Bunzl's recent share-price rebound means the stock is "too expensive", according to RBC Capital Markets which reiterated an 'underperform' position and 2,600. 0p target price on the distribution company on Monday.
US stocks finished higher on Monday, though gains for the Dow were only modest with the index already at record highs, as investors continued to digest mixed messages from Federal Reserve policymakers about the interest-rate outlook.
London stocks closed with minimal changes on Monday, following a week marked by significant central bank decisions.
European markets mostly declined on Monday, with the exception of the FTSE 100, as investors continued to take profits after the recent rally took the Stoxx 600 to its highest in nearly two years.
Diploma revealed on Monday that chief financial officer Chris Davies had acquired 3,824 ordinary shares on the FTSE 100-listed technical products and services business.
FTSE 250 (MCX) 19,221. 58 0. 07%.
London’s FTSE 100 was up 0. 4% at 7,608. 17 in afternoon trade on Monday.
South Korean ecommerce group Coupang is to take over struggling online luxury retailer Farfetch for an undisclosed sum.
LondonMetric and LXi REIT confirmed on Monday that they are in talks about a possible all-share merger to create a real estate company worth £3. 9bn.
Supercapacitor and energy management system specialist CAP-XX updated the market on its ongoing patent infringement case against Maxwell Technologies, now a subsidiary of Tesla, on Monday.
Wall Street stocks recorded early gains on Monday as the final full trading week for the year gets underway.
The National Association of Housebuilders' housing market index edged up to 37 in December, up from an almost 12-month low of 34 in November and beating forecasts for a reading of 36.
US software firm Alteryx said on Monday that it has agreed to be taken over by private equity firms Clearlake Capital and Insight Partners in a $4. 4bn deal.
VF Corporation, the owner of apparel brands Vans, The North Face and Timberland, announced on Monday that it has detected "unauthorised" activity in its IT systems which has led to the loss of personal data, causing shares to tank.
Several slower-performing Unilever brands were set to be carved out, it was announced on Monday, after consumer brands private equity specialist Yellow Wood Partners announced a binding offer for Elida Beauty.
Adobe and Figma said on Monday that they have mutually agreed to end their planned merger amid opposition from UK and EU regulators.
BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.
Baron Oil announced a proposed farm-up agreement on Monday, under which it would assign a 15% working interest in the TL-SO-19-16 production sharing contract at Chuditch, offshore Timor-Leste, to a subsidiary of the Timor-Leste National Oil and Gas Company TIMOR GAP.
Africa-focussed oil and gas company Tower Resources announced a contract with Borr Drilling on Monday to secure the Norve jack-up rig for drilling operations on the Thali licence in Cameroon.
Biostable polymer medical device specialist RUA Life Sciences reported a gross profit of £0. 62m in its first half on Monday, with a margin of 77%, representing a decrease from £0. 88m and 79% year-on-year.
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