Bunzl shares fall as distribution giant warns on profit
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in distribution giant Bunzl dropped on Tuesday morning after it warned “more persistent” than expected deflation would hit its bottom line. We continue to execute on our capital allocation commitments, and welcome C&C and Comodis to the Group, enhancing our offerings in the UK and France Frank van Zante, Bunzl chief executive Bunzl makes most of its money from delivering things like food packaging, labels and cleaning products to companies. In a Tuesday morning update, Bunzl said price deflation would have a “slight impact” on profit for the calendar year 2024.
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