23rd Nov 2016 12:32
LONDON (Alliance News) - FTSE 100-listed Compass Group PLC Wednesday said Chairman Paul Walsh bought GBP66,850 worth of shares following a share price decline seen on Tuesday.
Walsh purchased 5,000 shares at 1,337.00 pence each on Wednesday and now holds 26,411 shares.
The caterer said Tuesday pretax profit in the year ended September 30 grew to GBP1.32 billion from GBP1.16 billion the year before, as revenue rose to GBP19.61 billion from GBP17.59 billion, boosted by the translational effect of the weak pound against other currencies.
However Compass Group's share price was recovering Wednesday after closing down 4.7% on Tuesday, when investors focused on a slowdown in growth toward the end of its recent financial year. The stock was up 2.0% at 1,353.00p on Wednesday, among the best performers in the FTSE 100 index.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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