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The latest update is out from Bunzl plc ( (GB:BNZL) ).
Bunzl plc announced the repurchase of 80,000 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG London Branch, aligns with the authority granted by shareholders in April 2024 and reflects Bunzl’s strategy to manage its capital structure, ultimately canceling the repurchased shares. This move is part of Bunzl’s broader initiative, having repurchased over 5 million shares since August 2024, highlighting its focus on enhancing shareholder value and optimizing its financial framework.
More about Bunzl plc
Bunzl plc operates in the distribution and outsourcing industry, providing a range of products including cleaning and hygiene supplies, packaging, and safety equipment. The company focuses on delivering essential non-food consumables to various markets worldwide.
YTD Price Performance: 13.45%
Average Trading Volume: 788,994
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.72B
For detailed information about BNZL stock, go to TipRanks’ Stock Analysis page.
