London, Jan 9, 2026, 11:40 GMT — Regular session
Bunzl (BNZL.L) shares rose 1.1% to 2,068 pence in late morning trade on Friday, edging ahead of the FTSE 100, up 0.46%. The stock traded between 2,042 and 2,074 pence on the day and remains well below its 52-week high of 3,488. (Google)
The move lands as investors keep a close watch on distributors’ margins and pricing power into 2026, with Bunzl set to spell out a fuller outlook at its annual results. Small disclosures can matter when the market is trying to judge whether a steady business is getting steadier, or just holding the line.
In a Dec. 17 pre-close statement, Bunzl said it expected 2025 adjusted operating profit in line with expectations, with operating margin around 7.6% — operating margin is profit as a share of sales. It forecast moderate 2026 revenue growth at constant exchange rates, which strips out currency swings, but said operating margin should be slightly down year-on-year. Chief Executive Frank van Zanten said the acquisition pipeline “remain[s] active” and the group looked to “an improved year for acquisitions in 2026.” (Bunzl)
A regulatory filing on Wednesday showed James McCool, Bunzl’s chief executive for North America, acquired 547 shares at 20.4244 pounds each after the company’s 2025 interim dividend was reinvested. The filing described it as a non-discretionary transaction, meaning the shares were bought automatically under a dividend reinvestment arrangement. (TradingView)
More broadly, investors were also bracing for the U.S. employment report due later on Friday, a release that can move bond yields and, by extension, equity valuations. Economists polled by Reuters expect 60,000 jobs were added in December and the unemployment rate rose to 4.5%; “businesses are very cautious about taking on new workers,” Sal Guatieri at BMO Capital Markets said. (Reuters)
For Bunzl, the next company catalyst is its results for the year ended Dec. 31, 2025, scheduled for March 2, according to its financial calendar. Investors will be watching for how the group frames 2026 margin pressures, the pace of acquisitions and any updates on capital returns. (Bunzl)
On the chart, traders point to the 2,000p area as a psychological floor after the stock’s 52-week low at 1,995p, while Friday’s high around 2,074p marks a near-term hurdle.
But the bounce can fade quickly. A softer pricing backdrop or higher wage and transport costs could squeeze margins again, and a jump in yields after the U.S. jobs numbers would test appetite for defensive UK names.
The next test is the U.S. payrolls release later on Friday, then Bunzl’s March 2 results, when investors will look for firmer signals on 2026 margins and dealmaking.
