Containment moves knock Compass off course

By
0 mins. to read
Containment moves knock Compass off course
Master Investor Magazine

Master Investor Magazine 60Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in FTSE 100 food services provider Compass (LON:CPG) dropped by 10.03% to 1,009p (as of 14:40 GMT) after measures to contain coronavirus have led to many locations being closed. Management said that revenue growth for the current half year was now forecast to be between 0 and 2%, while operating profits will be £125-250 million lower than expected.

The situation is being monitored and the company is taking steps to protect cash flow and manage capital expenditure.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.