After communicating a depressed industry outlook and calling for a huge amount of recapitalisation of £2bn, the leading contract caterer, Compass, saw it share price fall by 3.4% yesterday. Considering the smaller rivals’ weaker profitability and the capacity of equity fundraising from the capital markets, the share prices of other sector participants are also being penalised by the news.
20 May 2020
Now sufficient firepower to deal with downcast outlook
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Now sufficient firepower to deal with downcast outlook
Compass Group PLC (CPG:LON) | 2,320 371.3 0.7% | Mkt Cap: 39,553m
- Published:
20 May 2020 -
Author:
Yi Zhong -
Pages:
3
After communicating a depressed industry outlook and calling for a huge amount of recapitalisation of £2bn, the leading contract caterer, Compass, saw it share price fall by 3.4% yesterday. Considering the smaller rivals’ weaker profitability and the capacity of equity fundraising from the capital markets, the share prices of other sector participants are also being penalised by the news.