{"id":55668,"date":"2026-06-04T00:22:17","date_gmt":"2026-06-04T00:22:17","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/55668\/"},"modified":"2026-06-04T00:22:17","modified_gmt":"2026-06-04T00:22:17","slug":"compass-shares-jump-as-it-shrugs-off-inflation-concerns-with-profit-upgrade","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/55668\/","title":{"rendered":"Compass shares jump as it shrugs off inflation concerns with profit upgrade"},"content":{"rendered":"<p>\t\t\tMonday 11 May 2026 8:06 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tMonday 11 May 2026 12:22 pm\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/06\/18-Blackfriars-Road_Hines_Dusk_Credit-\u00a9-DBOX-for-Hines.jpg\" class=\"media \" alt=\"Catering giant Compass Group has raised its expectations for profit.\u00a0\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tCatering giant Compass Group has raised its expectations for profit.\u00a0\t<\/p>\n<p class=\"wp-block-paragraph\">Shares in Compass Group jumped on Monday morning as shrugged off concerns over inflation eating into its margins after upgrading its profit forecasts.<\/p>\n<p class=\"wp-block-paragraph\">The FTSE 100 catering giant, which has served meals everywhere from prisons to oil rigs, upped its profit growth estimate from 10 per cent to \u201cabove\u201d 11 per cent for the year to end September.<\/p>\n<p class=\"wp-block-paragraph\">The firm served up revenue growth of 10.7 per cent to $25bn (\u00a318.3bn) for the six months to the end of March, with pre-tax profit of $1.5bn, up 14.7 per cent on the previous year.<\/p>\n<p class=\"wp-block-paragraph\">Compass trumpeted a surge in new contract wins, up 14 per cent to $4.1bn, with roughly half coming from organisations outsourcing food services for the first time, in signs of a structural shift as businesses continue looking for ways to cut costs and improve efficiency.<\/p>\n<p class=\"wp-block-paragraph\">Chief executive Dominic Blakemore touted \u201cexcellent new business wins\u201d and \u201chigh levels of client retention.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Compass shares rose as much as 4.6 per cent to $30.87 in early trade, making it the highest riser in the FTSE 100. The stock remains down by more than 10 per cent over the past year.<\/p>\n<p>Compass \u2018continues to demand a premium valuation\u2019<\/p>\n<p class=\"wp-block-paragraph\">Mark Crouch, market analyst for eToro, said:\u00a0\u201cCompass\u00a0Group\u2019s latest results underline why the catering giant continues to command a premium valuation in the FTSE 100. <\/p>\n<p class=\"wp-block-paragraph\">\u201cAt a time when many firms are grappling with weaker consumer demand and economic uncertainty,\u00a0Compass\u00a0is still producing a dependable mix of growth, rising margins and strong cash generation. The figures also challenge the narrative that hybrid working and advances in AI will materially weaken demand for workplace catering.<\/p>\n<p class=\"wp-block-paragraph\">\u201cHowever, investors will still keep a close eye on inflation risks, particularly if escalating conflict in the Middle East drives another spike in energy and food prices, which could eventually squeeze margins across the sector.\u201d<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/vistry-shares-plummet-as-housebuilder-pauses-buyback-and-warns-on-inflation\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Vistry shares plummet as housebuilder pauses buyback and warns on inflation<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Monday 11 May 2026 8:06 am \u00a0|\u00a0\u00a0Updated:\u00a0 Monday 11 May 2026 12:22 pm Catering giant Compass Group has&hellip;\n","protected":false},"author":2,"featured_media":55669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21262],"tags":[633,21907,15639,27310,320,1411,321,18,431],"class_list":["post-55668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compass-group","tag-business","tag-catering","tag-compass-group","tag-food-and-beverage","tag-ftse-100","tag-hospitality","tag-london-stock-exchange","tag-news","tag-uk-economy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116688987262536561","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/55668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=55668"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/55668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/55669"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=55668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=55668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=55668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}