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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.
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All eyes on UK parliament as Brexit deal circus reaches final act
Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Investments and investor services
FTSE 100 closes marginally higher as PM May defends draft Brexit deal
The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
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Royal Mail profit warning and management changes to overshadow first half results
The day ahead includes first half results from Royal Mail and a third quarter trading update from Bovis Homes
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
Bunzl says current overall performance is consistent with expectations, unveils Brazilian acquisition
The FTSE 100-listed group said its third-quarter revenue increased by 7% at constant exchange rates, driven by organic growth of around 4% and an impact from acquisitions, net of disposals, of 3%
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Whitbread’s interims to be overshadowed by August’s £3.9bn sale of Costa coffee business to Coca-Cola
Aside from Whitbead's interim results, the day ahead will also bring updates from the likes of St James's Place, Travis Perkins, Anglo American, and Bunzl
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Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Investments and investor services
FTSE 100 gets hit by sterling surge after Barnier's Brexit comments
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
Bunzl announces first acquisition in Norway as it reports growth in first half profits
Bunzl said it will continue to develop the business through organic growth and further acquisitions
FTSE 100 holds gains; Crypto storage firm granted insurance through Lloyd’s of London
The move by Lloyd's marks a change from a previous reluctance by insurance companies to cover the often volatile digital currency sector
Archive
Week ahead: Restaurant Group, Hays, Petrofac, WH Smith, Hunting, Bunzl...
The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
Bunzl eyes further acquisitions and sells non-core business
The pipeline for acquisitions “remains active” with ongoing discussions expected to result in further transactions this year, Bunzl said
FTSE 100 pushes higher as crude rallies; US stocks up
The UK index of leading shares closed almost 84 points higher at 7,621..
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Coffee boost eyed in Whitbread update as Costa spin-off awaited, but trends weaker
Aside from the Whitbread news, investors will also have a trading update from FTSE 100-listed distribution and outsourcing group Bunzl to digest on Wednesday
FTSE 100 crashes 2.26% as traders shun risk
FTSE 100 tanked on the day, along with other European indices
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Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
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Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Bunzl buys Monte Package and QS Nederland, posts quarterly revenue growth
Bunzl reported a 7% increase in first quarter revenue and said overall trading has been in line with expectations
Investments and investor services
FTSE 100 closes firmly higher as metals prices, sterling help
FTSE 100 gained support from higher metals prices and a slide in sterling on Wednesday to close higher
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Bunzl expected to report solid organic sales growth
Updates are expected from Bunzl, Countryside Properties and Jupiter Fund Management, among others
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High street issues to the fore as Debenhams, JD Sports, and Primark owner AB Foods provide updates
Week Ahead includes trading statements from Primark owner Associated British Foods, Debenhams, and JD Sports, plus Q1 numbers from Unilever, Reckitt Benckiser and Rentokil Initial
Marwyn Value says investee firm Safe Harbour to float on AIM after raising £22.7mln from institutions
Star fund manager Neil Woodford's Woodford Investment Management will take a 26% stake in Safe Haven. Invesco will have a similar holding
Bunzl delivers a 13% jump in full-year pre-tax profit boosted by recent acquisitions, weaker pound
The FTSE 100-listed distribution and outsourcing group said its adjusted pre-tax profit increased to £542.6mln for the year to 31 December 2017, up from £478.2mln a year earlier
FTSE 100 closes higher but below 7,300, as Wall Street heads north
London's blue-chips closed up around 45 points but below the 7,300 level
Archive
Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Bunzl buys two companies, expects tax break in US
The company’s aggressive buying hasn’t slowed in the new year
FTSE 100 closes at third successive new high but retailers lag
FTSE 100 closed in London around 14 points higher at 7,762
Serco, Equiniti and Page Group downgraded by Credit Suisse amid Brexit uncertainty
Credit Suisse has adjusted its ratings and target prices on a number of business service stocks
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Investments and investor services
Will Sports Direct International investors still be optimistic when interims come out on Thursday?
Sports Direct International, Ocado Group, PZ Cussons, and Bunzl are among the names in Thursday's agenda.
