Compass drop weighs on FTSE, trade hopes cushion fall [Reuters (UK)]
COMPASS GROUP SP/ADR (CMPGY)
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Source: Reuters
Compass drop weighs on FTSE, trade hopes cushion fall - Reuters 3 Min Read (Reuters) - London’s FTSE 100 edged lower on Tuesday as a near 7% slide in catering firm Compass Group offset gains in miners, that rose on hopes of a resolution to the U.S.-China trade spat, while a surge in Pets at Home helped mid-cap stocks outperform. The main index .FTSE gave up 0.1%, with Compass ( CPG.L ) tracking its worst day since July 2014, after the company said deteriorating business and consumer confidence hit performance in Europe. The FTSE 250 .FTMC held on to a near 15-month high from the previous session, rising 0.3%, as pet supplies retailer Pets at Home Group ( PETSP.L ) soared 10% after it forecast annual profit towards the top end of the market view. By 0850 GMT, the mid-cap index was outperforming the UK blue-chips as well as the broader European benchmark . Small-cap De La Rue ( DLAR.L ), which last month hit its lowest level in over two decades following a profit warning, plummete
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