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Cash in on Compass' growth

Compass' (CPG) full-year figures were marred by a £295m one-off charge relating to restructuring at its European business, aimed at mitigating the impact of the region's economic troubles. Cost-cutting, infill acquisitions, and healthy levels of new business, helped the European and Japanese unit's sales remain flat at £6.24bn and pushed constancy currency underlying operating profit up 2.1 per cent to £397m. But business failures and falling like-for-like sales put a major dampener on divisional performances.

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By Algy Hall,
21 November 2012

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