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Bunzl share price up as FY profits rise

Shares in Bunzl were up on the FTSE 100 in afternoon trading after the outsourcing firm reported a rise in revenue and pre-tax profit in the year ended 31 December 2010.

Israel to loosen blockade on Gaza Strip

The Israeli government has said that it will loosen the land blockade of the Hamas-controlled Gaza Strip, in a move that is aimed at allowing more civilian goods into the area, while maintaining an embargo on weapons.