Bunzl posts stronger than expected profit and revenue in the fiscal first half

Bunzl plc (LON: BNZL) said on Monday that its profit and revenue in the first six months of the current fiscal year came in stronger than what the experts had forecast. Following the hawkish performance, the company’s board decided in favour of reinstating dividend payments. Shares of the company opened only 0.5% up on Monday but jumped more than 3% in the next hour. Bunzl is now exchanging hands at £25 per share that translates to its year to high. Its current per-share price also marks an almost 100% gain compared to its low £12.77 per share in March due