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Compass back on track

18 December 2002 By Hugo Dixon, Hugo Dixon

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Compass back on track

18 December 2002 By Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon

Compass is now a pure play on food service and has shed a capitalintensive business. That underlines its new, welcome focus on cash flow. Eps will be diluted by about 8%, even after a £300m share buyback. But the £712m sale price isn’t bad for a slowgrowth business.

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