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Market Wrap - Market Open

FTSE unnerved by missile test

29 August 2017 08:46

The FTSE 100 fell 0.95% to 7,331.16 on Tuesday morning after news that North Korea had launched a missile over Japan unsettled investors.

Bunzl (BNZL), the international distribution and outsourcing group, grew group revenue by 20% to £4,119.2 million and adjusted operating profit before customer relationships amortisation and acquisition related items by 16% to £272.6 million. The shares slipped 0.36% to 2,323.5p.

Grainger (GRI) edged up 0.02% to 251.55p after it conditionally agreed to acquire a private rented sector, build-to-rent development at Gore Street in Salford, near Spinningfields, Manchester, for around £80m from Euro Car Parks and the English Cities Fund.

IG Design Group's (IGR) first quarter trading to the end of June was in line with management expectations with a strong pipeline built in all regions. The shares gained 2.35% to 392.5p.

Mitie (MTO), the facilities management company, announced that it is being investigated by the Financial Conduct Authority (FCA) over the timeliness of its profit warning on 19 September 2016. The shares fell 0.66% to 264p.

Globaltrans Investment's (GLTR) first half total revenue increased 17% year on year to RUB38.2 billion while adjusted revenue was up 23% year at RUB25.4 billion supported by stronger pricing and high fleet efficiency. The news sent the shares up 2% to 9.31p. Story provided by StockMarketWire.com

Related Company: BNZL

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