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News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
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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RBC downgrades Compass as future direction becomes less clear
RBC upped its share price target as it raised forecasts but cut its recommendation to ‘sector perform’ from ‘outperform’ due to valuation and some doubts about the market's future
Bunzl names Galliford Try's chairman Peter Ventress as chairman designate
"With many years of relevant commercial and board experience, I am confident that he will successfully lead Bunzl," said Philip Rogerson, who is due to vacate the chair of Bunzl in April 2020.
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FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
Bunzl’s announces retirement of long running finance director
Brian May will leave the company in February 2020 following a hand over to incoming CFO Richard Howes.
Bunzl weak as Credit Suisse cuts rating to ‘underperform’ following last month’s trading update
The Swiss Bank's analysts said a combination of limited organic growth and falling underlying margins should more than offset the on-going opportunity for the group to grow its business via M&A
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Zoo Digital mauled as it warns of break-even second half
A look at some of the biggest risers and fallers in London on Wednesday
Bunzl hit by weak retail market as underlying revenue growth slows
The slowdown was largely due to the FTSE 100-listed firm's North American business, which saw underlying revenue growth ease to 1% in the quarter following weaker sales in the grocery and retail sectors
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FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
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Inflation data to take macro spotlight on Wednesday, BHP top-billed for company news
UK inflation figures recently dropped below the Bank of England’s 2% target rate following lower commodity prices at the end of 2018
Investments and investor services
FTSE 100 closes flat as traders don't know which way to turn
Footsie closed down around 0.19 at 7,436, while mid-cap FTSE 250 was up around 95 points at 19,807
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Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Bunzl weak as Credit Suisse cuts rating to ‘neutral’ from ‘outperform’ amid concerns over margin pressure
The Swiss bank's analysts expect that the group’s underlying earnings (EBITA) margins will continue to decline driven by rising operational costs and large sophisticated clients
Bunzl prepared for post-Brexit supply chain disruption
"Despite mixed macroeconomic conditions, with an active pipeline of acquisition opportunities, we believe that the prospects of the group are positive due to its strong market position and well established and successful strategy to grow th
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Barclays lifts target price, estimates for Bunzl in wake of latest trading update
The bank hiked its target for the FTSE 100-listed stock by 4% to 2,600p, up from 2.500p previously, with its shares currently trading at 2,435p, down 0.1% on yesterday’s close
Investments and investor services
FTSE 100 reverses into close to finish lower as ECB ends QE stimulus program
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
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Can Sports Direct avoid the high street gloom when it updates the market on Thursday
Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.