More than £2bn wiped from value of UK distributor amid Trump tariff uncertainty

Shares in Bunzl, which provides everyday goods for other firms, plunge more than 25%

Growing uncertainty over Donald Trump’s tariffs has wiped more than £2bn from the value of one of the UK’s biggest listed businesses, sending shares in the paper cups to plastic bags distributor Bunzl plunging more than 25%.

The FTSE 100 group, which provides everyday goods for other companies, warned about “macroeconomic uncertainty” as it said sales had been soft in its North American operation.

Continue reading…