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Compass insiders buy on weakness

The purchases followed the news that the contract caterer had returned to profitability
December 3, 2020
  • Pfizer’s mRNA vaccine offers hope to a beleaguered hospitality/foodservice industry
  • Structural growth opportunities give way to cost mitigation
IC TIP: Hold at 1422p

Insiders increased their exposure to Compass Group (CPG) the same week it revealed that the contract caterer had returned to profitability and a cash-neutral position in the fourth quarter of FY2020. Ian Meakins, a non-executive director and chairman-elect, purchased almost £821,000 in shares through a related third-party, while an individual associated with Ms Alison Yapp, group general counsel and company secretary, purchased almost £40,000 in shares. 

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