Investing in firms utilizing the “buy-and-build” strategy can offer long-term opportunities in the stock market, often overlooked due to their small beginnings and unglamorous operations. Examples like Bunzl, DCC, and Diploma showcase successful acquisitions of family businesses, while Marlowe and Kitwave demonstrate consolidation in specific sectors, with potential for further growth and profitability. While Bunzl stands out as a stable, global leader, Kitwave emerges as an undervalued, promising buy-and-build candidate, offering good value for investors looking for growth potential.
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Biden plans $8bn arms sale to Israel
In response to the ongoing conflict in Gaza, the Biden administration has provisionally approved an $8 billion weapons sale to Israel, including precision guided missiles and small bombs. Despite concerns about the humanitarian situation in Gaza, the administration continues to support Israel's right to defend itself and deter Iran. This decision follows previous aid deliveries and congressional approval of additional wartime aid for Israel, totaling $26 billion in total support. Full Article
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