UK's Bunzl cuts 2025 outlook, shares tank more than 25%
(Reuters) -British business supplies distributor Bunzl cut its 2025 forecast and paused its share buyback programme on Wednesday, citing pressure on its North American business, sending shares down 25.7% to a near four-year low. Analysts at Peel Hunt placed their estimates on Bunzl under review and said initial indications suggest about a 10% cut to 2025 profit before tax consensus, with a slightly higher impact on earnings due to the suspension of a share buyback. Bunzl said it was pausing its previously announced 200 million pound ($265.40 million) share buyback programme for 2025 for the remainder of this year, after purchasing around 115 million pounds of shares in the year to date.