|Bid||1,958.50 x 0|
|Ask||1,959.50 x 0|
|Day's Range||1,937.00 - 1,974.50|
|52 Week Range||1,467.50 - 2,150.00|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||26.50|
|Earnings Date||Nov 26, 2019|
|Forward Dividend & Yield||0.39 (1.96%)|
|1y Target Est||1,741.25|
“The cover charge to enter this club just got higher,” says Constantine Valhouli, director of research at NeighborhoodX, a US property analytics firm. Intended to fund the renovation of New York’s creaking subway, the surcharge came into effect this July. A $15m Manhattan property that would have previously been taxed at $150,000 now has a liability of $525,000.
(Bloomberg) -- Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. The pound slid as Prime Minister Boris Johnson sought to suspend the U.K.’s Parliament, raising the risk of a no-deal Brexit.Sterling was the worst performer among major currencies as Johnson confirmed an earlier BBC report, while U.K. government bonds rallied on expectations of an earlier Bank of England interest-rate cut. With the U.K. set to leave the European Union on Oct. 31, suspending Parliament would mean less time for lawmakers to attempt to block a no-deal.A no-deal Brexit is the worst-case scenario for the pound, driving it down to $1.10, according to a recent Bloomberg survey. The U.K. currency erased Tuesday’s gains that came thanks to the positive tone struck by European leaders at the Group-of-Seven meeting and efforts by the opposition Labour party to attempt to block no-deal.“It just underscores the veil of uncertainty the pound is facing, the still non-negligible risk of no-deal Brexit and the vulnerability of the currency to negative headline news,” said Petr Krpata, a currency strategist at ING Groep NV.The pound fell as much as 1.1%, the most in a month, before paring the drop to be 0.7% lower at $1.2206. It weakened 0.7% to 90.85 pence per euro. The yield on U.K. 10-year government bonds fell four basis points to 0.46%, as money markets brought forward expectations of a U.K. rate cut to March from May.The FTSE 100 Index rose 0.3% to buck regional losses. Companies that make most of their money in U.S. dollars, including firms like catering giant Compass Group Plc and medical equipment maker Smith & Nephew Plc both jumped. U.K. stocks sensitive to the twists and turns of Brexit, particularly housebuilders like Barratt Developments Plc and Taylor Wimpey Plc, fell.Parliament is due to return from a summer break on Sept. 3. Johnson said he’ll ask Queen Elizabeth II to suspend Parliament from the week of Sept. 9 to Oct. 14. for a Queen’s Speech on his domestic agenda. That will still leave “ample time” to debate Brexit, he said.“Boris looks to be making the time for Parliament much more constrained but they are not completely out of the game,” said Jordan Rochester, a strategist at Nomura International Plc. “This will raise the odds of a no-deal Brexit in the meantime.”The move by Johnson’s government is likely to lead to further tumult and could even trigger a constitutional crisis, with some lawmakers previously talking of continuing to meet in another building if Johnson attempted to suspend Parliament.“We expect euro-sterling to re-test the 0.9300 level in coming weeks, even going towards 0.95 if the stand off between PM Johnson and the U.K. parliament and the EU intensifies,” Krpata said.(Updates throughout.)\--With assistance from Sam Unsted.To contact the reporters on this story: Charlotte Ryan in London at firstname.lastname@example.org;Anooja Debnath in London at email@example.comTo contact the editors responsible for this story: Ven Ram at firstname.lastname@example.org, Neil ChatterjeeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In March 2019, Compass Group PLC (LON:CPG) released its earnings update. Generally, analysts seem fairly confident...
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Compass, which counts Alphabet Inc's Google, Coca-Cola Co, Royal Dutch Shell Plc and Nike Inc among its customers, said broad based organic revenue grew 7.9% in its North America business for the six months ended March 31. "Following the very strong first half performance we now increase our organic revenue growth guidance for the full year and expect to deliver organic revenue growth and margin progression similar to 2018," the company said. Compass previously said it expects full-year organic revenue growth to be slightly above the mid-point of its 4% to 6% forecast range.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Compass Group PLC and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In this article we are going to estimate the intrinsic value of Compass Group PLC (LON:CPG) by e...
French catering company Elior said it had got a firm offer of 1.542 billion euros (£1.34 billion) from private equity firm PAI Partners for its 'Areas' concession catering business, helping to give a lift to Elior's shares. Elior said it expected to close the sale during this summer, and added it would use the proceeds of the deal to cut its debt. Elior, which competes with Sodexo and Compass, has embarked on an overhaul of its business after issuing several profit warnings in recent years, and the sale of the Areas arm formed part of plans to sell non-core assets.
Moody's Investors Service ("Moody's") has today assigned Prime-2 (P-2) short term ratings to the $2 billion commercial paper programme issued by Compass Group PLC (Compass or the company) and Compass Group Finance Netherlands B.V., an indirect subsidiary of Compass. The company's A3 long term debt ratings, the (P) A3 rating of the company's GBP 4 billion Euro Medium Term Note (EMTN) programme, and the Prime-2 (P-2) short term issuer ratings of Compass and Compass Group Finance Netherlands B.V. are unchanged. The programme is guaranteed by Compass Group PLC and is backstopped by a syndicated bank facility of GBP 1 billion and GBP 690 million bilateral bank loan agreements, both of which mature in fiscal year 2021, ending September 2021.
Every investor in Compass Group PLC (LON:CPG) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller co...
The exporter-heavy FTSE 100 was up 0.1 percent at its highest closing level since early October, outshining its European and U.S. counterparts, while the midcaps dipped 0.1 percent. Sector heavyweights Shell and BP jumped more than 1 percent to their highest this year, as oil prices were driven by expectations of tighter global supply because of fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. The gains helped cushion steep falls in blue-chip financial stocks, which were the biggest drags on the FTSE 100.
Moody's Investors Service ("Moody's") has today assigned Prime-2 (P-2) short term issuer ratings to Compass Group PLC (Compass or the company) and to Compass Group Finance Netherlands B.V., an indirect subsidiary of Compass Group PLC. Concurrently Moody's has affirmed the company's A3 long term debt ratings and the (P) A3 rating of the company's GBP 4 billion Euro Medium Term Note (EMTN) programme. A full list of affected ratings can be found at the end of this press release.