Proactiveinvestors Australia Compass Group https://www.proactiveinvestors.com.au Proactiveinvestors Australia Compass Group RSS feed en Tue, 25 Jun 2019 13:44:28 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Compass Group PLC to acquire Fazer Food Services ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190611070009_14105697/ Tue, 11 Jun 2019 16:00:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190611070009_14105697/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190603160003_14096705/ Tue, 04 Jun 2019 01:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190603160003_14096705/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190603070005_14095068/ Mon, 03 Jun 2019 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190603070005_14095068/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190530154502_14092949/ Fri, 31 May 2019 00:45:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190530154502_14092949/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190516130001_14077061/ Thu, 16 May 2019 22:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190516130001_14077061/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190515070008_14074048/ Wed, 15 May 2019 16:00:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190515070008_14074048/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190501070003_14058356/ Wed, 01 May 2019 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190501070003_14058356/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190401100001_14023252/ Mon, 01 Apr 2019 20:00:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190401100001_14023252/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190401070005_14022435/ Mon, 01 Apr 2019 17:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190401070005_14022435/ <![CDATA[RNS press release - Director Declaration ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190326161502_14016621/ Wed, 27 Mar 2019 03:15:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190326161502_14016621/ <![CDATA[RNS press release - CG Finance Netherlands BV Annual Financial Report ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190307070004_13993093/ Thu, 07 Mar 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190307070004_13993093/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190301070003_13986281/ Fri, 01 Mar 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190301070003_13986281/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190228140002_13985752/ Fri, 01 Mar 2019 01:00:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190228140002_13985752/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190211162003_13965421/ Tue, 12 Feb 2019 03:20:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190211162003_13965421/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190208113501_13963522/ Fri, 08 Feb 2019 22:35:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190208113501_13963522/ <![CDATA[RNS press release - AGM and Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190207070003_13961019/ Thu, 07 Feb 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190207070003_13961019/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190201074502_13954980/ Fri, 01 Feb 2019 18:45:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190201074502_13954980/ <![CDATA[RNS press release - Director Declaration ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190115100001_13935030/ Tue, 15 Jan 2019 21:00:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190115100001_13935030/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190102070005_13920022/ Wed, 02 Jan 2019 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20190102070005_13920022/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181217103102_13906018/ Mon, 17 Dec 2018 21:31:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181217103102_13906018/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181203070004_13887892/ Mon, 03 Dec 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181203070004_13887892/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181129170001_13885870/ Fri, 30 Nov 2018 04:00:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181129170001_13885870/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181126143504_13880630/ Tue, 27 Nov 2018 01:35:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181126143504_13880630/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181122131501_13877416/ Fri, 23 Nov 2018 00:15:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181122131501_13877416/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181121144504_13875881/ Thu, 22 Nov 2018 01:45:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181121144504_13875881/ <![CDATA[RNS press release - Full Year Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181120070009_13872705/ Tue, 20 Nov 2018 18:00:09 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181120070009_13872705/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181101141501_13851867/ Fri, 02 Nov 2018 01:15:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181101141501_13851867/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181101070002_13850389/ Thu, 01 Nov 2018 18:00:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181101070002_13850389/ <![CDATA[RNS press release - Director Declaration ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181011173004_13825950/ Fri, 12 Oct 2018 03:30:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181011173004_13825950/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181011160003_13825786/ Fri, 12 Oct 2018 02:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181011160003_13825786/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181001123001_13811369/ Mon, 01 Oct 2018 21:30:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181001123001_13811369/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181001070003_13810032/ Mon, 01 Oct 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20181001070003_13810032/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180927140501_13807450/ Thu, 27 Sep 2018 23:05:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180927140501_13807450/ <![CDATA[RNS press release - EMTN Programme - Substitution of Issuer ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180906141502_13781781/ Thu, 06 Sep 2018 23:15:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180906141502_13781781/ <![CDATA[RNS press release - EMTN Programme - Substitution of Issuer ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180906141501_13781779/ Thu, 06 Sep 2018 23:15:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180906141501_13781779/ <![CDATA[RNS press release - Euro Medium Term Note Programme - Final Terms ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180903162558_13777187/ Tue, 04 Sep 2018 01:25:58 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180903162558_13777187/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180903125829_13776847/ Mon, 03 Sep 2018 21:58:29 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180903125829_13776847/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180801173005_13740488/ Thu, 02 Aug 2018 02:30:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180801173005_13740488/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180801070001_13738684/ Wed, 01 Aug 2018 16:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180801070001_13738684/ <![CDATA[RNS press release - Third Quarter Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180726070006_13731730/ Thu, 26 Jul 2018 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180726070006_13731730/ <![CDATA[News - Compass Group serves up lukewarm offering ]]> https://www.proactiveinvestors.com.au/companies/news/201624/compass-group-serves-up-lukewarm-offering-201624.html Contract caterer Compass Group PLC (LON:CPG) served up more of the same in its fiscal third quarter update, leaving full-year expectations unchanged.

