US takeover boost

OUTSOURCING firm Bunzl said revenues were enjoying a boost from new business in the US as it sealed a string of overseas acquisitions.

The FTSE 100 company said half-year revenues would rise by 7pc at constant currency, with underlying growth rising 3-4pc thanks to extra work secured in America last year.

Shares soared 4pc in morning trading as it also announced deals for three businesses in Spain and Canada. Chief executive Frank van Zanten said trading was in line with expectations and it was on track to snap up more firms.