UK's Compass gains on Vermaat acquisition, raising FY25 profit outlook

Compass

22/07/2025 08:42

** Compass Group CPG.L gains 7.5% to 2720p; set for biggest intraday pct gain since May 2022

** British food catering firm to buy European premium food services business Vermaat for 1.5 bln euros ($1.75 bln), including debt

** Raises annual underlying operating profit growth to be towards 11% vs earlier forecast of high single-digit rise

** YTD, CPG up 0.19%

($1 = 0.8557 euros)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))