Compass announces new buy-back programme for 2013

As expected, contract caterer Compass Group saw profits break through the billion-pound barrier in the 12 months to the end of September, prompting the board to push up its full-year dividend and announce a new share buy-back programme.

As expected, contract caterer Compass Group saw profits break through the billion-pound barrier in the 12 months to the end of September, prompting the board to push up its full-year dividend and announce a new share buy-back programme.

Underlying pre-tax profit jumped 7% year-on-year on a constant currency basis to £1,093m, slightly ahead of the £1,074 consensus estimate. Earnings per share came in at 42.6p, up 10%.

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