Bunzl spinoff kickstarts FTSE week

clock

The FTSE 100 index has started well this morning, adding around 18 points to 5,024.6 points led by a 10% surge from Bunzl up 49.50p to 519.50p.

The firm said it would spin off its Filtrona cigarette-filter unit to focus on supplying food packaging and services to clients such as Wal-Mart Stores. Filtrona accounted for 16% of the company's sales of £2.92bn. Food group Tate & Lyle has also added 9.75p to 525p. Pearson, publisher of the Financial Times meanwhile, shed 15.5p to 636.5p after announcing falling second-half profit. Japan's Nikkei 225 Stock Average added 0.7% to 11,740.60 at its close early Saturday morning, led by export company Toyota, after a better than expected economic report out of the States. Additionally...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read