Shares of business supplies distributor Bunzl down fell by 5%, marking their lowest point since August 23, 2024. The stock is the biggest loser in the FTSE 100 index, which has decreased by 0.7%. The company anticipates a minor impact on its 2024 profits due to more persistent deflation than expected, particularly in the Continental Europe division. Nevertheless, it expects the group’s adjusted operating profit for 2024 to be higher compared to 2023 when adjusted for constant exchange rates. The company is forecasting “strong” revenue growth for 2025 and estimates that 2024 revenue will be approximately 3% higher than the previous year at constant exchange rates, while it may decline between 0% and 1% at actual exchange rates. As of the last closing, the stock has risen by 11.5% year-to-date.

Shares of the London-listed pharmaceutical company Indivior, have fallen by up to 4.6% following the announcement that its finance chief, Ryan Preblick, is set to resign amid board changes pressured by its second-largest shareholder, Oaktree Capital. In response, Indivior has named Robert Schriesheim and Joe Ciaffoni as independent non-executive directors. The company also agreed to implement a more conventional U.S. remuneration system for directors after its recent primary listing in New York. The path to fixing Indivior is expected to be lengthy, with Oaktree’s small victory representing just the first step in a more extensive repair process. Currently, Indivior’s stock is down 3.4%, contributing to year-to-date losses of about 23%

UBS has initiated coverage on the English Premier League soccer team Manchester United, giving it a “buy” rating and a price target of $23. In a report titled ‘The Red Devils set to rise again’, UBS suggests that the club’s new management could enhance performance both on and off the pitch. The team, known as the Red Devils, has undergone significant changes since British billionaire and INEOS founder Jim Ratcliffe acquired a 27.7% stake earlier this year and took over its football operations. UBS notes that “a focus on cost management should facilitate investment to enhance sporting performance and achieve net profitability.” Manchester United boasts a revenue base that is largely unparalleled among its Premier League counterparts, and a potential return to the lucrative UEFA Champions League could increase revenue to £800 million ($1.02 billion) by FY28, according to UBS. Last month, Manchester United reported a reduced adjusted net loss for Q1 2025, aided by cost-cutting measures and favorable exchange rates. The club also plans to upgrade its Old Trafford stadium, which UBS believes could further increase potential revenue by approximately £200 million. As of the last closing, Manchester United’s stock is down 13.3% year-to-date..