Compass chairman raises stake following strong first quarter
6th Feb 2015 16:09
The chairman in Compass increased his stake on Friday following a positive trading update the previous session. Paul Walsh bought 5,000 shares for 1,133p each under the name of Cedar Farm Investments. The chairman spent a total of £56,650 in the transaction and holds now 16,411 shares in the catere
Read moreLondon midday: Stocks retreat as Greek concerns rise
5th Feb 2015 12:08
UK stocks fell for a second day on Thursday as optimism surrounding the situation in Greece began to fade and a raft of corporate earnings and updates received a mixed reaction from the market. London's FTSE 100 was down 0.4% at 6,830 by midday, though had bounced off a low of 6,808.19 reached early
Read moreBroker tips: Astrazeneca, Compass, Beazley
5th Feb 2015 11:47
The Share Centre has rated Astrazeneca a 'hold' for medium-risk investors after fourth-quarter results from the drugmaker disappointed, saying that investors may have to wait to see material improvements in the top line. Analyst Helal Miah said: "The company is in a transition phase investing heavil
Read moreLimited upside at Compass despite upgrade, says Numis
5th Feb 2015 10:20
Compass delivered a good start to its new financial year and Numis Securities has upgraded its estimates for the catering company, though the broker still maintained a 'hold' recommendation for investors. Numis lifted its target price for the stock from 975p to 1,150p, but said the share price was "
Read moreLondon open: UK stocks fall as Greek optimism fades, corporate earnings mixed
5th Feb 2015 09:09
UK stocks declined on Thursday as newsflow from Greece prompted an element of caution on financial markets, as the FTSE 100 continued to retreat from a five-month high. London's blue chip index was down 0.4% at 6,836 early on, with updates from a number of blue chips receiving a mixed reaction from
Read moreCompass starts 2015 strongly after Japan and Europe return to growth
5th Feb 2015 08:14
Caterer Compass reported a good start to its new financial year, with organic revenue up more than expected in the first quarter thanks to a return to growth for Europe and Japan. Analysts have upgraded their full year forecasts already after the FTSE 100 group unveiled organic revenue growth of 5.7
Read moreFTSE 100 movers: Mining and telecom stocks on the rise
26th Nov 2014 15:29
MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains. BT Group was continuing to rise after saying that it was in talks with vari
Read moreBroker tips: BT, Sage, Compass, Thomas Cook
26th Nov 2014 12:26
UBS has speculated that if BT follows through with its current talks to buy O2 or EE it would become less aggressive in the forthcoming Premier League rights auction and produce a better outcome for Sky. "We think concerns about Sky losing the EPL rights are weighing on investor sentiment but we are
Read moreLondon midday: Mining stocks and telecoms M&A give FTSE a lift
26th Nov 2014 11:42
Decent gains from miners and M&A speculation in the telecoms sector gave UK stocks a boost on Wednesday, along with data which confirmed that the British economy expanded as expected in the third quarter. London's FTSE 100 was up 0.2% at 6,747 by midday, with resource shares leading the charge, rebo
Read moreCompass delivers solid results but The Share Centre stays at 'hold'
26th Nov 2014 10:02
Compass' full-year results were "solid", according to The Share Centre, but the broker said the catering stock's valuation looks "full". "Global catering group Compass delivered a solid set of full-year results this morning which were in line with market expectations," said analyst Ian Forrest. The
Read moreLondon open: UK stocks rise ahead of GDP data, but Thomas Cook sinks
26th Nov 2014 09:21
UK stocks advanced on Wednesday as investors adopted an optimistic approach ahead of gross domestic product (GDP) figures in the UK. London's FTSE 100 was up 0.4% at 6,755 in early deals, with mining stocks leading the charge after recent weakness, though results from blue chips Wolseley, Compass an
Read moreLondon pre-open: UK stocks to rise, Thomas Cook CEO departs
26th Nov 2014 07:34
Gains on Asian markets overnight are expected to feed into a higher open for stocks across Europe as investors await gross domestic product (GDP) figures in the UK. City sources predict the FTSE 100 will open around 10 points higher than yesterday's close of 6,731.14. UK GDP grew by 3% in the third
Read moreCompass hikes annual dividend after 'another good year'
26th Nov 2014 07:11
Catering group Compass lifted its annual dividend by over a tenth after an improvement in both sales and profits in the year to 30 September. The company, which provides food and catering services to the schools, government and hospitality markets, said revenues totalled £17.1bn, up 4.1% on last yea
Read moreWednesday preview: UK GDP, US durable goods orders, Compass reports
25th Nov 2014 15:49
UK gross domestic product (GDP) grew by 3% in the third quarter, the Office for National Statistics is expected to confirm on Wednesday. Ahead of the release, a Bank of England (BoE) Governor Mark Carney on Tuesday said the prolonged slowdown in Eurozone poses the biggest threat to the UK economy.
Read moreTesco beefs up board with Compass boss and ex-IKEA chief
6th Oct 2014 07:02
The boss of catering group Compass and the former chief of Swedish furniture giant IKEA are to join the board of Tesco, the UK supermarket announced on Monday morning. Richard Cousins, who has been the group chief executive officer (CEO) of Compass since 2006, "will bring valuable UK and internation
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