MARKET TALK: Compass Group 3Q Sales Firm, Margin Outlook Weak
28th Jul 2010 08:19
0719 GMT [Dow Jones] Compass Group's (CPG.LN) strong organic sales growth at the 3Q stage is likely to be sustained, suggesting a 5%-to-7% revenue growth rate in the medium term, says Shore Capital analyst Greg Johnson. However, a weaker-than-expected margin projection may disappoint the market, Joh
Read moreCompass Sales Growth Returns To Trend In 3Q
28th Jul 2010 07:42
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based caterer Compass Group PLC (CPG.LN) Wednesday posted a sharp acceleration in sales growth in the third quarter as it returned to its long-term sales target quicker than expected. The company said in a trading update
Read moreUpbeat Compass lifts revenue estimate
28th Jul 2010 07:40
Contract caterer Compass has upped its forecast for sales growth this year to 2.5% after an uptick in new business and an improvement in contract retention. "The rate of organic revenue growth has accelerated to 5.5% in the third quarter (2.0% for the nine months to 30 June 2010). This strong growt
Read moreMARKET TALK: Compass' 3Q Shows Improvement In Organic Growth
28th Jul 2010 07:38
0638 GMT [Dow Jones] Compass Group's (CPG.LN) 3Q trading shows further strong improvement in the organic growth, says a trader. Says 3Q saw 5.5% organic growth compared to 2Q which saw 2.5% and 1Q which saw 1.7%. Says 3Q organic growth was driven by an increase in new business wins and a slight impr
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 07:38
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0638 GMT [Dow Jones] Compass Group's (CPG.LN) 3Q trading shows further strong improvement in the organic growth, says a trade
Read moreCompass 3Q Organic Revenue Growth Accelerated To 5.5%
28th Jul 2010 07:15
LONDON (Dow Jones)--Compass Group PLC (CPG.LN), a provider of contract food service and support services to clients, said Wednesday that the rate of organic revenue growth has accelerated to 5.5% in the third quarter, or 2.0% for the nine months to June 30. MAIN FACTS: -Strong growth has bee
Read moreWednesday preview: Centrica, BATs, Compass
27th Jul 2010 15:58
It's another busy day for results on Wednesday with Footsie stalwarts BG Group, BATs, Compass, Invensys, Rexam, Rolls-Royce, Sage and Centrica all fighting for attention. Centrica, which trades under the British Gas and Scottish Gas brands, is expected to have benefitted from a chilly winter in th
Read morePRESS RELEASE: Fitch Affirms Compass at 'BBB+'/'F2'; Outlook Stable
19th Jul 2010 10:23
The following is a press release from Fitch Ratings: Fitch Ratings-London/Paris-19 July 2010: Fitch Ratings has affirmed UK-based food service company Compass Group PLC's (Compass) Long-term Issuer Default (IDR) and senior unsecured ratings at 'BBB+' and its Short-term IDR at 'F2'. The Outlook
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:18
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0618 GMT [Dow Jones] Citigroup initiates Compass Group (CPG.LN) at buy with 630p target. Says the shares are up by 15% in 20
Read moreMARKET TALK: Citigroup Initiates Compass At Buy
14th Jul 2010 07:18
0618 GMT [Dow Jones] Citigroup initiates Compass Group (CPG.LN) at buy with 630p target. Says the shares are up by 15% in 2010 on strong trading momentum but at the same time are at about a 7%-8% discount to its historical P/E average. Says Compass' cost-saving program has delivered over 200bps of
Read moreINTERVIEW: Compass CEO: Focus Turns To Sales Growth
8th Jul 2010 06:30
(This article was originally published Wednesday.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN) will accelerate its sales growth in the second half of its financial year as the U.K.-based caterer moves towards its two-year target of growing ann
Read moreINTERVIEW: Compass CEO: Focus Turns To Sales Growth
7th Jul 2010 15:49
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN) will accelerate its sales growth in the second half of its financial year as the U.K.-based caterer moves towards its two-year target of growing annual sales above 5% despite the "dullish" global economy
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
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