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PRESS DIGEST - FINANCIAL TIMES - DEC 13 =8

Wed Dec 12, 2007 11:38pm EST
 
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Bunzl (BNZL.L: Quote, Profile, Research, Stock Buzz), the packaging and distribution group, says that trading is in line with expectations in spite of results being adversely affected by the weak US dollar during the second half of the year. Chief executive Michael Roney said: "The dollar is not new news. The impact is purely translational and our balance sheet has debt lined up with operations in the dollar, sterling and the euro." Mike Murphy, analyst at Panmure Gordon, said: "Bunzl continues to grind out growth across the group." The share price fell Wednesday from 688 pence to 676.5 pence.

Prepared for Reuters by Durrants

 

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