Business is booming.

SHARE OF THE WEEK: Bunzl investors have much to look forward to

SHARE OF THE WEEK: With stock trading nearing record highs, Bunzl investors have a lot to look forward to

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Bunzl wants to end the summer on a high with the results for the first half of Tuesday.

With stocks nearing record highs, investors have a lot to look forward to.

The company supplies products ranging from toilet rolls and latex gloves to cleaning chemicals to the private and public sector.

SHARE OF THE WEEK Bunzl investors have much to look

Despite rising inflation, the products are able to withstand the economic woes.

In the June update, Bunzl raised its forecast for 2022, saying it now expects “very good” sales growth rather than “moderate.”

The company has forecast sales to rise 16 percent in the first half, thanks to positive trade in Europe, the UK and the US.

In terms of earnings, analysts have expected an 11 percent increase to £633 million for the year.

This is much more than last year when Bunzl reported a profit of £245 million.

Whether shareholders can achieve a good return is also high on the agenda.

Bunzl is expected to increase its dividend payout by 9 percent to 62 pence per share.

Last year around this time, it handed investors 16.2pa shares.

There can be little confusion about Bunzl’s acquisition strategy. Throughout its history, it has been a prolific dealmaker.

And it has made no secret of plans to continue expanding as it has already acquired six companies this year for a cost of £220 million.

If Bunzl is to top its £508m spend on 14 acquisitions last year, investors should expect more news on that front.

Check out this space!

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