Compass Group flies high

Encouragingly, the level of new business wins in all sectors has remained strong and consistent with last year. Contract wins include Eurest Services, part of Compass Group UK & Ireland, which scooped the All Wales Catering Contract for three years earlier this month, along with Jockey Club Racecourses which awarded a £500 million, 10 year deal to the contract catering giant. As expected like-for-like revenue has continued to slump in parts of the business & industry and sports & leisure sectors as volumes have been affected by the reduced levels of employment. However, like-for-like revenue in the education, healthcare and remote site sectors has continued to perform well. A spokesman for the group said: "Whilst we are expecting economic conditions to remain challenging through the rest of the year, we are confident that our business model will continue to deliver. We have good visibility in our pipeline and as such we are confident in our continued ability to generate new business."