Company
Bunzl PLC
LON:BNZL
Bunzl is a FTSE 100 specialist distribution group with operations in 23 countries across 4 continents. Bunzl supplies a wide range of consumable products such as food packaging, disposable tableware and catering equipment, cleaning and hygiene supplies, guest amenities, personal protection equipment, packaging and healthcare consumables to various customer markets including grocery, foodservice, cleaning and safety, non-food retail and healthcare.
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FTSE 100 kicks off March with bang as defence stocks surge; bitcoin surge peters
London's blue-chip index has reached another new all-time high
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FTSE 100 gains as Bunzl, easyJet soar but housebuilders fall
The FTSE 100 gained on Tuesday as miners and oil firms helped to buoy the index
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FTSE 100 Live: Stocks soar as China acts and housebuilders jump
At the close, London's lead index was up 126.41 points, 1.7%, at 7,464.99 while the FTSE 250 jumped 337.57 points, 1.9%, to 18,468.59
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FTSE 100 slides on oil price weakness to close at 8-week low
At the close, the UK's main index had suffered a 1.4% loss on the day to finish at 7,522 points
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FTSE 100 closes 1.72% higher as Santa rally takes hold
Britain's blue-chip benchmark finished around 126 points higher, or 1.72%, at 7,497
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FTSE 100 closes higher on hopes of Chinese reopening
At the close, the UK's blue chip index finished in a cheery mood, up 0.1% at 7,371 points
Bunzl leaves guidance unchanged after 'strong' third-quarter performance
The distribution group said it expects group operating margin in 2022 to be higher than historical levels and only slightly lower than that achieved in 2021
Bunzl 'deserves premium rating' - broker
The shares trade at 15 times 2023 earnings per share or an EV/EBITDA ratio of 9.8 times
Bunzl hikes interim dividend almost 7% as inflation supports margins
Six acquisitions were completed in the period, following 14 the previous year
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FTSE 100 closes lower as US markets resume falls on rate hike concerns
At the close, the UK blue-chip index was down 65.68 points, or 0.9% at 7,361.62, just above the day’s low of 7,351.12 and well below the session peak of 7,486.40
Week ahead: Bunzl, Kainos, Ashmore, HP, Lululemon results plus UK housing and US jobs data
Other results and earnings in the week include Alfa Financial, CentralNic, Chesnara, Eco Animal Health, Eurocell, Gulf Keystone, Johnson Service and Omega Diagnostics
Bunzl has 'excellent scope' to deliver more steady upgrades - broker
Inflation "has perhaps relieved some cost pressures with client pricing agreements on cost inputs in place" say analysts at Shore Capital
Bunzl goes on global shopping spree with four more deals
“The group's strong balance sheet continues to support our compounding growth strategy, with our acquisition pipeline remaining active," said CEO Frank van Zanten
Bunzl, 168 years as an obscure company
Bunzl has bounced back strongly after the market turned its back on it at the start of the Covid pandemic.
