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Bunzl ups payout

By Daily Mail Reporter
Updated: 05:07 EDT, 1 September 2010

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Bunzl pleased investors after raising its dividend thanks to higher sales in America and said it was still on the lookout for acquisitions.

The company, which sells carrier bags and take-away food boxes to supermarkets, posted an interim dividend of 7.1p, up 8% year-on-year.

Sales for the first six months rose 2% to £2.3bn, with pretax profits up 6% to £100m.

Analysts lauded another 'satisfactory performance' by Bunzl which benefited as consumers opted to eat at home rather than in restaurants.

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