Compass
Coverage explores the operations, strategy, and contract activity of the UK’s largest foodservice and support services group, operating across sectors including education, healthcare, defence, business & industry, and sports & leisure. Reporting includes major contract wins, Compass Group UK & Ireland financial performance, digital ordering initiatives, sustainability targets, workforce programmes, and the role of subsidiaries like Chartwells, Medirest, ESS, and Levy. Insight is designed for professionals tracking outsourced catering models and large-scale operational delivery in institutional and venue settings.
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Nov- 2024 -27 NovemberNews-In-Brief
Today’s news in brief – 27/11/24
Mitchells and Butlers total revenues hit £2.6bn in FY24, with like-for-like sales growing by 5.3%. This comes as the pub group has risen to a profit of £19m in its full-year results, up from a previous loss of £13m, following a strong trading performance. Post year-end, Mitchells and Butlers has…
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27 NovemberCatering Companies
Compass operating profit up 16.4% to $3bn
Compass catering has announced that its operating profit has risen 16.4% to $3bn (£2.38bn) for the year ended 30 September 2024. Alongside this, the company’s revenues rose 10.6% to $42.2bn (£33.5bn) compared with $38.1bn (£30.2bn) in the previous year. This was accompanied by a net new business growth of 4.2%,…
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19 NovemberNews-In-Brief
Today’s news in brief – 19/11/24
Compass Group has acquired Zero Procure, a procurement firm that will sit within the Foodbuy UK and Ireland family of companies. Zero Procure provides services to a portfolio of clients, including a range of hotels and restaurants. For Zero Procure clients, the collaboration ensures access to a “robust” and “reliable”…
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19 NovemberCatering Companies
Compass UK and Ireland acquires Zero Procure
Compass Group has acquired procurement firm Zero Procure which will sit within the Foodbuy UK and Ireland family of companies. Zero Procure provides dynamic procurement services to a portfolio of clients, including a range of hotels and restaurants. For Zero Procure clients with nationwide venues, the collaboration ensures access to…
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15 NovemberNews-In-Brief
Today’s news in brief – 15/11/24
Young’s total revenues for H1 rose 27.2% to £250m, as like-for-like revenues rose 4.4% due to an “excellent” Euros turnout. Despite continued National Living Wage increases of almost 10%, utility costs and dual running costs from Young’s City Pub Group acquisition in the first quarter, adjusted operating profits rose by…
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15 NovemberCatering Companies
Compass teams up with Street League to create jobs for the future
Compass Group UK and Ireland, the UK’s largest food and services provider, and Street League have teamed up to create learning and job opportunities for young unemployed people, aimed at giving them skills for future success. Street League uses sport to tackle poverty and give young people opportunities to succeed…
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Oct- 2024 -18 OctoberNews-In-Brief
Today’s news in brief – 18/10/24
Over 1,200 pubs will likely be closed this year, new data from CAMRA shows, compared to around 1,000 in 2023 and just over 800 in 2022. The “alarming” rate of licensee turnover in the pub trade comes as the crushing weight of unfair taxation and high operational costs leave businesses…
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18 OctoberCatering Companies
Compass One acquires Peabodys Coffee
Compass One, part of Compass Group UK and Ireland, has acquired Peabodys Coffee, the provider of quality food and beverages within healthcare environments, as it seeks to expand in the NHS. Led by Claudia Mascino, MD, Peabodys Coffee started its journey in 1997 in London hospitals, with food that is…
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9 OctoberNews-In-Brief
Today’s news in brief – 09/10/24
Loungers’ total revenues rose 19.2% to £178.3m during H1, as it opened a total of 17 new locations. It comes as Loungers’ like-for-like sales rose by 4.7% over the period. According to the operator of brands Lounge, Cosy Club and Brightside, its performance during H1 demonstrates its ability to “consistently…
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9 OctoberCatering Companies
Compass Group UK&I generates £2bn of Social Value in three years
Compass Group UK and Ireland has generated £2.14bn in Social and Local Economic Value since 2021, measured and validated by Social Value Portal. In 2023 a Social and Local Economic Value of £838.1m was achieved (an increase of 42% from £591m in 2021) as a result of the company employing…
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