London afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read moreUPDATE: Compass Sales Growth Returns To Trend Ahead Of Schedule
28th Jul 2010 09:40
(Adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN), the world's largest caterer by sales, Wednesday posted a sharp acceleration in sales growth in the third quarter as it returned to its long-term sales target quicker than expected.
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jul 2010 08:20
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0720 GMT [Dow Jones] Seymour Pierce lifts its target price on Compass Group (CPG.LN) to 615p from 575p, and reiterates a b
Read moreMARKET TALK: Seymour Pierce Lifts Compass Group Target Price
28th Jul 2010 08:20
0720 GMT [Dow Jones] Seymour Pierce lifts its target price on Compass Group (CPG.LN) to 615p from 575p, and reiterates a buy recommendation, following the company's 3Q trading update. Says Compass announced a sharp acceleration in organic revenue growth, and encouragingly this was not achieved to th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 08:19
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] 0719 GMT [Dow Jones] Compass Group's (CPG.LN) strong organic sales growth at the 3Q stage is likely to be sustained, suggesti
Read moreMARKET 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
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