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Bunzl is hit by strong pound
STRONG revenue growth was eliminated at international distribution and outsourcing group Bunzl in the first half of the year due to the strength of sterling, as it also continued its acquisition drive.
The impact of the pound meant revenue growth was down one per cent, instead of being up seven per cent on a constant exchange rate.
Bunzl also made four acquisitions since the end of June, to bring its total acquisition spend this year to £119m.