Containment moves knock Compass off course

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Containment moves knock Compass off course
Master Investor Magazine

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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.

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