$CPG.L

2 stories mentioning CPG.LUpdated 44d ago

Every FINWIRES story that references CPG.L, newest first.

UK Shares Gain Amid PM Starmer's 'Reset' Speech; Compass Advances

London's FTSE 100 closed 0.36% in the green on Monday as Prime Minister Keir Starmer vowed to reinforce ties with Europe as part of efforts to create a "stronger, fairer Britain.""The last government was defined by breaking our relationship with Europe. This Labour government will be defined by rebuilding our relationship with Europe by putting Britain at the heart of Europe so that we are stronger on the economy, stronger on trade, stronger on defence, you name it," Starmer said in his so-called reset speech.Amid calls for him to quit, Starmer's speech in Central London also included a proposal to nationalize British Steel, pending a public interest test and royal assent of the new bill, which will be formally presented to parliament this week."Strong domestic steel production is vital for our economy, and this legislation would allow us to ensure stability for British Steel's workers, suppliers and customers and avoid damaging disruption to crucial supply chains, while we consider options for the [Scunthorpe] site's future," said Business Secretary Peter Kyle.In corporate news, food services company Compass Group (CPG.L) climbed 2.34% after profit attributable to equity shareholders for the six months ended March 31 increased year over year to $1.07 billion from $919 million on revenue growth."A solid H1 performance ~1% ahead of consensus for underlying EBITA and EPS. Net new business wins of +3.8% for H1 a touch below the typical 4-5% range (with Q2 implied rate muddied by Q1 rounding), but promise of H2 acceleration should be taken reassuringly. Guidance for FY underlying EBITA growth ticked up by at least 1 pp which appears to be driven by organic operating leverage," RBC Capital Markets said in its quick take note.International Consolidated Airlines Group (IAG.L) was one of the top stocks, rising 6.42%, amid plans to repurchase its outstanding 825 million euros of 1.125% senior unsecured convertible bonds due 2028.

FTSE 100$CPG.L$IAG.L

US Markets44d ago

UK Caterer Compass Group Boosts Fiscal 2026 Outlook After Strong First Half

Compass Group (CPG.L) raised its guidance for 2026 as it delivered higher profits and revenue for the first six months of the fiscal year, supported by a double-digit-percentage rise in new business wins.The British food services provider now expects an increase in underlying profit of between 10% and more than 11% at constant currency, compared with its previous forecast of 10%, according to a Monday earnings release. Meanwhile, organic revenue growth is still anticipated to come in at 7%.For the fiscal first half ended March 31, the group reported $24.98 billion in statutory revenue, compared with $22.57 billion a year before. Organically, this was up 7.2% on the back of new business growth and robust client retention. New business wins amounted to $4.1 billion, up 14% on an annual basis.Underlying operating profit rose to $1.84 billion from $1.65 billion over the period. On a statutory basis, operating profit rose to $1.61 billion from $1.48 billion, and attributable profit grew to $1.07 billion from $919 million.In terms of shareholder returns, the board approved an interim dividend of $0.255 per share, higher than the year-ago $0.226 per share.Analysts at RBC Capital Markets described Compass' first-half performance as "solid," with a positive sentiment on the group."Net new business wins of +3.8% for H1 a touch below the typical 4-5% range (with Q2 implied rate muddied by Q1 rounding), but promise of H2 acceleration should be taken reassuringly. Guidance for FY underlying EBITA growth ticked up by at least 1 pp which appears to be driven by organic operating leverage. Cash flow lumpy - reported FCF only +3%, with capex/sales +40bps YoY, though this would be consistent with an expectation of better NN for H2 and (likely) into FY27," RBC said in a quick take note. "Stock has materially underperformed ARMK YTD which has looked anomalous to us - we think the H1 print should reassure."The group's shares were trading 1% higher in London as of Monday midday.

$CPG.L

Track with the FINWIRES app suite

FolioX

Track CPG.L in your portfolio

WheelAI

Analyze CPG.L options with the wheel strategy

StockInsider

See market sentiment on CPG.L