Since the end of March, the group has continued to trade well with year-on-year organic revenue growth running at 5.7%, or 5.1% when adjusted for the timing of Easter.

READ: Compass Group heads south as it serves up fall in half-year profits

Growth was driven by strong net new business in North America, an acceleration in Europe and good progress in Rest of World, Compass said.

Organic revenue growth in North America was 7.0% (+6.6% excluding Easter) with the group seeing “particularly good growth” in its Business & Industry, Vending and Healthcare businesses but growth in the Sports & Leisure events business was hit by the impact of the timing of various events.

In Europe, organic revenue grew by 3.2% (2% excluding Easter), with growth driven by strong rates of net new business in the UK.

The company is enjoying the benefit of cost-cutting actions in the UK, which is offsetting the effect of above average inflation, but the group is seeing “a more challenging volume and cost environment” in dear old Blighty, which has contributed to an erosion of the margin by around seven-tenths of a percentage point in the first nine months of the financial year.

In the rest of the world, organic revenue grew by 3.1% (up 2.7% excluding Easter) in the fiscal third quarter.

For the nine months to the end of June, organic revenue growth for the entire group worldwide was 5.1%, up from 4.8% at the halfway point of the financial year.

“Better than planned margin improvement in Rest of World, is offsetting a more difficult volume and cost environment in Europe. As a result, our full year expectations are unchanged, with organic growth above the middle of our 4-6% range, and modest margin progression. Looking to the longer term, we continue to be excited about the significant structural market opportunity globally and the potential for further revenue growth, margin improvement and continued returns to shareholders,” Compass said.

Lee Wild, the head of Equity Strategy at interactive investor said: "There are some issues in the UK around volume and cost, but weaker margin there is being offset by forecast-busting numbers elsewhere and rapid growth in the US. Organic revenue for the quarter grew by 5.7%, or 5.1% excluding Easter, better than the first half and toward the right end of the 4-6% target range.

"Compass has always promised to return surplus cash to shareholders and, depending on profit and cash flow, there a very real possibility it will pay another special dividend within the next 12 months.”

Shares in Compass fell 2.1% to 1,609p in early deals.

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Thu, 26 Jul 2018 08:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201624/compass-group-serves-up-lukewarm-offering-201624.html
<![CDATA[RNS press release - Annual Update of Euro Medium Term Note Programme ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180720070003_13725036/ Fri, 20 Jul 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180720070003_13725036/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180704070004_13704584/ Wed, 04 Jul 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180704070004_13704584/ <![CDATA[News - Compass Group looking for new group finance director with Johnny Thomson to leave by end-December ]]> https://www.proactiveinvestors.com.au/companies/news/200095/compass-group-looking-for-new-group-finance-director-with-johnny-thomson-to-leave-by-end-december-200095.html Compass Group PLC (LON:CPG) is looking for a new group finance director after the contract caterer announced that Johnny Thomson is to stand down from the role by the end of December.

The FTSE 100-listed firm – which lost its chief executive Richard Cousins at the start of the year following his death with his family in a seaplane crash in Australia on New Year’s Eve – said the search for Thomson’s successor will be started immediately.

READ: Compass Group heads south as it serves up fall in half-year profits

Dominic Blakemore, Cousins’ replacement as chief executive officer, said: "Johnny has played a critical role in Compass' success, both managing regions of our Group and as Group Finance Director, and he leaves the business in strong financial health."

Back in May, the catering giant served up a 4.7% fall in first-half pre-tax profit to £792mln, impacted by foreign exchange headwinds, which meant revenues fell 0.8% to £11.38bn, down from £11.47bn a year earlier.

Despite the drop-off in profits, the world’s largest catering firm hiked its interim dividend by 10% to 12.3p and reaffirmed its full-year forecasts.

In early morning trading, Compass shares were 1.4% lower at 1,600p.

In a note to clients, analysts at Liberum Capital said: "This is the most significant management change since Dominic Blakemore succeeded Richard Cousins as CEO in January this year. Johnny has been with the company for 9 years, becoming group Group Finance Director in 2015 having previously been Regional manager for Latin America.

"It is not yet known where Johnny is going but we expect the Compass vacancy to attract a lot of interest both internally and externally given its global operations and M&A and disposal activity."

 -- Adds share price, analyst comment --

 

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Wed, 04 Jul 2018 07:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200095/compass-group-looking-for-new-group-finance-director-with-johnny-thomson-to-leave-by-end-december-200095.html
<![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180702070003_13700480/ Mon, 02 Jul 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180702070003_13700480/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180621120734_13688907/ Thu, 21 Jun 2018 21:07:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180621120734_13688907/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180621120215_13688898/ Thu, 21 Jun 2018 21:02:15 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180621120215_13688898/ <![CDATA[RNS press release - Company Secretary Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180614170002_13680534/ Fri, 15 Jun 2018 02:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180614170002_13680534/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180601070005_13662668/ Fri, 01 Jun 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180601070005_13662668/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180518070005_13646111/ Fri, 18 May 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/3141/LSE20180518070005_13646111/