Bunzl (BNZL) had forewarned investors back in April that challenging macroeconomic and market conditions were dampening underlying revenue growth. Compared with the 1.5 per cent recorded for the first quarter of 2019, organic revenue growth of 0.8 per cent for the six months to 30 June implies the group experienced a significant slowdown in the second quarter.
IC TIP:
Hold
at
2,013p