markets · · proactiveinvestors.com

Bunzl shares fall 5% after trading update as Jefferies flags softer second-half margin

Bunzl PLC (LSE:BNZL) shares fell as much as 5% to an intraday low of 2,678p on Tuesday after the distribution group reiterated its full-year guidance despite better-than-expected third-quarter revenue growth. Underlying revenue rose 4% year on year in the third quarter, slightly ahead of Jefferies' 3% forecast, although growth slowed from 4% in the second quarter.

Bunzl shares fall 5% after trading update as Jefferies flags softer second-half margin

Bunzl PLC (LSE:BNZL) shares fell as much as 5% to an intraday low of 2,678p on Tuesday after the distribution group reiterated its full-year guidance despite better-than-expected third-quarter revenue growth. Underlying revenue rose 4% year on year in the third quarter, slightly ahead of Jefferies' 3% forecast, although growth slowed from 4% in the second quarter.

  • #BZLFY