Bunzl PLC's operating margins to be slightly higher than historical levels
The company expects higher annual revenue though inflation continues to bite
FTSE 100 finishes last day of June almost 2% lower as 'reality continues to bite' for investors
The blue-chip benchmark closed the last day of June out lower, shedding around 143 points, or 1.96%, at 7,169
UK economy, oil services and plastic forks on Thursday's agenda with updates on GDP, Hunting and Bunzl
Thursday's company news is a little thin but Bunzl has been doing well recently
Bunzl to buy German cleaning and hygiene business
The international distribution and services group said it will buy German-based Hydi.de
Bunzl says inflation boosts revenue growth in first quarter
"Overall, inflation remained particularly supportive to our businesses in North America," the company said
Bunzl sees 'strong' full-year performance with revenue growth boosted by acquisitions
The distribution and services company expects revenue for 2021 to grow by 2% year-on-year at actual exchange rates and by 7% on a constant currency basis
Bunzl now expects a wee bit of underlying revenue growth in 2021
Underlying revenue growth at constant exchange rates was 2.5% in the third quarter
Bunzl revenues still boosted by COVID-19 related demand
Sales of the top eight Covid-19 related products contributed 6.4% to the underlying growth
Bunzl weak as Barclays downgrades rating to 'equal-weight' from 'overweight'
The bank also cuts its target price for the stock to 2,350p from 2,750, with Bunzl shares currently trading at 2,411p, down 1.4% on Thursday's close
Bunzl continues shopping spree with Canadian acquisition
The firm expects full-year revenue to increase by 9%, due to similar levels of growth from both the increase in organic revenue and the impact of acquisitions
Bunzl downgraded to ‘neutral’, Sanne upgraded to ‘overweight’ as JP Morgan looks at healthy business services sector
The sector has weathered COVID-19 relatively well but most companies should see strong earnings growth in 2021, says the bank
Bunzl snaps up another PPE distribution business
“Our acquisition pipeline remains promising with a number of discussions ongoing,” says CEO Frank van Zanten
Bunzl protects sales with masks, sanitisers orders
Revenue in the second half of the year is expected to grow “strongly”
Bunzl target prices hiked at RBC, Barclays, JP Morgan and Credit Suisse following strong first half
Barclays said the results had shown the company’s “resilience in hardest-hit areas” and raised their earnings forecasts for the 2020 financial year by 10%
Bunzl hands out dividend boost as COVID-19 products boost trading
It has been a better than expected trading performance during the first half of the year
Bunzl and Rentokil get upgrades from JPMorgan as virus effects not as bad as feared
Both companies are expected to be looking at acquisitions as we move into the second half of the year
Bunzl motors higher as first half trading comes in better than expected
The distribution specialist said “significant sales volumes” of coronavirus-related products and strong performances in its cleaning & hygiene and healthcare sectors had offset sharp declines from the grocery and foodservice sectors
Bunzl not the defensive stock that you're looking for, says UBS
Analysts reckon the support services sector will not only be hit in the fallout from the coronavirus pandemic but also will see a muted rebound next year
'Critical supplier' Bunzl shuns dividend as coronavirus hits foodservice and retail
The cleaning & hygiene and safety sectors are expected to see “mixed” trading in coming months, while grocery and healthcare sectors are expected to be robust
Bunzl back on the acquisition trail after weak pound boosts 2019
The hyper-acquisitive distribution group made only three purchases in 2019
Builders and building materials
"Sell Bunzl" says Berenberg as slowdown becomes entrenched
Elsewhere, Peel Hunt analysts downgraded Ashtead, Equiniti and Serco
Bunzl keeps full-year guidance unchanged, acquires Australian business
Group revenue will inch up 1% at constant exchange rates due to acquisitions while underlying revenue will be flat year-on-year
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Bunzl, oil duo and unemployment numbers in Tuesday's diary
Oil services companies Petrofac and Hunting are due to provide trading updates after a mixed time of late
Bunzl to remain under pressure until year-end
In the three months to 30 September, group revenue was up 4% while underlying revenue dipped 1%, in line with half-year figures
Bunzl cautiously nudges dividend as earnings flatten off
Adjusted earnings per share were up 2% in the first half but if currency swings are ignored they were flat
Bunzl growth slows further in second quarter
The FTSE 100 group said underlying revenue growth has slowed to just 1% in the half-year, from 1.5% in the first quarter
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FTSE 100 still stuck in neutral; G20 meeting can't come soon enough
Bitcoin is up more than 10% but the shine has come off gold a bit
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Bunzl to take Wednesday spotlight as this week’s only blue-chip update
The FTSE 100 logistics group doesn't normally discuss profits in its trading statements, however if it does in this week's update analysts will be looking at operating margins and its US performance
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FTSE 100 closes shade higher as investors still fret about trade
On Wall Street, stocks were heading higher, through albeit with not much gusto