Summary
COMPASS, the catering giant with a strong Scottish presence, yesterday saw its shares slide 4 per cent as it spoke of a "challenging year" and delivered underlying pre-tax profits at the bottom end of downward-revised expectations after a recent profits warning.
The group, which operates 300 contracts in Scotland from schools and hospitals to offshore support services, had said in September that lower school meal budgets and higher canteen staff wages meant some contracts with local education authorities were failing to deliver anticipated margins. As a result, it was being more selective with the schools contracts it was taking on.See the full content of this document
Extract
Compass Shares Head South As Results Disappoint
Yesterday Compass, which has secured new and retained business in ...
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