Bunzl plc one of the biggest FTSE risers
10 February 2010
Bunzl on Monday reported better 2009 profits than expected as the annual results reporting season began to move into its busiest period.
The support services group, which distributes products including food packaging, catering equipment and protective clothing, was kicking off a week in which FTSE 100 stalwarts Lloyds Banking Group, Royal Bank of Scotland, Capita, Centrica, Serco and British American Tobacco will tell the market how they fared last year.
Aided by favourable currency movements, Bunzl’s statutory pre-tax profit rose 4 per cent to £216m. On an underlying basis, pre-tax profit was £257.8m, beating the £246m consensus analyst forecast compiled by the company.
Bunzl shares closed up nearly 4 per cent up at 670p, making it one of the biggest risers in the FTSE 100.
