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.

Comments (0)

Leave a Reply

Your email address will not be published.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