Compass: Catering firm thanks inflation for surging profits Food Inflation Compass has unveiled a jump in revenues for the year as the catering giant was bolstered by food inflation and demand for its products.
Compass Group snaps up Kew Gardens catering rival for £475m Compass Group Contract caterer Compass Group has entered into a £475m takeover deal of a rival firm, which provides hospitality services for the likes of Kew Gardens and the Royal Opera House.
Compass in talks to buy Kew Gardens caterer CH&Co in £400m deal M&A FTSE 100 caterer Compass Group is reportedly in advanced talks to snap up competitor CH&Co, the go-to hospitality provider for Kew Gardens and the Royal Opera House.
Catering giant Compass sees profits nearly triple after recovery surpasses expectations November 21, 2022 Catering giant Compass has revealed that profits almost tripled over the past year after its recovery surpassed expectations. The world’s largest food services provider said it reported record new business growth as demand for business and sports catering rebounded following the impact of the pandemic. Revenues surged by 42.5 per cent to £25.5 billion for [...]
Catering company Compass Group posts strong revenue growth across all regions July 26, 2022 Contract caterer Compass Group today said its underlying revenues for the three months running up to June were up by 43.4 per cent compared to the previous year, on the back of strong growth across all regions and sectors of its business. The growth saw the food service company’s revenues jump beyond levels seen before [...]
Compass shares jump 11 per cent on revenue forecast hike May 11, 2022 International catering firm Compass has lifted revenue guidance after profit more than doubled in the first half of the year.
Compass Group revenue forecast hike cooks up a storm on FTSE 100 May 11, 2022 A bumper crop of results sent shares in catering giant Compass Group soaring today helping London’s top index post a strong day. The capital’s premier FTSE 100 index climbed 1.44 per cent to 7,347.66 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.35 [...]
Compass shares jump 7.98 per cent following trading update February 3, 2022 The shares of foodservice multinational Compass jumped 7.98 per cent, going up to 1,785.50p, following the group’s trading update from earlier this morning. Compass has in fact said that its guidance for FY2022 remains unchanged despite the impact of Omicron on services. The group expects its underlying operating margin to be over 6 per cent [...]
Catering giant Compass restarts dividend payouts as easing restrictions give profits a lift November 23, 2021 Catering giant Compass said this morning that, despite labour shortages and rising costs, it has restarted shareholder dividend payouts as annual profits jumped higher thanks to easing pandemic restrictions. The world’s biggest caterer saw pre-tax profits more than double to £464m in the year to September 30 from £210m the previous year. Results were bolstered [...]
Catering group Compass sounds optimistic note despite pandemic eating into sales and profit May 12, 2021 Catering company Compass Group suffered a sharp drop in revenue and profit in the first half of the year but sounded a positive note on its future prospects this morning. Compass’ revenue dropped 32.4 per cent from £12.48bn to £8.44bn in the six months ended 31 March due to the impact of coronavirus restrictions on [...]