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
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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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
Investments and investor services
FTSE 100 closes shade higher as investors still fret about trade
On Wall Street, stocks were heading higher, through albeit with not much gusto