FX headwinds slow Bunzl's growth

Distribution and outsourcing group Bunzl said the third quarter saw a moderation in the underlying revenue growth rate, particularly in North America, where the company is going up against tough comparatives.

Distribution and outsourcing group Bunzl said the third quarter saw a moderation in the underlying revenue growth rate, particularly in North America, where the company is going up against tough comparatives.

In the third quarter the underlying growth rate, which strips out the effects of acquisitions, eased to 2%, with exchange rate fluctuations not helping, shaving between two and three percentage points off the rate.

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