Bunzl non-exec ups stake

Bunzl's only female non-executive director in its 150-year history has purchased shares in the firm just one week after a report showed annual revenue growth of over 6%.

Eugenia Ulasewicz, who was appointed as a non-executive in April 2011, bought 4,000 shares at 837.8655p each.

The distribution and outsourcing firm credited a string of acquisitions throughout the year as the reason for the boost. The group spent £185m on ten acquisitions this year, and said company takeovers remain "an important part of the group's growth strategy."

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The firm has gained 16.62% on its share price over the past year, and almost 8% in the last month.

Last week Investec raised its target on the stock from 865p to 900p, and retained its buy rating.

Ulaswicz has been President of Burberry in North and South America since 1998, as well as occupying senior positions at Saks Fifth Avenue and Bloomingdale's.

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