The latest update is out from Bunzl plc ( (GB:BNZL) ).
Bunzl plc announced the repurchase of 231,749 of its ordinary shares on the London Stock Exchange, a strategic move to cancel these shares and adjust the company’s capital structure. This buyback is part of a broader program initiated in August 2024, which has seen the company repurchase over 6 million shares, potentially enhancing shareholder value and solidifying its market position.
More about Bunzl plc
Bunzl plc is a British multinational distribution and outsourcing company, primarily operating in the supply of non-food consumables across various sectors. The company focuses on providing products such as packaging, cleaning and hygiene supplies, and personal protection equipment to markets including healthcare, food service, and retail.
YTD Price Performance: 7.55%
Average Trading Volume: 819,688
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.09B
For an in-depth examination of BNZL stock, go to TipRanks’ Stock Analysis page.