's chief executive Michael Roney has decided to retire from the company after more than 10 years in the role. The distribution and outsourcing group said Roney will stand down from his position and the board following the conclusion of the annual general meeting on 20 April.
Read moreBunzl sees FY revenue growth at 5%; makes 3 new acquisitions
16th Dec 2015 07:30
(ShareCast News) - The positive impact of acquisitions is expected to boost full year group revenues at distribution group Bunzl by 5% at constant currency rates, the company said on Wednesday. The company added it was buying three more businesses in France, Chile and Spain, taking its total acquisi
Read moreBunzl's static organic growth disappoints
21st Oct 2015 07:43
(ShareCast News) - Third-quarter results from Bunzl disappointed as the distribution group saw underlying revenue remain stuck flat against last year, with a new Canadian acquisition announcement not lifting sentiment. Thanks to acquisitions, the FTSE 100 company said its revenue for the third quart
Read moreBunzl posts 11% rise in first-half profit, announces four acquisitions
24th Aug 2015 07:23
(ShareCast News) - Bunzl posted an 11% rise in first-half pre-tax profit as revenue grew and the distribution and outsourcing company made four acquisitions. For the six months ended 30 June, pre-tax profit came in at £147.1m from £132.3m, on revenue of £3.14bn, up 7% from the first half of last yea
Read moreWeek ahead: US inflation watchers train sights on Jackson Hole
21st Aug 2015 12:54
(ShareCast News) - After a week ahead of considerable stock market retreats, the important Jackson Hole central bank symposium will from Thursday provide the market with some enlightenment on the thinking of some key Federal Reserve figures, with plenty of economic data in the preceding days. After
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
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