Archive
Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
Bunzl reports third quarter revenue growth and plans to make further acquisitions
Bunzl expects to make further acquisitions over coming months
FTSE 100 closes near flat as traders look for direction; Dow Jones surges
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
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Strong coffee needed to fuel Whitbread's first half performance after Costa's first quarter dip
Day ahead includes first half results from leisure giant Whitbread PLC, and third quarter updates from miner Anglo American PLC and wealth manager St James' Place Capital PLC
Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
Bunzl's first half revenues and profits grow as it completes first acquisition in China
Bunzl has been expanding its business through acquisitions and expects this strategy to support continued growth
Archive
Final week of August lull to bring US jobs data, results from the likes of Bunzl and Hays
The week ahead includes results from Bunzl PLC, Hays, PLC, Ladbrokes Coral PLC, a trading update from WH Smith PLC, and the September US jobs report
Bunzl sees first half revenue rising 7% boosted by acquisitions
Underlying growth rose 3% to 4% led by new business won in North America
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Day ahead: Retailers at opposite ends of shopping spectrum in focus
Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
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Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
FTSE 100 finished higher as miners support; supermarkets weigh
FTSE set to rise by fifteen points when the market opens
Bunzl boosted by Barclays upgrade to 'overweight', sees two-year upside to 3,000p a share
The broker’s analysts also increased their target price for the packaging firm to 2,550p, up from 2,450p previously, offering 9% upside potential above the current price
FTSE 100 finishes lower as Wall Street stumbles and investors mull inflation rise
Inflation jumped to 2.3% in February raising the prospect of higher interest rates
Bunzl's full year profit gains as acquisitions lift revenue
Bunzl has announced it is expanding into Singapore as recent acquisitions have helped bolster full year profits
Investments and investor services
FTSE 100 rises as rally in Unilever and Bunzl offset slump in motor insurers
At 3.33pm, the index of blue-chip shares was up just over 14 points at 7,257
Archive
Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
Clothing retailer Next names ex-Bunzl boss, Michael Roney as new chairman from August
Roney will take over from current incumbent John Barton, who will retire on August 1 having been the retailer’s non-executive chairman since 2006.
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Sirius Minerals named among the ‘top tips’ for 2017
Here we take a look at the medium and small cap companies included among Fleet Street's top stock market tips for 2017.
Next and Associated British Foods in vogue with Goldman
Broker upgrades Next and Primark owner ABF to 'neutral' from 'sell'
UK stocks weighed down by miners
Top UK stocks fell into negative territory late on Tuesday, weighed down by depressed mining stocks after copper prices hit a 10-week low
Investments and investor services
Miners weigh on Footsie but small caps advance
The Footsie was 3.4 points ahead at 6841.46 as precious metals lost their shine
FTSE 100 Index opens higher despite mining woe
The Footsie was 4.27 points ahead at 6842.32 as support services group Bunzl reported a strong first half
Week Ahead: Bunzl, ARM Holdings and 888 Holdings on the agenda
Not only is it a sorter week, but the diary suggest it fairly quiet for investors too.
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M&A set to drive Bunzl plc growth - Nomura
Some broker upgrades and downgrades on the day....
GlaxoSmithKline PLC boss to quit in 2017 amid shake-up talk
Drug giant says Andrew Witty will go in March 2017
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Beaufort Securities Breakfast Alert Alecto Minerals, Eurasia Mining, KEFI Minerals, Ortac Resources, Victoria Oil & Gas, WPP group
Market opening: The FTSE-100 is expected to start this morning's session around 24-points lower. New York: Wall Street ended in the red in a volatile trading session, despite a rally in oil prices. Weak economic data released in the US revi
Week ahead: Poundland to update on Spain venture
Poundland and the Royal Mail grab the corporate headlines but the Fed will also dominate the news
FTSE 100 loses £40bn on 'Black Monday'
The FTSE 100 continued to drop as the day progressed, losing 202 points or 3.2% to 5,984.
FTSE 100 has £80bn wiped off on Black Monday
On what some are calling ‘Black Monday’ the FTSE 100 was hit to the tune of £80bn, suffering its worst day since 2009.
Investments and investor services
Week Ahead: BHP Billiton expected to cut capex guidance
BHP Billiton is one of the big beasts declaring this week, and it may have to choose between cutting the divi or paring capex
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FTSE100 ends higher as investors optimistic over Greece
FTSE100 closed higher, after an upbeat session, as traders were cheered by hopes of a Greek debt deal.
Investments and investor services
FTSE 100 nudges higher as Greece deal moves forward
In the UK, the FTSE 100 was 18 points to the good at 6,844 with Sports Direct leading the way higher.
Bunzl unveils four acquisitions and predicts higher first-half revenue
Distributor says Tuesday's deals take it to 10 so far this year.
Archive
Broker Spotlight – Carnival, SKY, Go-Ahead, Bunzl, Standard Life, Gemfields...
It’ll soon be time for summer holidays, but first City brokers handed out a upgrades in the travel and leisure sector.
Broker Spotlight – Carnival, SKY, Go-Ahead, Bunzl, Standard Life, Gemfields...
It’ll soon be time for summer holidays, but first City brokers handed out a upgrades in the travel and leisure sector.