Hello Share Tasters. The number of folks eating away from home is growing. Just look around your high street to see that. After the lockdowns it seems everyone has missed the joys of not doing their own cooking. One company which is benefitting from this trend is Compass Group (CPG). A latest trading statement, for its third quarter, seems to show that.
Hello Share Followers. In spite of that we’re supposed by some to be nearing a recession, it’s strange how many companies are buying back their own shares. This is a way of giving back to shareholders, and you wouldn't do that if you feared a slump. We know that the big oilers are repurchasing, but I notice that giant caterer Compass Group (CPG) is doing the same thing. And it’s clawing back in big quantities, too. The buy-back programme will probably continue till 28th September.
Hello Share Fans. One of the first companies to pull out of Russia due to the war in Ukraine was Compass (CPG), the big Footsie caterer. It’s just announced that the disposal of all its operations in Russia has now been completed. That’s not bad going and underlines Compass’s efficiency as a company. The loss of Russian trade is a blow, of course, but this fiesty firm is big enough to withstand it.
Hello, Share Thrashers. You might expect a giant catering combine to be on its knees after covid. But Compass Group (CPG) is getting back on track fast.
Hello, Share Bunnies. In a week when eating places return to inside noshing, the share price of catering king Compass Group (CPG) is holding up rather well when you consider that its revenue dropped by nearly a third in these difficult times. Even so the latest half-year revenue is still £8.6 billion and that’s tickling up a share price which has been slowly recovering.
