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Bunzl says HY group revenue expected to have risen 7 pct

Wednesday, 28 Jun 2017 02:00am EDT 

June 28 (Reuters) - Bunzl Plc ::FY revenue 38 million EUR .Overall trading is consistent with expectations at time of Q1 trading statement in April.Group revenue for half year is expected to have increased by 7 pct at constant exchange rates.Currency translation movements are expected to have increased constant exchange revenue growth by 12 pct.Underlying revenue growth is mainly due to additional business won, albeit at lower margins, in North America towards end of 2016.Acquisitions continue to be an important part of company's strategy for growth and Bunzl also announces that it has purchased three further businesses in Spain and Canada.Has now acquired eight businesses so far this year for a total committed spend of approximately 290 million stg, adding aggregate annualised revenue of 370 million stg.Company expects to complete further acquisitions during remainder of year.